Schindler shares rise as Q1 results exceed forecasts

Schindler Holding AG

30/04/2025 07:40

** Shares in Swiss liftmaker Schindler SCHP.S seen up 2.35% in Julius Baer pre-market indications after it beat expectations in its Q1 results

   ** Q1 orders were 5% above consensus and grew 6% y/y organically, with all regions and business areas growing except for new installations in China

** Q1 adjusted EBIT was also 5% ahead of consensus, equating to a margin of 12.2%

** Analysts at Jefferies say Q1 is the lowest margin quarter and thus the FY guidance of 12% which was reiterated looks low excluding tariff impacts

** The company expects an annualized gross tariff impact of CHF 35 mln, of which CHF 23 mln in 2025

 (Reporting by Bernadette Hogg)

 ((bernadette.hogg@thomsonreuters.com))