The company continued to grow and posted the best reported sales growth in the lift industry. Management sees a FY18 revenue increase of 3-5% in local currencies. Moreover, the conversion rate in China is above 70%, the best figure in our opinion in the industry, and Schindler is willing to work on pricing, in the same way as market leader Kone did in 2017 in order partly to offset the raw material price increases.
20 Feb 2018
FY17: best reported sales figure in the industry, bottom-line growth satisfying
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY17: best reported sales figure in the industry, bottom-line growth satisfying
Schindler Holding AG Pref (SCHPN:MEX) | 0 0 0.0%
- Published:
20 Feb 2018 -
Author:
Felix Brunotte -
Pages:
3
The company continued to grow and posted the best reported sales growth in the lift industry. Management sees a FY18 revenue increase of 3-5% in local currencies. Moreover, the conversion rate in China is above 70%, the best figure in our opinion in the industry, and Schindler is willing to work on pricing, in the same way as market leader Kone did in 2017 in order partly to offset the raw material price increases.