Initial recovery in revenue and profitability, order intake under pressure

Ad hoc announcement pursuant to Art. 53 LR

• Measures implemented starting to pay off
• Revenue rebound in third quarter  
• Profitability starting to recover
• Order intake under pressure 
• Complex mix of challenges continues to be addressed
• Outlook confirmed

In the third quarter of 2022, revenue increased by 5.6% to CHF 2 965 million. EBIT improved throughout the quarter and reached CHF 252 million. Order intake continued to be under pressure due to the declining Chinese market combined with the focus on margins to offset inflation.
In the first nine months of 2022, order intake decreased by 0.8% to CHF 8 967 million and revenue increased by 0.3% to CHF 8 310 million, while operating profit dropped to CHF 655 million, corresponding to an EBIT margin of 7.9% (EBIT adjusted 8.9%). Net profit amounted to CHF 481 million, and cash flow from operating activities reached CHF 376 million. 

Press release (PDF)

About Schindler: 
Founded in Switzerland in 1874, the Schindler Group is a leading global provider of elevators, escalators and related services. Schindler mobility solutions move more than 1.5 billion people every day all over the world. Behind the company's success are over 69 000 employees in more than 100 countries.  

More information:
Nicole Wesch, Head Global Commmunications & Marketing
Tel. +41 41 445 50 90
nicole.wesch@schindler.com

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