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Schindler Holding AG
Earnings Release • Apr 20, 2023
966_rns_2023-04-20_3063b566-f25b-4249-a519-f8bd538cf9d4.html
Earnings Release
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News Details
Ad-hoc | 20 April 2023 06:31
Staying the course
Schindler Holding AG / Key word(s): Quarter Results
20-Apr-2023 / 06:31 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Ad hoc announcement pursuant to Art. 53 LR
Key figures as of March 31, 2023
- New installation markets: weakening trend globally; uncertainty persists
- Order intake: decrease in New Installation reflecting weakening global markets; growth in Service
- Revenue: growth across all regions and product lines
- Operating profit: year-on-year improvement, both in absolute and relative terms
- EBIT and net profit: rebound supplemented by one-off real estate gain of CHF 26 million
- Change to the Group Executive Committee: CTO succession
In the first quarter of 2023, revenue increased by 6.2% to CHF 2 796 million, while order intake decreased by 8.7% to CHF 2 889 million. Operating profit reached CHF 282 million, corresponding to an EBIT margin of 10.1% (EBIT adjusted 9.7%). Net profit amounted to CHF 212 million, or CHF 186 million excluding the real estate gain, and cash flow from operating activities reached CHF 281 million.
About Schindler
The Schindler Group was founded in 1874 in Switzerland and is one of the leading global suppliers of elevators, escalators, and associated services. Every day, Schindler moves 1.5 billion people all over the world with its mobility solutions. This success is backed up by around 70,000 employees in more than 100 countries. Schindler has set itself the long-term, scientifically based emissions reduction target of achieving net-zero emissions along the entire value chain by 2040. This is to be achieved through a 90% absolute reduction in greenhouse gas emissions in scopes 1, 2, and 3 – starting from the base year 2020 – while simultaneously working to neutralize residual emissions.
More information
Katherine Lee | Head of External Communications
Phone +41 414 45 36 11 | Mobile +41 79 712 94 99
Marco Knuchel | Head Investor Relations
Phone +41 41 445 30 61 | [email protected]
Schindler Management Ltd.
Zugerstrasse 13
6030 Ebikon
Switzerland
Tel. +41 41 445 32 32
End of Inside Information
| Language: | English |
| Company: | Schindler Holding AG |
| Zugerstrasse 13 | |
| 6060 Ebikon | |
| Switzerland | |
| Phone: | +41414453060 |
| E-mail: | [email protected] |
| Internet: | www.schindler.com |
| ISIN: | CH0024638212, CH0024638196 |
| Valor: | 002463821 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1612255 |
| End of Announcement | EQS News Service |