SHLRF - Schindler Holding AG Bearer Participation Certificates (SHLAF) Q2 2024 Earnings Call Transcript

2024-07-19 18:37:07 ET

Schindler Holding AG Bearer Participation Certificates (SHLAF)

Q2 2024 Earnings Conference Call

July 19, 2024 4:00 AM ET

Company Participants

Lars Brorson - Head of Investor Relations

Silvio Napoli - Chairman and Chief Executive Officer

Paolo Compagna - Chief Operating Officer

Carla De Geyseleer - Chief Financial Officer

Conference Call Participants

Klas Bergelind - Citi

Daniela Costa - Goldman Sachs

Martin Husler - ZKB

Andre Kukhnin - UBS

James Moore - Redburn Atlantic

Elliot Robinson - Bank of America

Miguel Borrega - BNP Paribas

John Kim - Deutsche Bank

Andre Kukhnin - UBS

Nick Housden - RBC

Peter Manuel - Helvetische Bank

Presentation

Operator

Ladies and gentlemen, welcome to the Schindler Conference Call on Half-Year Results 2024 and Live Webcast. I am Sandra, the chorus call operator.

I would like to remind you that all participants have been in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. [Operator Instructions] The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Lars Brorson, Head of Investor Relations. Please go ahead, sir.

Lars Brorson

Thank you, Sandra. Good morning, ladies and gentlemen, and welcome to our first-half 2024 results conference call. Again, my name is Lars Brorson, I'm the Head of Investor Relations at Schindler. I'm here together with Silvio Napoli, our chairman and CEO; Paolo Compagna, our COO, and Carla De Geyseleer, our CFO.

Silvio will provide a brief overview of the key messages this quarter. Paolo will discuss our market outlook and our order intake in the quarter and in the first-half. And Carla will take us through the financials. After the presentation we’re happy to take your questions. We plan to close the call at 11 o'clock.

And with that I hand over to Silvio. Silvio, please go ahead.

Silvio Napoli

Thank you, Lars. Good morning everyone. At the start of the year, we set ourselves a clear ambition and I'm pleased to report that half year we are delivering on these commitments. We are delivering these commitments in spite of a contrasting market situation, where we see this reinforcing contrast between a robust service and actually fast growing MOD market against the mixed situation in NI markets. China is weak, Asia Pacific is largely as a result of the China continued downturn is soft. We see EMEA and America's stable overall. But then again, in those regions, we see strong markets in key countries like India, a region like the Middle East or Brazil coming back very strongly this year....

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