(Reuters) – Swiss elevator and escalator manufacturer Schindler reported on Wednesday a 15% drop from a year earlier in its fourth-quarter earnings citing a mix of challenges in 2021, including supply chain disruptions, electronics shortages, and material and freight cost inflation.
Quarterly net profit came in at 192 million Swiss francs ($208 million), beating the analysts’ estimates of 184 million francs.
The company expects its 2022 revenues to grow in the range of 1% to 6%.
($1 = 0.9253 Swiss francs)
(Reporting by Bartosz Dabrowski in Gdansk; Editing by Tom Hogue)
