Schindler posted consensus-beating Q4 results as the adjusted EBIT margin continued recovering from its trough in Q2. We also welcome the improving margin of the order intake. Despite a weak cash generation in FY22, Q4 showed improvements backing the dividend proposal on par with last year’s despite an implied 70.5% pay-out ratio. The FY23 outlook for revenue met estimates, while profitability is likely to be on the way up with better cost inflation being offset, restructuring benefits and easin ....
22 Feb 2023
Profitability is looking upward, both in Q4 figures and order intake
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Profitability is looking upward, both in Q4 figures and order intake
- Published:
22 Feb 2023 -
Author:
Valentin Mory -
Pages:
3
Schindler posted consensus-beating Q4 results as the adjusted EBIT margin continued recovering from its trough in Q2. We also welcome the improving margin of the order intake. Despite a weak cash generation in FY22, Q4 showed improvements backing the dividend proposal on par with last year’s despite an implied 70.5% pay-out ratio. The FY23 outlook for revenue met estimates, while profitability is likely to be on the way up with better cost inflation being offset, restructuring benefits and easin ....