On track to deliver

Schindler Holding AG / Key word(s): Quarter Results
On track to deliver

19-Oct-2023 / 06:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement pursuant to Art. 53 LR

  * Order intake and revenue: growth despite challenging construction
    markets

  * Operating profit Q3: EBIT margin 10.3%, adjusted EBIT margin 11.1%,
    significant year-on-year increase

* Net profit and earnings per share: significantly up

  * Cash flow from operating activities: year-on-year uptake driven by
    improved operational performance

  * Balanced global footprint limiting exposure to China's construction
    downturn

* Strong foreign exchange headwinds

* Sharpened outlook for full year 2023

In the first nine months of 2023, both order intake and revenue increased in
local currencies by 1.7% and 8.5% respectively to CHF 8 595 million and CHF
8 534 million despite a challenging market environment. Operating profit
increased by 44.1% to CHF 892 million, corresponding to an EBIT margin of
10.5%. Net profit substantially improved to CHF 691 million, corresponding
to a net profit margin of 8.1%. Cash flow from operating activities
increased by 92.6% to CHF 724 million.

About Schindler
Founded in Switzerland in 1874, the Schindler Group is a leading global
provider of elevators, escalators and related services. Schindler's mobility
solutions move more than 2 billion people every day all over the world.
Behind the company's success are around 70,000 employees in more than 100
countries. Schindler is committed to reaching net-zero emissions by 2040
through a 90% absolute reduction of its greenhouse gas emissions in scope 1,
2 and 3 from a 2020 baseline as its long-term science-based emission
reduction target, while working to neutralize its residual emissions.

More information
Katherine Lee | Head of External Communications
Phone +41 414 45 36 11 | Mobile +41 79 712 94 99
katherine.lee@schindler.com

Marco Knuchel | Head Investor Relations
Phone +41 41 445 30 61
marco.knuchel@schindler.com

Schindler Management Ltd.
Zugerstrasse 13
6030 Ebikon
Switzerland

Tel. +41 41 445 32 32
corporate.communications@schindler.com
group.schindler.com


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End of Inside Information

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   Language:       English
   Company:        Schindler Holding AG
                   Zugerstrasse 13
                   6060 Ebikon
                   Switzerland
   Phone:          +41414453060
   E-mail:         corporate.communications@schindler.com
   Internet:       www.schindler.com
   ISIN:           CH0024638212, CH0024638196
   Valor:          002463821
   Listed:         SIX Swiss Exchange
   EQS News ID:    1752255

End of Announcement EQS News Service
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1752255 19-Oct-2023 CET/CEST