Schindler jumps after Q3 earnings beat, outlook upgrade

By Reuters News

** Schindler <SCHP.S> shares are up 7.5% after the company posted Q3 results above expectations and upgraded its FY outlook

** The Swiss elevator maker reported a Q3 order intake of CHF 2.94 billion ($3.58 billion) versus a Vara-compiled consensus of CHF 2.79 billion

** It also upgraded its full-year EBIT margin forecast to around 13.5% from around 13% previously

** Q3 results support Schindler's margin expansion in the face of a still tough new installation market ahead of an important CMD, J.P.Morgan says

** "The uncorrelated to AI aspect to the shares is also in focus for investors more broadly at present," JPM adds

** "While overall market conditions remains challenging, the positive trends in key regions remain in place with modernization the key driver," Vontobel says

** Shares are on track for their best day since April 2025

** The stock is at the top of Swiss mid-cap index .SMIM

** Shares in Finnish peer Kone KNEBV.HE are up nearly 3% at 0710 GMT

($1 = 0.8216 Swiss francs)

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