Schindler

Schindler has sold its German AI real-estate startup BuildingMinds to Zurich platform Lookthrough and in doing so becomes Lookthrough’s largest institutional shareholder. BuildingMinds will supply its AI data platform to the joint software company, which is said to have an institutional property dataset of more than 100,000 buildings across 64 countries. BuildingMinds will keep its brand and Berlin location; CEO Marek Sacha will stay through the transition and then move to the board. The transaction is expected to close in the fourth quarter of 2026. » More on finanzen.net

Schindler has been awarded the contract to fully renew 31 elevators in the General Motors Building in Manhattan and to install the destination dispatch system Schindler PORT to improve traffic management and safety. The company did not disclose the value of the contract. » More on finanzen.net

For Q2 2026 Schindler reported a revenue decline of 0.7% to CHF 2.74 billion, missing analysts’ expectations, after which the share fell about 5.8% to CHF 245. Order intake and EBIT were slightly above estimates; the EBIT margin for H1 rose to 13.2% and net profit to CHF 542 million. Management confirmed the full-year outlook (low- to mid-single-digit revenue growth in local currencies, EBIT margin around 13%) subject to unforeseen events. Analyst cuts to like-for-like growth forecasts due to weakness in China and selective dynamics in the US service business, along with the prospect of a possible mega-merger in the industry, weighed on the stock and drove it to a 52-week low. » More on de.investing.com