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Schindler Holding AG
Earnings Release • Oct 20, 2022
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Earnings Release
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News Details
Ad-hoc | 20 October 2022 06:31
Initial recovery in revenue and profitability, order intake under pressure
Schindler Holding AG / Key word(s): 9 Month figures/Quarter Results
20-Oct-2022 / 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
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Measures implemented starting to pay off
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Revenue rebound in third quarter
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Profitability starting to recover
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Order intake under pressure
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Complex mix of challenges continues to be addressed
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Outlook confirmed
**In the third quarter of 2022, revenue increased by 5.6% to CHF 2 965 million. EBIT improved throughout the quarter and reached CHF 252 million. Order intake continued to be under pressure due to the declining Chinese market combined with the focus on margins to offset inflation.
In the first nine months of 2022, order intake decreased by 0.8% to CHF 8 967 million and revenue increased by 0.3% to CHF 8 310 million, while operating profit dropped to CHF 655 million, corresponding to an EBIT margin of 7.9% (EBIT adjusted 8.9%). Net profit amounted to CHF 481 million, and cash flow from operating activities reached CHF 376 million.**
About Schindler:
Founded in Switzerland in 1874, the Schindler Group is a leading global provider of elevators, escalators and related services. Schindler mobility solutions move more than 1.5 billion people every day all over the world. Behind the company's success are over 69 000 employees in more than 100 countries.
More information:
Nicole Wesch, Head Global Commmunications & Marketing
Tel. +41 41 445 50 90
Investor Relations
Marco Knuchel, Head Investor Relations
Tel. +41 41 445 30 61
Schindler Management Ltd.
Zugerstrasse 13
6030 Ebikon
Switzerland
Tel. +41 41 445 32 32
Fax +41 41 445 40 40
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: | 1467569 |
| End of Announcement | EQS News Service |