AI Terminal
Schindler Holding AG
Earnings Release • Apr 22, 2022
966_rns_2022-04-22_ac027290-553a-453a-9e2a-d12799b9d57f.html
Earnings Release
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 22 April 2022 06:29
Challenging start to the year
Schindler Holding AG / Key word(s): Quarter Results
22-Apr-2022 / 06:29 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
-
Operating results heavily affected by aggravated supply chain issues, cost inflation, lockdowns and market contraction in China
-
Growth in order intake and revenue
-
Sharpened focus to offset inflation by increasing prices, streamlining product offering and driving efficiency
-
Further streamlining of senior leadership set-up
In the first quarter of 2022, Schindler’s business continued to be affected by an unprecedented mix of challenges, particularly supply chain disruptions, rising inflation, and lockdowns in China, where the market contracted even further. Order intake rose by 7.7% to CHF 3 164 million and revenue increased by 1.2% to CHF 2 632 million, while operating profit dropped to CHF 211 million, corresponding to an EBIT margin of 8.0% (EBIT adjusted 9.0%). Net profit amounted to CHF 144 million, and cash flow from operating activities reached CHF 286 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 Communications
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 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: | 1332593 |
| End of Announcement | EQS News Service |