Elevators Schindler with slightly more orders and profit after nine months
Although elevator and escalator manufacturer Schindler generated less turnover in the first nine months of the year, it received slightly more orders and improved its profitability. Management has slightly raised its margin target for the year as a whole.
24.10.2025, 06:54
SDA
From January to September, turnover fell by 2.7 percent to 8.16 billion Swiss francs, as the Central Swiss group announced on Friday. The strong Swiss franc had a negative impact on revenue. Foreign currency effects cost 294 million francs in sales.
Adjusted operating profit EBIT climbed by 9.1 percent to 1.08 billion francs. The operating margin improved to 13.2 percent from 11.8 percent in the previous year. The figures do not include certain items such as restructuring costs and additional expenses for the Building Minds program.
If these are taken into account, EBIT rose by 8.1% to CHF 1.02 billion. At the bottom line, net profit improved by 6.4 percent to 796 million francs.
The basis for future results has also improved. Orders received rose slightly by 0.1 percent to 8.52 billion Swiss francs.
With these figures, Schindler fell slightly short of analysts' expectations in terms of orders received and sales, but exceeded them in terms of EBIT and net profit.
In its outlook, Schindler slightly adjusted its forecast for 2025: Schindler now expects an EBIT margin of around 12.5 percent for the 2025 financial year (previously: 12 percent) and continues to anticipate revenue growth in the low single-digit range in local currencies. In the medium term, Schindler is still aiming for an EBIT margin of 13 percent.
