Schindler Holding AG Part.Cert.

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.
  • TickerSCHP
  • ISINCH0024638196
  • ExchangeSix Swiss Exchange
  • SectorIndustrial Engineering
  • CountrySwitzerland

Analysts

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/25/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/10/2019

...

Alfred Glaser ...
  • Delphine Brault

Schindler Holding Ltd : For 2020, growth likely to be on target but not necessarily the margin

>A solid Q3 2019, with a good level of orders - Yesterday, Schindler reported a quality set of Q3 figures that were slightly higher than expected. Orders reflected growth of 6.1% at constant currency (consensus at 5.5%) and sales rose 6.6% (consensus at 5.9%). The group indicated that both new equipment and services contributed to this pace of growth. The adjusted EBIT margin reached of 11.8%, with a contraction of 10bp y-o-y. Schindler remains under pressure from con...

Alfred Glaser ...
  • Delphine Brault

Schindler Holding Ltd : Pour 2020, la croissance devrait être au RV mais pas forcément la marge

>T3 2019 solide, avec un bon niveau de commandes - Schindler a publié hier un T3 de qualité, légèrement supérieur aux attentes. Les commandes ont progressé de 6.1% à changes constants (consensus 5.5%) et le chiffre d’affaires de 6.6% (consensus 5.9%). Tant les nouveaux équipements que les services ont contribué à cette croissance. La marge d’EBIT ajusté atteint 11.8%, en recul de 10 pb yoy. Elle reste pénalisée par l’inflation de certains coûts (matières premières et ...

Alfred Glaser ...
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir
  • Philippe Ourpatian
  • Stephane Houri
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/24/2019

The PMIs highlight the economic slowdown, but since mid-August, there has been a clear shift towards value and cyclical stocks. This apparent contradiction reveals an implicit bet by investors on the imminent upward inflection of PMIs. We therefore examined the structure of relative performance when an inflection is observed. The latter does imply a sectoral movement in favour of financial stocks at the expense of defensive stocks. Today's PMI publication will therefore be key to deci...

Alfred Glaser ...
  • Delphine Brault

Schindler Holding Ltd : For 2020, growth likely to be on target but not necessarily the margin

>A solid Q3 2019, with a good level of orders - Yesterday, Schindler reported a quality set of Q3 figures that were slightly higher than expected. Orders reflected growth of 6.1% at constant currency (consensus at 5.5%) and sales rose 6.6% (consensus at 5.9%). The group indicated that both new equipment and services contributed to this pace of growth. The adjusted EBIT margin reached of 11.8%, with a contraction of 10bp y-o-y. Schindler remains under pressure from con...

Alfred Glaser ...
  • Delphine Brault

Schindler Holding Ltd : Pour 2020, la croissance devrait être au RV mais pas forcément la marge

>T3 2019 solide, avec un bon niveau de commandes - Schindler a publié hier un T3 de qualité, légèrement supérieur aux attentes. Les commandes ont progressé de 6.1% à changes constants (consensus 5.5%) et le chiffre d’affaires de 6.6% (consensus 5.9%). Tant les nouveaux équipements que les services ont contribué à cette croissance. La marge d’EBIT ajusté atteint 11.8%, en recul de 10 pb yoy. Elle reste pénalisée par l’inflation de certains coûts (matières premières et ...

Alfred Glaser ...
  • Delphine Brault

Schindler Holding Ltd : Solid Q3 results and FY 2019 guidance confirmed

>Q3: solid revenue growth in LC at 6.6%, EBIT margin at 11.6% - Schindler published this morning its Q3 2019 results, which came in slightly above expectations. We retain the following factors:Growth in orders in Q3 in local currency (LC) was 6.1% (vs +5.5% expected by consensus). Schindler mentioned solid growth year-to-date for the new installations market, slowing in the third quarter (KONE yesterday was indicating slight growth for 2019e).Revenue growth ...

Alfred Glaser ...
  • Delphine Brault

Schindler Holding Ltd : Solid Q3 results and FY 2019 guidance confirmed

>Q3: solid revenue growth in LC at 6.6%, EBIT margin at 11.6% - Schindler published this morning its Q3 2019 results, which came in slightly above expectations. We retain the following factors:Growth in orders in Q3 in local currency (LC) was 6.1% (vs +5.5% expected by consensus). Schindler mentioned solid growth year-to-date for the new installations market, slowing in the third quarter (KONE yesterday was indicating slight growth for 2019e).Revenue growth ...

Delphine Brault ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Construction: worst case not a certainty, but best case even less so

Construction markets should, for the most part, continue to reflect a slowdown in growth in 2020. A number of them may even contract (France, UK, Germany). In this context, the differentiation will primarily stem from a capacity for resilience (geographic mix and leverage/pricing), M&A (and portfolio rotation) and valuation. In the face of this new environment, we are initiating our coverage on Geberit on Reduce and downgrading our recommendations on CRH, HeidelbergCement and Vic...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/25/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/10/2019

...

Alfred Glaser ...
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir
  • Philippe Ourpatian
  • Stephane Houri
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/24/2019

The PMIs highlight the economic slowdown, but since mid-August, there has been a clear shift towards value and cyclical stocks. This apparent contradiction reveals an implicit bet by investors on the imminent upward inflection of PMIs. We therefore examined the structure of relative performance when an inflection is observed. The latter does imply a sectoral movement in favour of financial stocks at the expense of defensive stocks. Today's PMI publication will therefore be key to deci...

Alfred Glaser ...
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir
  • Philippe Ourpatian
  • Stephane Houri
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 24/10/2019

Les PMI soulignent le ralentissement de la conjoncture mais on observe, depuis mi-août, une bascule nette sur des thématiques value et cycliques. Cette contradiction apparente révèle un pari implicite des investisseurs sur l’inflexion imminente des PMI à la hausse. Nous avons donc examiné la structure des performances relatives lorsqu’une inflexion est observée. Cette dernière implique bien un mouvement sectoriel favorable aux financières aux dépens des défensives. La publication des ...

Alfred Glaser ...
  • Delphine Brault
  • Emmanuel Matot
  • Khaled Ben Amor
  • Louis Boujard
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/14/2019

...

An unfavourable environment weighs on SCHINDLER HOLDING AG, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of SCHINDLER HOLDING AG (CH), active in the Industrial Machinery industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date November 20, 2018, the closing price was CHF 197.50 and its target price was estimated at CHF 187.63.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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KONE Corporation - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's KONE Corporation Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by KONE Corporation since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key H...

Schindler Holding AG – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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