Ebikon’s company is counting on “a good cash flow” in 2025, said the CEO. The group has faced “strong opposites” in terms of currencies, admits the CFO. The action closes down 1.1%.
The manufacturer of elevators and mechanical stairs Schindler thinks of managing to maneuver between customs duties and exchange effects, after a solid first semester. Investors have seen things differently, sanctioning the title on the stock market.
Ebikon’s company is counting on “a good cash flow” in 2025, said the director general Paolo companion during a conference call on Friday, even if “we will not go to the exceptional level of 2024”, tempered the chief of finances Carla de Geyseleer. Liquidity flows from operations reached 703 million francs after six months, up 4%.
The group has faced “strong opposite winds” in terms of currencies, added the CFO. She says she expects a “similar impact for the next two quarters”. The appreciation of the franc weighed up to 205 million francs at the end of June.
Control of customs duties
Another ball is the raw effect of American customs duties. It is estimated at 20 million francs on the operating profit (EBIT), “excluding climbing” which could occur from 1is August, a new deadline set by US President Donald Trump. The Lucernois group thinks that he could “curb the influence” of the surcharges, insisted the boss of the group which garnered a profit of 531 million francs mid-term, up 7.5%.
The company says it is confident to achieve its annual ambitions, aimed at a growth push excluding exchange effects capped within 5%, accompanied by an EBIT margin of approximately 12%.
For this, it counts on “improvements in operational efficiency, which are starting to monetize,” said the treasurer. The EBIT increased by 9.2% over six months to 675 million francs, for margin increased to 12.3% after 11.0%.
Management certainly observes “a decline in new facilities” in China, but believes that “business opportunities are in services and modernization” in the country, has assured finance chief. She does not see any change in the America area.
From January to June, ordering increased by 1.8% to 5.9 billion francs, while revenue lost 1.9% to 5.5 billion. The order book declined 3.4% to 8.0 billion compared to the end of December.
Vontobel believes that the group shows strong resilience, in a market environment marked by turbulence and distortions in terms of currencies.
Investors, they shunned the right schindler who closed down 1.1% to 296.20 francs, in a SLI index up 0.25%.
