Schindler Holding AG / Key word(s): Annual Results Improving operating performance and increasing profitability 14-Feb-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 Annual Results 2023
For the full year 2023, amidst challenging markets, both order intake and revenue increased to CHF 11 439 million and CHF 11 494 million, respectively. In local currencies the growth was 1.7% and 7.4%. Operating profit increased to CHF 1 188 million corresponding to an EBIT margin of 10.3%. The EBIT adjusted margin reached 10.9%, up from 9.2% in 2022. Net profit rose significantly to CHF 935 million, corresponding to a net profit margin of 8.1%. Cash flow from operating activities increased by 84.7% to CHF 1 271 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 Marco Knuchel | Head Investor Relations Phone +41 41 445 30 61 marco.knuchel@schindler.com Schindler Management Ltd. Zugerstrasse 13 6030 Ebikon Switzerland Tel. +41 41 445 32 32 corporate.communications@schindler.com group.schindler.com 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: | 1836679 |
End of Announcement | EQS News Service |
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1836679 14-Feb-2024 CET/CEST