Switzerland's Schindler third-quarter results beat estimates, lifts 2026 EBIT margin guidance (updated)
UPDATE 1-Switzerland's Schindler third-quarter results beat estimates, lifts 2026 EBIT margin guidance Adds Q3 figures and consensus estimates in table, Q3 EBIT margin and order intake in overview section
Overview
Swiss elevator maker's Q3 revenue grew 5.1% in local currencies, nine-month revenue up 2.6%
Q3 EBIT margin at 14.4% versus 14% consensus estimate
Q3 order intake from new installations in China fell up to 5%, while orders from modernisation business rose more than 10%
Outlook
Schindler raises 2026 EBIT margin guidance to about 13.5% from about 13%
Result Drivers
ORDER INTAKE - Co said Q3 order intake grew 10.3% in local currencies, supporting revenue growth
MARGIN IMPROVEMENT - EBIT margin increased 100 basis points from prior-year period
Company press release: ID:nEQ9pk3f1a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | CHF 2.83 bln | CHF 2.77 bln |
Q3 EBIT | Beat | CHF 407 mln | CHF 388 mln |
Q3 EBIT Margin | Beat | 14.4% | 14% |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 10 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the heavy electrical equipment peer group is "buy."
Wall Street's median 12-month price target for Schindler Holding AG is CHF289.50, about 7.3% above its October 21 closing price of CHF269.80
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 25 three months ago
Reuters Recommended Reads
Oct 20 - Switzerland's ABB Q3 revenue rises 14%, to form joint venture with Mitsubishi Electric
Oct 20 - Switzerland's Huber+Suhner 9-month sales rise on broad-based growth
Oct 19 - Germany's Fuchs SE raises 2026 EBIT forecast
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)