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Schindler Holding Q1 profit climbs 5.2% YOY

Schindler Holding AG said its first-quarter normalized net income came to CHF1.17 per share, compared with the S&P Capital IQ consensus estimate of CHF1.23 per share.

EPS rose year over year from CHF1.12.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was CHF138.8 million, a gain of 5.2% from CHF131.9 million in the year-earlier period.

The normalized profit margin climbed to 6.5% from 6.4% in the year-earlier period.

Total revenue increased year over year to CHF2.14 billion from CHF2.05 billion, and total operating expenses increased year over year to CHF1.92 billion from CHF1.84 billion.

Reported net income grew 5.0% year over year to CHF168.0 million, or CHF1.42 per share, from CHF160.0 million, or CHF1.36 per share.