Schindler Holding AG

Report Publication Announcement • Feb 17, 2021

News Details

Ad-hoc | 17 February 2021 06:30

Resilience and innovation in adversity

Schindler Holding AG / Key word(s): Annual Results

17-Feb-2021 / 06:30 CET/CEST

Release of an ad hoc announcement pursuant to Art. 53 KR

The issuer is solely responsible for the content of this announcement.

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• Order intake decreased 3.2% in local currencies after the construction sector contracted in some key markets as a consequence of the global pandemic
• Cash flow from operating activities increased by 33.4%, reaching CHF 1 581 million
• Total restructuring costs reached CHF 135 million for the year
• Foreign currency effects substantially weighed on results
• New modular elevator platform launched worldwide with customer feedback above expectations

The COVID-19 pandemic has confronted the world with unprecedented challenges and had significant impacts on Schindler’s business in 2020. Order intake decreased by 9.1% to CHF 11 018 million and revenue dropped by 5.6% to CHF 10 640 million, operating profit reached CHF 1 032 million, corresponding to an EBIT margin of 9.7% (EBIT adjusted 11.1%). Net profit amounted to CHF 774 million, and cash flow from operating activities increased to CHF 1 581 million.

Press release (PDF)

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End of ad hoc announcement

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Language:	English
Company:	Schindler Holding AG
	Zugerstrasse 13
	6060 Ebikon
	Switzerland
Phone:	+41414453060
E-mail:	corporate.communications@schindler.com
Internet:	www.schindler.com
ISIN:	CH0024638212, CH0024638196
Valor:	002463821
Listed:	SIX Swiss Exchange
EQS News ID:	1168860

End of Announcement	EQS Group News Service