Schindler: upbeat after interim results
(CercleFinance.com) - The Schindler stock is up 1.
7% in early trading in Zurich today, after the group published H1 net income that is up 23.2% to 516 million Swiss francs, with its operating margin stable at 11.7%.
The Swiss lift maker saw its revenues rise 10.2% to 5,255 million Swiss francs (+8.4% in local currencies), with order intake up 9.8% at 5,869 million Swiss francs, bringing its order backlog to 8,708 million Swiss francs at end-June.
For FY 2018 - and excluding unexpected events - Schindler's management expects net income of between 960 million and 1,010 million Swiss francs, for revenues that are up 5% to 7% in local currencies.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
7% in early trading in Zurich today, after the group published H1 net income that is up 23.2% to 516 million Swiss francs, with its operating margin stable at 11.7%.
The Swiss lift maker saw its revenues rise 10.2% to 5,255 million Swiss francs (+8.4% in local currencies), with order intake up 9.8% at 5,869 million Swiss francs, bringing its order backlog to 8,708 million Swiss francs at end-June.
For FY 2018 - and excluding unexpected events - Schindler's management expects net income of between 960 million and 1,010 million Swiss francs, for revenues that are up 5% to 7% in local currencies.
Copyright (c) 2018 CercleFinance.com. All rights reserved.