Progressing on our agenda
17.10.2024 - 06:30:18Progressing on our agenda. Schindler Holding AG / CH0024638212
| Schindler Holding AG / Key word(s): 9 Month figures 17-Oct-2024 / 06:30 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 LR Key figures as of September 30, 2024 Service and Modernization markets robust; New Installations markets overall declining with pockets of growth Growth in order intake across all regions, excluding China, led by Modernization and Service Third quarter EBIT margin 11.7% and EBIT adjusted margin 12.6%, mainly driven by continued operational improvement Cash flow from operating activities up 29% Planned CHF 500 million share buyback program On track to deliver on 2024 guidance In the first nine months of 2024, order intake and revenue reached CHF 8 479 million and CHF 8 381 million, equivalent to a growth in local currencies of 2.4% and 1.8%, respectively. Operating profit increased to CHF 945 million, corresponding to an EBIT margin of 11.3%. The EBIT adjusted margin reached 11.8%. Net profit rose to CHF 748 million, corresponding to a net profit margin of 8.9%. Cash flow from operating activities increased by 29% to CHF 933 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 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 Lars Brorson | Head of Investor Relations Phone +41 414 45 40 36 | Mobile +41 79 543 38 74 lars.brorson@schindler.com Schindler Management Ltd. Zugerstrasse 13 6030 Ebikon Switzerland End of Inside Information |
| Language: | English |
| Company: | Schindler Holding AG |
| Zugerstrasse 13 | |
| 6060 Ebikon | |
| Switzerland | |
| Phone: | +41414453060 |
| E-mail: | corporate.communications@schindler.com |
| Internet: | www.schindler.com |
| ISIN: | CH0024638212, CH0024638196 |
| Valor: | 002463821 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 2010079 |
| End of Announcement | EQS News Service |
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