Ad hoc announcement pursuant to Art. 53 LR
- Service and Modernization markets robust; persisting challenges in New Installation markets
- Growth in order intake and revenue in local currencies
- EBIT margin 11.0%, EBIT adjusted margin 11.4%; six consecutive quarters of margin improvement
- Solid improvement in cash flow from operating activities: up 30%
- Successful product introductions: new standardized modular platform gaining traction; new US mid-rise product launched
- 2024 guidance confirmed
In the first six months of 2024, order intake and revenue reached CHF 5 768 million and
CHF 5 593 million, equivalent to a growth in local currencies of 1.0% and 1.4%, respectively. Operating profit increased to CHF 618 million, corresponding to an EBIT margin of 11.0%. The EBIT adjusted margin reached 11.4%. Net profit rose to CHF 494 million, corresponding to a net profit margin of 8.8%. Cash flow from operating activities increased by 30% to CHF 676 million.
About Schindler
Founded in Switzerland in 1874, the Schindler Group is a leading global provider of elevators, escalators and related services. Schindler’s mobility solutions move more than 2 billion people every day all over the world. Behind the company's success are over 70,000 employees in more than 100 countries. Schindler is committed to reaching net-zero emissions by 2040 through a 90% absolute reduction of its greenhouse gas emissions in scope 1, 2 and 3 from a 2020 baseline as its long-term science-based emission reduction target, while working to neutralize its residual emissions.
Schindler Management Ltd.
Zugerstrasse 13
6030 Ebikon
Switzerland