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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Schindler Holding AG    SCHP   CH0024638196

SCHINDLER HOLDING AG

(SCHP)
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Schindler : second quarter profit dives 22% on wage inflation, higher material costs

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08/14/2019 | 01:20am EDT
The company's logo is seen on a test tower at Swiss elevator maker Schindler's components factory in Ebikon

(Reuters) - Swiss elevator and escalator manufacturer Schindler said on Wednesday its second-quarter net profit dived 22.4% from previous year to 239 million francs (£203 billion), dented by wage inflation, higher material costs, foreign exchange, and planned increase in expenditure on projects.

(Reuters) - Swiss elevator and escalator manufacturer Schindler said on Wednesday its second-quarter net profit dived 22.4% from previous year to 239 million francs (£203 billion), dented by wage inflation, higher material costs, foreign exchange, and planned increase in expenditure on projects.

Excluding the one-time tax refund of 55 million francs that was recognised in the second quarter of 2018, Schindler's net profit dropped by 5.5%.

Sales in April-June amounted to 2.85 billion francs, about 2.4% more than 2.78 billion francs reported in the previous year.

Schindler expects net profit to reach 900 million francs to 940 million francs for the financial year 2019, compared with last year's 1.01 billion francs.

The company reiterated its 2019 guidance of revenue growth of between 4% and 6% in local currencies.

(Reporting by Bartosz Dabrowski, Editing by Sherry Jacob-Phillips)

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Financials (CHF)
Sales 2019 11 340 M
EBIT 2019 1 311 M
Net income 2019 888 M
Finance 2019 1 914 M
Yield 2019 2,01%
P/E ratio 2019 26,5x
P/E ratio 2020 23,9x
EV / Sales2019 1,88x
EV / Sales2020 1,77x
Capitalization 23 223 M
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Mean consensus HOLD
Number of Analysts 9
Average target price 225,00  CHF
Last Close Price 216,90  CHF
Spread / Highest target 18,0%
Spread / Average Target 3,73%
Spread / Lowest Target -9,17%
EPS Revisions
Managers
NameTitle
Thomas Oetterli Chief Executive Officer
Silvio Napoli Chairman
Christian Schulz Head-Operations
Erich Ammann Chief Financial Officer & Deputy CEO
Urs Scheidegger Chief Financial Officer & Member
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