Recovery in progress

Ad hoc announcement pursuant to Art. 53 LR

–  Order intake: reduction in New Installations, growth in Modernization and Service

–  Revenue and profit: recovery in the second half of the year

–  Dividend maintained at CHF 4.00

–  Outlook 2023: low single-digit revenue growth

In 2022, revenue increased by 1.0% to CHF 11 346 million, while order intake decreased by 1.7% to CHF 11 961 million. Operating profit reached CHF 904 million, corresponding to an EBIT margin of 8.0% (EBIT adjusted 9.2%). Net profit totaled CHF 659 million, and cash flow from operating activities reached CHF 688 million.

About Schindler 
The Schindler Group was founded in 1874 in Switzerland and is one of the leading global suppliers of elevators, escalators, and associated services. Every day, Schindler moves 1.5 billion people all over the world with its mobility solutions. This success is backed up by around 70,000 employees in more than 100 countries. Schindler has set itself the long-term, scientifically based emissions reduction target of achieving net-zero emissions along the entire value chain by 2040. This is to be achieved through a 90% absolute reduction in greenhouse gas emissions in scopes 1, 2, and 3 – starting from the base year 2020 – while simultaneously working to neutralize 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
Tel. +41 41 445 30 61
marco.knuchel@schindler.com