Schindler Holding Ltd : Management attempts to quantify the COVID-19 impact, which will be significant
>COVID-19: a fairly accurate quantification - At a meeting in London yesterday evening, Schindler’s management (CEO and CFO) provided fairly accurate indications on the impact to expect from COVID-19. Schindler generates 13% of its sales in China. Mid-February, the group provided guidance on growth excl. the forex effect of 0-5%, integrating COVID-19. It now considers that the group will be at the lower end of the guidance range (i.e. 0-2.5%).The impact on ...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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