Schindler Quarterly Sales Fall on Currency Headwinds
The Swiss lift maker reported a five percent drop in sales to 2.59 billion francs. This result missed analyst estimates due to significant foreign exchange impacts.
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SCHINDLER HOLDING AG-REG, the prominent elevator and escalator manufacturer based in Switzerland, reported a decline in its first-quarter financial performance on Wednesday. The company attributed the downturn primarily to significant foreign exchange headwinds that impacted its global operations.
