Q3 2019 Schindler Holding AG Selected Key Figures Call Transcript

Oct 24, 2019 / 08:00AM GMT
Operator

Ladies and gentlemen, welcome to the Schindler Conference Call on Q3 Results 2019. I'm Alessandro, the Chorus Call operator. (Operator Instructions) At this time, it's my pleasure to hand over to the CEO of Schindler. Mr. Oetterli, please go ahead.

Thomas Oetterli - Schindler Holding AG - CEO

Good morning, ladies and gentlemen, and welcome to the update on results as of September 30, 2019. My name is Thomas Oetterli, I'm the CEO of the Schindler Group, and I am here with Urs Scheidegger, the Group CFO, who will take us through the financial details later in the call.

We are pleased with the results achieved in the first 3 quarters of the year, maintaining growth momentum and sequentially improving profitability quarter-by-quarter in line with expectations. Please turn to Slide #2, which summarizes the highlights of the first 9 months of the year. Schindler was able to maintain growth momentum in order intake and revenue, despite currency headwinds. Order intake increased by 5.9% in local currency. The high level of major project wins continued still in

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