Schindler Holding Ltd : For 2020, growth likely to be on target but not necessarily the margin
>A solid Q3 2019, with a good level of orders - Yesterday, Schindler reported a quality set of Q3 figures that were slightly higher than expected. Orders reflected growth of 6.1% at constant currency (consensus at 5.5%) and sales rose 6.6% (consensus at 5.9%). The group indicated that both new equipment and services contributed to this pace of growth. The adjusted EBIT margin reached of 11.8%, with a contraction of 10bp y-o-y. Schindler remains under pressure from con...Schindler Holding is a holding company. Co. through its subsidiaries is engaged in the production of escalators, elevators and moving walks. Co. operates globally in one main division: Elevators and Escalators. The Elevators and Escalators division provides a range of elevators for different applications, including freight and special elevators, high-rise elevators, residential elevators and commercial elevators. Co. also provides commercial and public transport escalators and inclined and horizontal moving walks.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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