Otis: further raises FY targets

(CercleFinance.com) - Lift maker Otis says that it is raising its outlook for FY 2021, now expecting adjusted EPS of 2.
89 to 2.93 dollars, up 15% to 16%, along with revenues of 14.1 to 14.2 billion dollars, up 10.5% to 11% (+7.5 to 8% organically).

The group reported Q2 adjusted EPS that is up 41.1% to 0.79 dollar, as well as an operating margin that improved by 40 basis points to 15.5%, for revenues that are up by 22.2% at 3.7 billion dollars, including organic growth of +15.4%.


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