Schindler Holding Ltd : Q4 2019 results could lead the consensus to slightly lower its 2020 estimates
>Q4 2019 expected to be marked by a slight decline in EBIT - We are forecasting a Q4 broadly in line with Q3. Sales growth should continue to benefit from the rise in recent orders (+5.9% at constant currency over 12 months rolling) and we are forecasting 5.7% growth at constant currency (consensus: 5.5%). The adjusted EBIT margin should remain penalised by adverse impacts: wage inflation, raw material inflation (marginal inflection but still upwards) and investment ...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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