Schindler Holding Ag Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 22, 2021
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Schindler Holding AG announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was CHF 2,873 million compared to CHF 2,512 million a year ago. Operating income was CHF 319 million compared to CHF 255 million a year ago. Net income was CHF 242 million compared to CHF 188 million a year ago. For the half year, sales was CHF 5,475 million compared to CHF 4,959 million a year ago. Operating income was CHF 607 million compared to CHF 421 million a year ago. Net income was CHF 455 million compared to CHF 313 million a year ago.
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