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.
Schindler Management Ltd.
Zugerstrasse 13
6030 Ebikon
Switzerland
