Schindler Holding AG

SCHN: XSWX (CHE)
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Schindler Earnings: Operational Momentum Holds; June Capital Markets Day Is the Rerating Event

Schindler posted a very decent EBIT margin of 13% in the first quarter—its seasonally weakest quarter—with modernization revenue up 15% in local currencies and full-year guidance confirmed despite severe foreign-exchange headwinds.

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