Schindler Holding Ltd.SIX: SCHN

Q3-2025 Press Release

· Issued by Schindler Holding Ltd.
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‌Ad hoc announcement pursuant to Art. 53 LR Key figures as of September 30, 2025‌‌

Press release October 24, 2025

Progress on strategic priorities yielding results

  • Order intake and revenue: organic growth driven by Modernization and Service
  • Sustained operational improvement: EBIT reported margin 12.5%
  • Net profit: CHF 796 million, 9.8% of revenue
  • Cash flow from operating activities: CHF 967 million, up 3.6%
  • 2025 guidance revised: EBIT reported margin ~12.5% (previous: ~12%)
  • Pioneering low carbon-emissions steel elevator
For the first nine months of 2025, order intake and revenue reached CHF 8 524 million and CHF 8 155 million, equivalent to a growth in local currencies of 3.8% and 0.8%, respectively. Operating profit increased to CHF 1 022 million, corresponding to an EBIT margin of 12.5%. The EBIT adjusted margin reached 13.2%. Net profit rose to CHF 796 million, corresponding to a net profit margin of 9.8%. Cash flow from operating activities increased to CHF 967 million.

"We continued to make good progress in executing our strategic agenda and are encouraged by the operational improvement during the first three quarters of the year. With standardized Modernization solutions, we've been driving growth and have enhanced our competitiveness," said Paolo Compagna, Schindler CEO. "Reflecting on our commitment to help decarbonize cities, we can now offer a low carbon-emissions steel elevator, supporting our customers in reaching their emission reduction targets."

Order intake and order backlog1

In the first nine months of 2025, order intake reached CHF 8 524 million (previous year: CHF 8 512 million), corresponding to a year-on-year growth of 0.1% and 3.8% in local currencies. Foreign exchange headwinds had a negative impact of CHF 314 million. New Installations order growth was negative, driven by continued headwinds in China, whilst Modernization grew strongly, and Service continued to grow at a steady pace.

In the third quarter of 2025, order intake reached CHF 2 638 million (previous year: CHF 2 728 million), corresponding to a year-on-year decline of 3.3% and growth of 0.7% in local currencies.

As of September 30, 2025, the order backlog was CHF 7 999 million (previous year: CHF 8 258 million), corresponding to a year-on-year decline of 3.1% and growth of 1.5% in local currencies.

1 2024 order intake and backlog are restated due to Group-wide harmonization of order intake recognition criteria in 2025.

‌Revenue‌‌‌‌‌‌

In the first nine months of 2025, revenue reached CHF 8 155 million (previous year: CHF 8 381 million), corresponding to a year-on-year decline of 2.7% and a growth of 0.8% in local currencies. Foreign exchange headwinds had a negative impact of CHF 294 million. Revenue declined in New Installations but grew in Modernization and Service.

In the third quarter of 2025, revenue reached CHF 2 668 million (previous year: CHF 2 788 million), corresponding to a year-on-year decline of 4.3% and 0.5% in local currencies.

Operating profit (EBIT)

In the first nine months of 2025, operating profit reached CHF 1 022 million (previous year: CHF 945 million), corresponding to an EBIT margin of 12.5% (previous year: 11.3%). The EBIT adjusted margin reached 13.2% (previous year: 11.8%), driven primarily by operational efficiencies, pricing effects, and mix change.

In the third quarter of 2025, operating profit reached CHF 347 million (previous year: CHF 327 million), corresponding to an EBIT margin of 13.0% (previous year: 11.7%). The EBIT adjusted margin reached 13.9% (previous year: 12.6%).

Net profit

In the first nine months of 2025, net profit reached CHF 796 million (previous year: CHF 748 million).

The net profit margin amounted to 9.8% (previous year: 8.9%). Earnings per share increased to CHF 7.04 (previous year: CHF 6.48).

Cash flow from operating activities

In the first nine months of 2025, cash flow from operating activities reached CHF 967 million

(previous year: CHF 933 million), corresponding to an increase of 3.6%, mainly driven by improved profitability.

2025 guidance revised

For 2025, Schindler now expects an EBIT reported margin of ~12.5% (previous: ~12%) and low single-digit revenue growth in local currencies (unchanged). For the midterm, Schindler reconfirms the objective to reach an EBIT reported level of 13%.

Piloting low carbon-emissions steel elevator

Schindler is piloting the first-ever low carbon-emissions steel elevator. This industry-leading innovation marks an important step toward offering our customers an elevator that optimizes their CO2-footprint and reinforces Schindler's commitment to making cities and buildings more sustainable. The low carbon-emissions steel used

for the product reduces carbon emissions for key components by up to 75% compared to conventional production. The elevator will be produced in Dunajská Streda, Slovakia, at Schindler's largest factory in Europe.

Schindler among the world's best employers

Schindler was ranked once again in the top 50 of the Forbes World's Best Employers list, coming in third in the Engineering and Manufacturing sector. The ranking includes 900 companies in 50 countries.

‌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

January to September

In CHF million

2025

2024

Δ %

Δ % local currencies

Order intake1

8 524

8 512

0.1

3.8

Revenue

8 155

8 381

-2.7

0.8

Operating profit (EBIT)

1 022

945

8.1

12.2

in %

12.5

11.3

Operating profit (EBIT), adjusted

1 0772

9873

9.1

13.2

in %

13.2

11.8

Financing and investing activities

-14

13

Profit before taxes

1 008

958

5.2

Income taxes

212

210

Net profit

796

748

6.4

Earnings per share and participation certificate in CHF

7.04

6.48

8.6

Cash flow from operating activities

967

933

3.6

Investments in property, plant, and equipment

71

67

6.0

30.09.2025

31.12.2024

Order backlog1

7 999

8 292

-3.5

3.6

Number of employees

68 751

69 326

-0.8

1 Group-wide harmonization of order intake recognition criteria and timing as of January 1, 2025. Previous year figures have been restated accordingly.

2 Adjusted for restructuring costs (CHF 43 million), and expenses for BuildingMinds (CHF 12 million)

3 Adjusted for restructuring costs (CHF 25 million), and expenses for BuildingMinds (CHF 17 million)

‌3rd quarter: July to September‌

In CHF million

2025

2024

Δ %

Δ % local currencies

Order intake1

2 638

2 728

-3.3

0.7

Revenue

2 668

2 788

-4.3

-0.5

Operating profit (EBIT)

347

327

6.1

10.1

in %

13.0

11.7

Operating profit (EBIT), adjusted

3722

3503

6.3

10.6

in %

13.9

12.6

Financing and investing activities

-11

-3

Profit before taxes

336

324

3.7

Income taxes

71

70

Net profit

265

254

4.3

Earnings per share and participation certificate in CHF

2.36

2.16

9.3

Cash flow from operating activities

264

257

2.7

Investments in property, plant, and equipment

29

19

52.6

30.09.2025

30.09.2024

Order backlog1

7 999

8 258

-3.1

1.5

Number of employees

68 751

70 294

-2.2

1 Group-wide harmonization of order intake recognition criteria and timing as of January 1, 2025. Previous year figures have been restated accordingly.

2 Adjusted for restructuring costs (CHF 21 million), and expenses for BuildingMinds (CHF 4 million)

3 Adjusted for restructuring costs (CHF 18 million), and expenses for BuildingMinds (CHF 5 million)

Balance sheet

In CHF million

30.09.2025

%

31.12.2024

%

30.09.2024

%

Cash and cash equivalents

1 978

17.3

2 599

21.7

2 389

20.8

Other current assets

5 959

52.2

5 689

47.4

5 638

49.1

Total current assets

7 937

69.5

8 288

69.1

8 027

69.9

Non-current assets

3 475

30.5

3 709

30.9

3 464

30.1

Total assets

11 412

100.0

11 997

100.0

11 491

100.0

Current liabilities

5 363

46.9

5 824

48.5

5 592

48.7

Non-current liabilities

1 122

9.9

1 124

9.4

1 025

8.9

Total liabilities

6 485

56.8

6 948

57.9

6 617

57.6

Equity

4 927

43.2

5 049

42.1

4 874

42.4

Total liabilities and equity

11 412

100.0

11 997

100.0

11 491

100.0

‌Exchange rates‌

2025

2024

Closing rate September 30

Average rate September 30

Closing rate December 31

Average rate September 30

Eurozone

EUR

1

0.93

0.94

0.94

0.95

USA

USD

1

0.80

0.85

0.90

0.88

Brazil

BRL

100

14.98

14.90

14.63

16.83

China

CNY

100

11.19

11.71

12.38

12.22

India

INR

100

0.90

0.98

1.05

1.05

Non-GAAP measures

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 measures

(group.schindler.com/en/investor-relations/results/definition-on-non-gaap-items.html).