Q1 2019 Schindler Holding AG Corporate Sales Call Transcript
Ladies and gentlemen, welcome to the Schindler key figures for the first quarter 2019 conference call. I am Alice, the Chorus Call operator. (Operator Instructions) The presentation is being recorded. (Operator Instructions) The conference must not be recorded for publication or for broadcast. At this time, it's my pleasure to hand over to Thomas Oetterli, Chief Executive Officer. Please go ahead, sir.
Thank you, and good morning, ladies and gentlemen, and welcome to today's first quarter 2019 results conference call. My name's Thomas Oetterli. I'm the CEO of the Schindler Group and I'm here together with Urs Scheidegger, the group CFO, who will take us through the financial details and the outlook for 2019 later during the call. Schindler began the year, again, by delivering solid growth and the level of EBIT achieved was according to our expectations. Higher costs and the planned increase in expenditure on strategic projects could only partially be compensated in the first quarter. However, short-term headwinds will
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