Ad hoc announcement pursuant to Art. 53 LR

Schindler Holding AG / Key word(s): 9 Month figures
Progressing on our agenda

17-Oct-2024 / 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

Key figures as of September 30, 2024

  • Service and Modernization markets robust; New Installations markets overall declining with pockets of growth
  • Growth in order intake across all regions, excluding China, led by Modernization and Service
  • Third quarter EBIT margin 11.7% and EBIT adjusted margin 12.6%, mainly driven by continued operational improvement
  • Cash flow from operating activities up 29%
  • Planned CHF 500 million share buyback program
  • On track to deliver on 2024 guidance

In the first nine months of 2024, order intake and revenue reached CHF 8 479 million and CHF 8 381 million, equivalent to a growth in local currencies of 2.4% and 1.8%, respectively. Operating profit increased to CHF 945 million, corresponding to an EBIT margin of 11.3%. The EBIT adjusted margin reached 11.8%. Net profit rose to CHF 748 million, corresponding to a net profit margin of 8.9%. Cash flow from operating activities increased by 29% to CHF 933 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 over 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
katherine.lee@schindler.com

Lars Brorson | Head of Investor Relations
Phone +41 414 45 40 36 | Mobile +41 79 543 38 74
lars.brorson@schindler.com

Schindler Management Ltd.
Zugerstrasse 13
6030 Ebikon
Switzerland 


End of Inside Information
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: 2010079

 
End of Announcement EQS News Service

2010079  17-Oct-2024 CET/CEST