Otis: lifts outlook again for 2021

(CercleFinance.com) - Otis has raised its outlook for 2021 once again, now expecting adjusted EPS of around 2.
95 dollars, up 17%, as well as revenue of around 14.3 billion dollars, up 11.8% to 12.3% (+8.5% to 9% in organic terms).

For the record, the lift maker raised its forecasts three months ago, announcing target ranges of 2.89 to 2.93 dollars for adjusted EPS, with revenues of 14.1 to 14.2 billion dollars.

It reported Q3 adjusted EPS that is up 11.6% at 0.77 dollar, and an adjusted operating margin that improved by 20 basis points to 15.6%, on revenues that are up 8.3% at 3.62 billion dollars (+8.1% in organic terms).



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