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Schindler reports encouraging growth for the first half of 2021

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Schindler Holding AG / Key word(s): Quarterly / Interim Statement

23-Jul-2021 / 06:29 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

For the first half of 2021 and compared to a weak prior-year period, order intake rose by 12.8% to CHF 6 043 million and revenue increased by 10.4% to CHF 5 475 million. Operating profit reached CHF 607 million, corresponding to an EBIT margin of 11.1% (EBIT adjusted 11.7%). With these results, revenue and operating results broadly reached pre-pandemic levels, while order intake remained slightly below 2019 levels. Net profit amounted to CHF 455 million and cash flow from operating activities improved to CHF 721 million. The Top Speed 23 program has been ramping up with expenses starting to arise in the second half of the year and beyond.

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 65,000 employees in more than 100 countries.

More information:

Nicole Wesch, Head Global Communications
Tel. +41 41 445 50 90
nicole.wesch@schindler.com

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

Schindler Management Ltd.
Zugerstrasse 13
6030 Ebikon
Switzerland

Tel. +41 41 445 32 32
Fax +41 41 445 40 40
corporate.communications@schindler.com
www.schindler.com


End of ad hoc announcement

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:

1221169


 

End of Announcement

EQS Group News Service

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