Schindler Hldg Ag Akt (SHLRF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Schindler conference call and live webcast on Q3 results 2025. I am Valentina, the chorus call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Lars Brorson, Head of Investor Relations. Please go ahead. Thank you, Valentina. And good morning, ladies and gentlemen. Welcome to our Q3 2025 results conference call. My name is Lars Brorson. I'm Head of Investor Relations at Shind. I'm here together with Paolo Campagna, our CEO. and Kalle De Geisler, our CFO. As usual, Paolo will discuss the highlights of our quarterly results and our market outlook, and Kalle will 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 in an hour's time. With that, I hand over to Paolo. Paolo, please go ahead. Good morning, everyone. I'm pleased to be back to report on our performance in Q3, And as Lars said, let me start by giving you some highlights on slide number three. Firstly, let me say that we continue to face some growth headwinds in major new installation markets around the world, particularly in China. I will share our order trends in more detail shortly. But before, let me remind what we discussed back in February. A key pillar to our strategy of profitable growth is the pricing discipline. And we demonstrated it again this quarter on a few major projects where the economics were just not con...