Schindler Holding AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 19, 2023 at 09:10 am EDT
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Schindler Holding AG reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CHF 2,812 million compared to CHF 2,965 million a year ago. Net income was CHF 228 million compared to CHF 185 million a year ago. Basic earnings per share from continuing operations was CHF 1.97 compared to CHF 1.59 a year ago.
For the nine months, sales was CHF 8,534 million compared to CHF 8,310 million a year ago. Net income was CHF 691 million compared to CHF 481 million a year ago. Basic earnings per share from continuing operations was CHF 5.96 compared to CHF 4.13 a year ago.
Schindler Holding AG is a Switzerland-based holding company that specializes in the manufacture of escalators, elevators and moving walks. It operates globally within one main segment: Elevators and Escalators. The Elevators and Escalators segment provides a range of elevators for different applications, including freight and special elevators, high-rise elevators, residential elevators and commercial elevators. It also offers commercial and public transport escalators, as well as inclined and horizontal moving walks. It's affiliated company, ALSO Holding AG, which provided information and communications technology and consumer electronics in the wholesale and logistics sectors, was disposed during 2011 and merged with Actebis GmbH, forming ALSO-Actebis Holding AG. In June 2014, closed the real estate development project Mall of Switzerland (formerly EbiSquare) together with Halter AG and sold its stake in EbiSquare AG to Halter AG
SCHINDLER HOLDING AG 
