Switzerland's Schindler third-quarter results beat estimates, lifts 2026 EBIT margin guidance

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:

Key Details

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.)