October 24, 2019 / 4:57 AM / a month ago

Schindler third-quarter profit rises on strong Asia-Pacific, China growth

FILE PHOTO: The company's logo is seen on a test tower at Swiss elevator maker Schindler's components factory in the town of Ebikon Switzerland May 31, 2016. REUTERS/Arnd Wiegmann

(Reuters) - Swiss elevator and escalator manufacturer Schindler (SCHP.S) said on Thursday its third-quarter net profit rose 6.1% from previous year to 244 million Swiss francs ($246 million), citing strong growth in the Asia-Pacific region, supported by positive business development in China.

Sales during the July to September period were 2.82 billion francs, which is 5.2% more than 2.68 billion francs reported in the previous year.

The company reiterated its 2019 guidance of revenue growth of between 4% and 6% in local currencies, and net profit reaching the range of 900 million francs to 940 million francs.

Reporting by Bartosz Dabrowski; Editing by Christian Schmollinger

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