Schindler Holding Ltd : Q3 beats forecast but lingering caution on the outlook
>Q3: sales growth of 4% at constant currency, adjusted EBITA margin +40bp - The morning Schindler published Q3 results that broadly beat expectations:Orders at constant currency were down -0.7% in Q3 (consensus at -2.2% and ODDO BHF at -5%). Schindler indicated a V-shaped recovery in China, mixed demand in Europe (solid markets in the north of Europe, contraction in the south) and that activity in the Americas was suffering, notably with a significant impact on t...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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