On track to deliver

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
katherine.lee@schindler.com

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