Press release April 23, 2026
Operational momentum continues in 2026
- Operational improvement: EBIT reported margin increased to 13.0%
- Net profit: CHF 262 million, increased to 10.1% of revenue
- Cash flow from operating activities: CHF 532 million
- Foreign exchange: significant headwinds
- 2026 guidance: confirmed
"Despite a volatile macro environment, we remain committed to our strategic agenda of accelerating profitable growth and are encouraged by the traction our new products and solutions are gaining with customers," said Paolo Compagna, Schindler CEO. "In the first quarter, we maintained strong operational momentum, driving margin expansion with operating cash flow at a high level."
Order intake and order backlogOrder intake reached CHF 2 826 million (previous year: CHF 2 947 million), corresponding to a year-on-year decline of 4.1% and growth of 2.8% in local currencies. Foreign exchange headwinds had a negative impact of CHF 204 million. New Installations order growth was stable despite the headwinds in China, while Modernization grew strongly, and Service continued to grow at a steady pace.
As of March 31, 2026, the order backlog was CHF 8 052 million (previous year: CHF 8 342 million), corresponding to a year-on-year decline of 3.5% and growth of 2.5% in local currencies.
RevenueRevenue reached CHF 2 593 million (previous year: CHF 2 732 million), corresponding to a year-on-year decline of 5.1% and growth of 1.7% in local currencies. Foreign exchange headwinds had a negative impact of
CHF 184 million. Revenue grew in local currencies in all regions except China.
Operating profit (EBIT)Operating profit reached CHF 337 million (previous year: CHF 329 million), corresponding to an EBIT margin of 13.0% (previous year: 12.0%). The adjusted EBIT margin reached 13.2% (previous year: 12.2%), driven primarily by operational efficiencies, pricing effects, and changes in the product mix.
Net profitNet profit increased to CHF 262 million, up from the previous year's result of CHF 257 million. The net profit margin amounted to 10.1% (previous year: 9.4%).
Cash flow from operating activitiesCash flow from operating activities reached CHF 532 million (previous year: CHF 540 million), corresponding to a decline of 1.5%, mainly driven by a lower contribution from net working capital.
ESG Award at MIPIMSchindler received an ESG Award at MIPIM 2026, one of the world's largest real estate trade fairs, for a pilot project featuring an elevator made from low carbon-emissions steel. This recognition underscores Schindler's ambition in developing sustainable, future-oriented solutions.
2026 guidance confirmedFor 2026, barring any unexpected events, Schindler expects low- to mid-single-digit revenue growth in local currencies and a reported EBIT margin of 13%.
For further information:Katherine Lee, Head External Communications
Tel. +41 41 445 36 11, katherine.lee@schindler.com
Lars Brorson, Head Investor Relations
Tel. +41 41 445 40 36, lars.brorson@schindler.com group.schindler.com
Dial-in details for today's webcast and conference call at 10:00 am CET are available at: group.schindler.com/en/investor-relations/events.html.
Key figures 1st quarter: January to March | ||||
In CHF million 2026 | 2025 | Δ % | Δ % local currencies | |
Order intake 2 826 | 2 947 | -4.1 | 2.8 | |
Revenue 2 593 | 2 732 | -5.1 | 1.7 | |
Operating profit (EBIT) 337 | 329 | 2.4 | 9.4 | |
in % 13.0 | 12.0 | |||
Operating profit (EBIT), adjusted 343 1 | 333 2 | 3.0 | 9.9 | |
in % 13.2 | 12.2 | |||
Financing and investing activities 4 | -4 | |||
Profit before taxes 333 | 325 | 2.5 | ||
Income taxes 71 | 68 | |||
Net profit 262 | 257 | 1.9 | ||
Earnings per share and participation certificate in CHF 2.34 | 2.26 | 3.5 | ||
Cash flow from operating activities 532 | 540 | -1.5 | ||
Investments in property, plant, and equipment 46 | 18 | 155.6 | ||
31.03.2026 | 31.12.2025 | |||
Order backlog 8 052 | 7 806 | 3.1 | 3.0 | |
Number of employees 67315 | 67 381 | -0.1 | ||
1 Adjusted for restructuring costs (CHF 3 million), and expenses for BuildingMinds (CHF 3 million) 2 Adjusted for expenses for BuildingMinds (CHF 4 million) | ||||
In CHF million | 31.03.2026 | % | 31.12.2025 | % | 31.03.2025 | % | ||||||
Cash and cash equivalents | 2 160 | 18.2 | 2 304 | 19.6 | 2 462 | 20.4 | ||||||
Other current assets | 6 150 | 51.7 | 5 950 | 50.8 | 5 935 | 49.2 | ||||||
Total current assets | 8 310 | 69.9 | 8 254 | 70.4 | 8 397 | 69.6 | ||||||
Non-current assets | 3 581 | 30.1 | 3 468 | 29.6 | 3 675 | 30.4 | ||||||
Total assets | 11 891 | 100.0 | 11 722 | 100.0 | 12 072 | 100.0 | ||||||
Current liabilities | 6 235 | 52.4 | 5 487 | 46.8 | 6 349 | 52.6 | ||||||
Non-current liabilities | 1 089 | 9.2 | 1 088 | 9.3 | 1 125 | 9.3 | ||||||
Total liabilities | 7 324 | 61.6 | 6 575 | 56.1 | 7 474 | 61.9 | ||||||
Equity | 4 567 | 38.4 | 5 147 | 43.9 | 4 598 | 38.1 | ||||||
Total liabilities and equity | 11 891 | 100.0 | 11 722 | 100.0 | 12 072 | 100.0 |
2026 | 2025 | ||||||||||
Closing rate | Average rate | Closing rate | Average rate | ||||||||
March 31 | March 31 | December 31 | March 31 | ||||||||
Eurozone | EUR | 1 | 0.92 | 0.92 | 0.93 | 0.94 | |||||
USA | USD | 1 | 0.80 | 0.78 | 0.79 | 0.90 | |||||
Brazil | BRL | 100 | 15.21 | 14.87 | 14.46 | 15.19 | |||||
China | CNY | 100 | 11.56 | 11.31 | 11.35 | 12.35 | |||||
India | INR | 100 | 0.84 | 0.85 | 0.88 | 1.04 |
The key figures comprise certain non-GAAP measures that are not defined by International Financial Reporting Standards (IFRS). The Group's definitions of these non-GAAP items are available at: group.schindler.com - Investors - Results - Non-GAAP definitions
(group.schindler.com/en/investor-relations/results/definition-on-non-gaap-items.html).
Schindler Group - Key figures as of March 31, 2026 Page |