(CercleFinance.com) – Otis publishes adjusted EPS for the last three months of 2021 up 9.1% to 72 cents, despite an adjusted operating profit margin remaining stable compared to the financial year previous, at 14.6%.
At nearly $3.6 billion, the elevator maker’s revenue increased 2.2%, with organic sales up 2.8%, including organic growth of 1.2% in new equipment and 4% in services.
Posting for the whole of 2021 an adjusted EPS of 3.01 dollars and an organic turnover growing by 8.9%, Otis is targeting for the year 2022 an adjusted EPS of 3.20 to 3.30 dollars with an increase in organic sales of 2.5 to 4.5%.
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