Switzerland · Delayed Price · Currency is CHF Schindler Holding AG Earnings Call Transcripts
Fiscal Year 2026
-
Q1 2026 saw continued operational momentum with 1.7% revenue growth and a 13% operating margin, despite FX headwinds and cost inflation. Modernization led with 15% growth, while new installations lagged due to China. Full-year guidance for low-to-mid single-digit growth and strong cash conversion is maintained.
Fiscal Year 2025
-
Operational recovery completed in 2025 with EBIT margin at 12.6% and strong cash flow. Modernization and service segments drove growth, while new installations declined due to China. 2026 guidance targets 13% EBIT margin and continued double-digit modernization growth.
-
Q3 saw strong margin expansion and robust modernization growth, offsetting revenue headwinds from China and FX impacts. Full-year EBIT margin guidance was raised to 12.5%, with modernization and service driving backlog growth, while new installations remain pressured by China.
-
Organic order growth returned, led by modernization and service, while revenue growth was muted due to China new installations decline. Margins improved on efficiency gains, with strong cash flow and a stable outlook, though restructuring and tariff risks remain.
-
Q1 2025 delivered 6% order growth and a 2.5% revenue increase, with EBIT margin up to 12% and strong cash flow. Modernization and Service segments led growth, while New Installation lagged in China and the Americas. 2025 guidance is maintained despite tariff and FX headwinds.
Fiscal Year 2024
-
Record net profit and strong cash flow in 2024 were driven by service and modernization growth, margin improvement, and efficiency gains, despite significant headwinds in China. 2025 guidance targets further margin expansion and continued focus on operational excellence.
-
Q3 2024 saw continued EBIT margin expansion, strong modernization and service growth, and robust cash flow, despite FX headwinds and China NI weakness. A CHF 500 million share buyback and higher dividend payout were announced, with 2024 guidance reaffirmed.
-
Profitability and margins improved for H1 2024, with EBIT margin at 11% and net profit up 7% year-over-year. Modernization and service segments showed robust growth, offsetting declines in China new installations, while guidance for low single-digit revenue growth and 11% EBIT margin was reaffirmed.