Liftmaker Schindler's first-quarter sales fall on FX headwinds
23/04/2026 05:38
April 23 (Reuters) - Swiss lift and escalator maker Schindler SCHP.S reported a 5.1% drop in its first-quarter sales on Wednesday, citing significant foreign exchange headwinds. It posted quarterly revenue of 2.59 billion Swiss francs ($3.3 billion), down from 2.73 billion francs a year earlier. That was below analysts' average forecast of 2.63 billion francs, a poll compiled by Vara showed. ($1 = 0.7854 Swiss francs) (Reporting by Bernadette Hogg) ((bernadette.hogg@thomsonreuters.com))
Recent news on Schindler Holding AG
See all newsBrief: Schindler Increases Ongoing Share Buyback Program To Up To CHF 700 Million
Brief: Schindler To Postpone Its Capital Markets Day In Light Of The Current Macroeconomic Uncertainty And Shifting Competitive Dynamics
Europe Research Roundup: Burberry , KBC Group, Tesco
Analysis: Kone's new TK Elevator deal comes amid climate change on European champions
Brief: Schindler - Unaffected By Kone And TK Elevator Agreement To Combine Both Companies