Schindler posted a better-than-expected set of Q3 22 results although FCF and order intake were laggards. A satisfying print though, compared to Kone’s second consecutive profit warning last week. The guidance was also confirmed on net profit and stipulated as towards the upper end of the previous range on top-line growth. However, the key takeaways from the management’s comments can be summed-up as: “caution”. This especially concerns the cost inflation and NWC topics, while the Chinese market ....
21 Oct 2022
Q3 22: Caution above all
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Q3 22: Caution above all
- Published:
21 Oct 2022 -
Author:
Valentin Mory -
Pages:
3
Schindler posted a better-than-expected set of Q3 22 results although FCF and order intake were laggards. A satisfying print though, compared to Kone’s second consecutive profit warning last week. The guidance was also confirmed on net profit and stipulated as towards the upper end of the previous range on top-line growth. However, the key takeaways from the management’s comments can be summed-up as: “caution”. This especially concerns the cost inflation and NWC topics, while the Chinese market ....