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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 1.29% 410.2 Delayed Quote.-31.39%
KONE OYJ 0.09% 68.6 Delayed Quote.17.98%
SCHINDLER HOLDING AG -0.29% 242.4 Delayed Quote.-1.02%
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Financials
Sales 2020 10 491 M 11 653 M 11 653 M
Net income 2020 711 M 789 M 789 M
Net cash 2020 2 201 M 2 444 M 2 444 M
P/E ratio 2020 36,3x
Yield 2020 1,65%
Capitalization 25 703 M 28 527 M 28 551 M
EV / Sales 2020 2,24x
EV / Sales 2021 2,08x
Nbr of Employees 67 057
Free-Float 55,3%
Chart SCHINDLER HOLDING AG
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Schindler Holding AG Technical Analysis Chart | SCHP | CH0024638196 | MarketScreener
Technical analysis trends SCHINDLER HOLDING AG
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 243,92 CHF
Last Close Price 236,60 CHF
Spread / Highest target 18,3%
Spread / Average Target 3,09%
Spread / Lowest Target -21,8%
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
Sector and Competitors
1st jan.Capitalization (M$)
SCHINDLER HOLDING AG-1.02%28 527
KONE OYJ17.98%42 966
SCHINDLER HOLDING LTD.-0.25%28 527
DAIFUKU CO., LTD.81.68%14 967
ZARDOYA OTIS-16.16%3 337
SHANGHAI MECHANICAL & ELECTRICAL INDUSTRY CO., LTD.18.59%2 749