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Schindler Holding AG
Earnings Release • Oct 19, 2023
966_rns_2023-10-19_244f7cf7-17cb-43eb-b344-ccefd723fe08.html
Earnings Release
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News Details
Ad-hoc | 19 October 2023 06:30
On track to deliver
Schindler Holding AG / Key word(s): Quarter Results
19-Oct-2023 / 06:30 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
- Order intake and revenue: growth despite challenging construction markets
- Operating profit Q3: EBIT margin 10.3%, adjusted EBIT margin 11.1%, significant year-on-year increase
- Net profit and earnings per share: significantly up
- Cash flow from operating activities: year-on-year uptake driven by improved operational performance
- Balanced global footprint limiting exposure to China’s construction downturn
- Strong foreign exchange headwinds
- Sharpened outlook for full year 2023
In the first nine months of 2023, both order intake and revenue increased in local currencies by 1.7% and 8.5% respectively to CHF 8 595 million and CHF 8 534 million despite a challenging market environment. Operating profit increased by 44.1% to CHF 892 million, corresponding to an EBIT margin of 10.5%. Net profit substantially improved to CHF 691 million, corresponding to a net profit margin of 8.1%. Cash flow from operating activities increased by 92.6% to CHF 724 million.
About Schindler
Founded in Switzerland in 1874, the Schindler Group is a leading global provider of elevators, escalators and related services. Schindler’s mobility solutions move more than 2 billion people every day all over the world. Behind the company's success are around 70,000 employees in more than 100 countries. Schindler is committed to reaching net-zero emissions by 2040 through a 90% absolute reduction of its greenhouse gas emissions in scope 1, 2 and 3 from a 2020 baseline as its long-term science-based emission reduction target, while working to neutralize its 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
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: | 1752255 |
| End of Announcement | EQS News Service |