Schindler Holding Ltd : Pressure on prices will weigh on margins from Q4
>A positive Q3 boosted by China and acquisitions - Order intake was down 0.7% at constant forex and sales grew by 4.0% (vs -2.2% and -1% forecast by the consensus). However, these figures factor in a 3% impact from acquisitions (consolidation of Volkslift and minor acquisitions in the US and China), of which we were not aware in our initial analysis on Friday. The comparable order intake was therefore down 3.5% and sales increased by 1%, which was ultimately more in ...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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