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

SCHINDLER HOLDING AG

(SCHP)
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Schindler raises 2020 guidance on China boost

10/23/2020 | 01:02am EST

Oct 23 (Reuters) - Swiss elevator and escalator manufacturer Schindler raised its full-year revenue and net profit guidance on Friday, citing increased activities in key markets, including China.

The company raised the lower range of its 2020 revenue outlook and now sees a 0-3% decline in sales, compared to the previous outlook of a 0-6% fall. It sees full-year net profit of 720-760 million Swiss francs ($793-$837 million), compared to the previous forecast of 680-720 million francs.

The Chinese market, which accounts for 14% of Schindler's sales, locked down after the new coronavirus emerged there late last year, but rebounded swiftly, and in September HSBC said it expected the country's GDP in 2020 to grow by 2.4% year-on-year.

On Thursday, Finnish rival Kone reported an expected increase in third-quarter profit as demand for elevators and escalators picked up in China, but said rising competition from other engineering groups had put pressure on pricing.

Schindler's third-quarter net profit fell 3.7% from the previous year to 235 million francs. ($1 = 0.9077 Swiss francs) (Reporting by Bartosz Dabrowski in Gdansk; Editing by Muralikumar Anantharaman)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HSBC HOLDINGS PLC 1.76% 405.65 Delayed Quote.-31.60%
KONE OYJ 1.34% 69.62 Delayed Quote.19.46%
SCHINDLER HOLDING AG 0.12% 249.8 Delayed Quote.1.46%
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Financials
Sales 2020 10 493 M 11 592 M 11 592 M
Net income 2020 712 M 787 M 787 M
Net cash 2020 2 198 M 2 428 M 2 428 M
P/E ratio 2020 37,2x
Yield 2020 1,61%
Capitalization 26 311 M 29 088 M 29 066 M
EV / Sales 2020 2,30x
EV / Sales 2021 2,13x
Nbr of Employees 67 057
Free-Float 55,3%
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Technical analysis trends SCHINDLER HOLDING AG
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 243,92 CHF
Last Close Price 242,00 CHF
Spread / Highest target 15,7%
Spread / Average Target 0,79%
Spread / Lowest Target -23,6%
EPS Revisions
Managers
NameTitle
Thomas Oetterli Chief Executive Officer
Silvio Napoli Executive Chairman
Christian Schulz Head-Operations
Urs Scheidegger Chief Financial Officer
Karl-Heinz Bauer Chief Technology Officer
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