Robust start to 2025 despite market uncertainty

Ad hoc announcement pursuant to Art. 53 LR

• Order intake and revenue: organic growth across all regions except China
• Sustained operational improvement: EBIT reported margin 12.0%
• Net profit: CHF 257m, 9.4% of revenue
• Cash flow from operating activities: CHF 540m
• Continued innovation focus: Schindler X8 launched
• 2025 guidance reiterated: low single-digit revenue growth in local currencies;
  EBIT reported margin ~12%

For the first quarter of 2025, order intake and revenue reached CHF 2 947 million and
CHF 2 732 million, equivalent to a growth in local currencies of 6.0% and 2.5%, respectively. Operating profit increased to CHF 329 million corresponding to an EBIT margin of 12.0%. The EBIT adjusted margin reached 12.2%. Net profit rose to CHF 257 million, corresponding to a net profit margin of 9.4%. Cash flow from operating activities increased by 6.5% to CHF 540 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 69,000 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

Lars Brorson | Head Investor Relations
Phone +41 41 445 40 36
lars.brorson@schindler.com