Schindler Holding Ltd : Remarkable resilience in revenues in Q1, not so the EBIT margin
>Q1 2020: revenues down -0.2% organic with the adjusted EBITA margin down -190bp - The group reported earnings that came in ahead of our forecasts (and which seem relatively close to the consensus, though we do not know how many analysts are included) but which also showed weak EBIT margin resilience despite the services business. Revenues were virtually stable and yet the adjusted EBIT margin contracted by 190bp.Orders were down 3.2% in local currencies (vs...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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