Schindler lowers annual U.S. tariff impact estimate to 18 million francs
The Swiss lift maker reduced its expected annual tariff impact from 33 million to 18 million francs. This follows a drop in U.S. import rates late last year.
Insights:
Schindler Holding AG has announced that Schindler cuts estimate of annual U.S. tariff impact to 18 million Swiss francs, down from an earlier estimate of 33 million Swiss francs. The company noted that the revision reflects the easing effect after the tariff rate in the US 
US was cut from 39% to 15% in November, which subsequently alters the company’s expected earnings hit.
US was cut from 39% to 15% in November, which subsequently alters the company’s expected earnings hit.
