Schindler Hldg Ag Akt (SHLRF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

And good morning, everybody. And welcome to our first quarter 2025 results conference call. My name is Lars Borson. I'm head of investor relations at Schindler. I'm here together with Paolo Campagna, our CEO, and Carla De Geisler, our CFO. Paolo will discuss our highlights of the Q1 results and our 2025 market outlook. And Carla will then take us through the financials. After the presentation, we're happy to take your questions. We plan to close the call at 11 o'clock. And with that, I hand over to Paulo. Paulo, please go ahead. Good morning, everyone. I am pleased to be back to report on our performance in Q1, which I think is another quarter we can be proud of. Let me start by giving you some highlights on slide number three, as well as touch on some of the external challenges we are facing currently. First, Our top line development this quarter was encouraging. Our order growth accelerated to 6%, which is a growth level we haven't seen for almost two years, actually since Q2 23. Carla will give you more detail shortly, but I'm pleased that as a service company, we continue to deliver solid growth in our service and modernization business. In particular, Mott had a strong quarter, with close to 20% growth. But it is also worth noting that our new installations orders grew this quarter in value terms by 1%, despite the headwinds in China. I'm particularly pleased that we grew our any order intake by high single digit in EMEA in the quarter, as we now start to see evidence of the impact the rollout of the new model platform is having. Revenue growth returned to positive this quarter with growth across all our regions, with exception of China. And I was particularly pleased to see mod revenue growth for the group accelerated to double digits in the quarter as we execu...