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By Reuters Staff (Adds additional details, CEO quote) Feb 17 (Reuters) - Swiss elevator and escalator manufacturer Schindler expects its 2021 revenue to grow in a range of 0% to 5%, after posting fourth-quarter earnings slightly above estimates as an economic recovery in China offset pandemic hit and foreign currency effects. The company said on Wednesday net profit reached 226 million Swiss francs ($253 million) in the October-December period, beating the average analyst expectations of 222 million francs in a company-provided poll. “We introduced a series of measures to enhance our competitiveness, as some of the key markets have been experiencing a contraction and are not likely to return to 2019 levels before 2022 at the very earliest,” Chief Executive Officer Thomas Oetterli said.

Thomas oetterliElizaveta gladunBartosz dabrowskiThomson reuters trust principlesExecutive officer thomas oetterliThomson reuters trustResults update 1Asia pacificCorporate eventsCentral eastern europeCompany newsChina prcEast asiaElevator amp conveying equipment trbc level 5Emerging market countriesContent produced in gdynia