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Schindler Holding's (SHLAF) CEO Thomas Oetterli on Q1 2021 Results - Earnings Call Transcript

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Schindler Holding AG Bearer Participation Certificates (OTCPK:SHLAF) Q1 2021 Earnings Conference Call April 30, 2021 4:00 AM ET

Company Participants

Marco Knuchel – Head of Investor Relations

Thomas Oetterli – Chief Executive Officer

Urs Scheidegger – Chief Financial Officer

Conference Call Participants

Andre Kukhnin – Credit Suisse

Martin Flueckiger – Kepler Cheuvreux

Andrew Wilson – JPMorgan

James Moore – Redburn

Daniela Costa – GS

Singh Madhvendra – Bank of America

Daniel Gleim – Stifel

Rizk Maidi – Jefferies

Patrick Rafaisz – UBS

Lars Brorson – Barclays


Ladies and gentlemen, welcome to the Schindler's Conference Call on Q1 Results 2021. I am Sandra, the Chorus Call operator. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Marco Knuchel, Head of Investor Relations. Please go ahead, sir.

Marco Knuchel

Good morning, ladies and gentlemen, and welcome to our first call to 2021 results conference call. My name is Marco Knuchel; I'm heading the Investor Relations at Schindler. I'm here together with Thomas Oetterli, CEO of the Schindler Group; and Urs Scheidegger, our CFO. As usual, Thomas will set the theme and summarize the first quarter and also then lead us through the financials. After the presentation, we are happy to take your questions. I would like to ask you to limit your questions to two questions only. Thank you very much.

With that I would like to hand over to Thomas. Thomas, please go ahead.

Thomas Oetterli

Thank you, Marco. Good morning, ladies and gentlemen, and a warm welcome from me, too. Before we take a closer look at our quarter one 2021 results, I would like to highlight the factors that continue to impact our business. I think we are facing a unique environment at the moment. Geopolitical uncertainties, slowing global trade, a volatile economic recovery underpinned with historically low

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