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Schindler Holding Sees FY Net Profit Of CHF 840-900 Million
Schindler To Deliver Elevators For Office Towers In Egypt's New Administrative Capital
Schindler Says Headwinds From Raw Materials And Logistics Prices Of CHF 80-90 Million - Conf Call
Schindler Holding AG is a Switzerland-based holding company that specializes in the manufacture of escalators, elevators and moving walks. It operates globally within one main segment: Elevators and Escalators. The Elevators and Escalators segment provides a range of elevators for different applications, including freight and special elevators, high-rise elevators, residential elevators and commercial elevators. It also offers commercial and public transport escalators, as well as inclined and horizontal moving walks. It's affiliated company, ALSO Holding AG, which provided information and communications technology and consumer electronics in the wholesale and logistics sectors, was disposed during 2011 and merged with Actebis GmbH, forming ALSO-Actebis Holding AG. In June 2014, closed the real estate development project Mall of Switzerland (formerly EbiSquare) together with Halter AG and sold its stake in EbiSquare AG to Halter AG
Misc. Capital Goods
Executive Chairman of the Board of Directors
Chairman of the Executive Committee, Chief Executive Officer
Alfred N. Schindler
Non-Executive Emeritus Chairman of the Board
Deputy Chief Executive Officer, Member of the Executive Committee for Corporate Human Resources
Non-Executive Independent Vice Chairman of the Board of Directors
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Return on Equity (TTM)
Touchless elevator buttons are in highest demand in Asia and the United States, Schindler Chief Executive Thomas Oetterli said, as the Swiss lifts maker adapts products to tackle worries that the new coronavirus lurks in public spaces.
Schindler <SCHP.S> said on Friday it will cut 2,000 jobs over two years as regions outside China reel from COVID-19 even as the Swiss elevator maker bulks up in the world's biggest lift market, which has recovered quickly from lockdowns.
Swiss elevator and escalator manufacturer Schindler <SCHP.S> reported on Friday a fall in second-quarter net profit and announced around 2000 job cuts over the next two years, citing the global slowdown induced by the COVID-19 pandemic.
* INSTALLATION IS SCHEDULED TO BEGIN IN Q3 OF 2020 Source text for Eikon: Further company coverage: (Gdansk Newsroom)
Swiss elevator and escalator maker Schindler <SCHP.S> said on Wednesday its first-quarter net profit fell 36.5% from previous year as the global coronavirus crisis led to the shut down of production plants and construction sites in several countries.
* FOR Q1 OF 2020, SCHINDLER REPORTS STABLE REVENUE IN LOCAL CURRENCIES (-0.2%)
* IT HAS BEEN SELECTED TO DELIVER 103 ESCALATORS AND 73 ELEVATORS TO METRO TUNNEL PROJECT IN MELBOURNE, AUSTRALIA.
* SCHINDLER SEES ITS PREVIOUSLY ANNOUNCED REVENUE GROWTH GUIDANCE FOR FULL YEAR 2020 OF BETWEEN 0% AND 5% IN LOCAL CURRENCIES AT RISK
Schindler <SCHP.S> may see "several hundreds of millions" of Swiss francs stripped from this year's sales as a result of coronavirus-related disruptions, CEO Thomas Oetterli said on Friday after the company reported a fall in 2019 profits.
Coronavirus-related disruption in China may trim "several hundreds of millions" from Schindler sales this year, Chief Executive Thomas Oetterli said on Friday, dragging down the lift-maker's profits that already fell in 2019.
Elevator maker Schindler on Friday reported 2019 profit that beat analysts expectations and said it expects up to 5% growth in 2020 sales despite the coronavirus outbreak, which it concedes will likely affect operations and results.
* EXPECTS FOR 2020, EXCLUDING ANY OTHER UNFORESEEABLE EVENTS, TO CONTINUE GROWING FASTER THAN THE MARKET, WITH REVENUE INCREASING BETWEEN 0% AND 5% IN LOCAL CURRENCIES
Swiss elevator maker Schindler <SCHP.S> would embark on an all-out antitrust offensive in the courts to stall any deal to combine Thyssenkrupp's <TKAG.DE> lift division with rival Kone <KNEBV.HE>, board member Alfred Schindler told Reuters.
* OFF-EXCHANGE TRANSACTIONS AMONGST MEMBERS OF SCHINDLER SHAREHOLDER AGREEMENT
* THE SCHINDLER GROUP WAS INFORMED ON THE EVENING OF DECEMBER 18, 2019 THAT A FORMER EMPLOYEE MAY BE CHARGED BY THE ISRAELI COMPETITION AUTHORITY
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...
* 9-MONTH ORDER INTAKE INCREASED BY 4.1% TO CHF 9 009 MILLION
European stocks tumbled to a six-month low on Wednesday, as an inversion in the U.S. yield curve following bleak data out of major economies including Germany and China pointed to a looming recession.
Swiss elevator and escalator manufacturer Schindler <SCHP.S> reported a 22.4% drop in its second-quarter net profit on Wednesday, blaming wage inflation, higher material costs, foreign exchange effects, and higher spending on new projects.
Swiss elevator and escalator manufacturer Schindler said on Wednesday its second-quarter net profit dived 22.4% from previous year to 239 million francs ($245 billion), dented by wage inflation, higher material costs, foreign exchange, and planned increase in expenditure...
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