Liftmaker Schindler rises on resilient Q1 results

Schindler Holding AG

23/04/2026 08:06

** Shares in Swiss lift- and escalator maker Schindler SCHP.S rise 2.6% after it reported resilient quarterly results despite intense foreign exchange headwinds and a turbulent environment

** Orders and sales were largely in line with expectations and guidance was left unchanged, which J.P.Morgan says is a "small positive relative to low expectations"

** Underlying order intake rising nearly 3% against a tough comparison base is a strong result, RBC says

** The pace of adjusted EBIT margin expansion is above expectations, Zuercher Kantonalbank and RBC note

** Vontobel highlights the results as a sign of further operational progress and RBC says they show the strength of the company's turnaround over the past four years

 (Reporting by Bernadette Hogg)

 ((bernadette.hogg@thomsonreuters.com))