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Schindler Holding AG
Earnings Release • Feb 16, 2022
966_rns_2022-02-16_37548152-8b68-4467-954d-59c577ede35a.html
Earnings Release
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News Details
Ad-hoc | 16 February 2022 13:46
Growth and margin pressure
Schindler Holding AG / Key word(s): Annual Results
16-Feb-2022 / 13:46 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
[CORRECTS TO ADD TO OUTLOOK 2022 ON PAGE 3 OF PRESS RELEASE: ‘ with margin pressure to continue. For the first and second quarter 2022, Schindler expects slow revenue growth and a significant drop in profitability. ‘]
- Order intake and revenue back to 2019 pre-pandemic levels
- Operating results affected by price pressure, supply chain issues, material and freight cost inflation
- Solid cash flow from operating activities
- Top Speed 23 program in execution phase
- New leadership set-up in place to accelerate execution of strategic priorities
**A mix of challenges, including price pressure, supply chain disruptions, electronics shortages, and material and freight cost inflation, impacted Schindler’s business in 2021. Order intake increased by 10.4% to CHF 12 166 million and revenue increased by 5.6% to CHF 11 236 million, operating profit reached CHF 1 166 million, corresponding to an EBIT margin of 10.4% (EBIT adjusted 11.1%). Net profit amounted to CHF 881 million, and cash flow from operating activities reached
CHF 1 314 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 65,000 employees in more than 100 countries.
More information:
Nicole Wesch, Head Global Communications
Tel. +41 41 445 50 90
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
group .schindler.com
End of ad hoc announcement
| 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: | 1281366 |
| End of Announcement | EQS News Service |