Ad-hoc | 16 February 2022 06:30


Growth and margin pressure

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

16-Feb-2022 / 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 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.

Press release (PDF)

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
nicole.wesch@schindler.com

Investor Relations
Marco Knuchel, Head Investor Relations
Tel. +41 41 445 30 61
marco.knuchel@schindler.com

Schindler Management Ltd.
Zugerstrasse 13
6030 Ebikon
Switzerland

Tel. +41 41 445 32 32
Fax +41 41 445 40 40
corporate.communications@schindler.com
group.schindler.com


End of ad hoc announcement
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: 1280973

End of Announcement EQS News Service

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