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Schindler Q2 sales miss expectations as weak China market drags

Schindler shares fell around 5% as investors worried about weak demand in China’s property market, despite global order growth for a third straight quarter. The elevator maker said new installation orders in China declined over 10%, while demand for modernisation of existing elevators remained strong across markets. CEO Paolo Compagna highlighted growth from the company’s new modular product platform, especially in Europe.

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Economic TimesLean R·6h ago
Schindler Q2 sales miss expectations as weak China market drags
Schindler shares fell around 5% as investors worried about weak demand in China’s property market, despite global order growth for a third straight quarter. The elevator maker said new installation orders in China declined over 10%, while demand for modernisation of existing elevators remained strong across markets. CEO Paolo Compagna highlighted growth from the company’s new modular product platform, especially in Europe.
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Schindler Q2 sales miss expectations as weak China market drags

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Schindler Q2 sales miss expectations as weak China market drags

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