Schindler Holding Ltd : H1 likely to be challenging (coronavirus impact) but group prepared for it
>Q4 2019 broadly in line with expectations apart from the dividend - On Friday, Schindler published Q4 2019 results in line with expectations, with the exception of the dividend, which was disappointing (CHFÂ 4.0, stable). Orders reflected growth of 5.7% at constant currency (consensus at 5.3%) and sales rose 5.6% (consensus at 5.0%). The group indicated that both new equipment and services contributed to this pace of growth. The adjusted EBIT margin reached 12.1%, +10...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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