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14.02.2024 06:31:11 - dpa-AFX: EQS-Adhoc: Improving operating performance and increasing profitability (english)
Improving operating performance and increasing profitability
Schindler Holding AG / Key word(s): Annual Results
Improving operating performance and increasing profitability
14-Feb-2024 / 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
Annual Results 2023
* Order intake and revenue: growth amidst challenging market conditions
* Increasing net profit and earnings per share: up 42%
* Cash flow from operating activities: up 84.7%
* Strong foreign exchange headwinds
* Outlook: EBIT reported margin 11% in 2024, 13% midterm
* Dividend payout ratio range increased to 50% - 80%
For the full year 2023, amidst challenging markets, both order intake and
revenue increased to CHF 11 439 million and CHF 11 494 million,
respectively. In local currencies the growth was 1.7% and 7.4%. Operating
profit increased to CHF 1 188 million corresponding to an EBIT margin of
10.3%. The EBIT adjusted margin reached 10.9%, up from 9.2% in 2022. Net
profit rose significantly to CHF 935 million, corresponding to a net profit
margin of 8.1%. Cash flow from operating activities increased by 84.7% to
CHF 1 271 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 over 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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End of Announcement EQS News Service
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1836679 14-Feb-2024 CET/CEST
Schindler Holding AG / Key word(s): Annual Results
Improving operating performance and increasing profitability
14-Feb-2024 / 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.
---------------------------------------------------------------------------
Ad hoc announcement pursuant to Art. 53 LR
Annual Results 2023
* Order intake and revenue: growth amidst challenging market conditions
* Improved operating performance and profitability: operating profit
adjusted up 19.9%, EBIT adjusted margin 10.9%
* Increasing net profit and earnings per share: up 42%
* Cash flow from operating activities: up 84.7%
* Strong foreign exchange headwinds
* Outlook: EBIT reported margin 11% in 2024, 13% midterm
* Celebrating 150th anniversary: extraordinary dividend of CHF 1.00 per
share to be proposed to the Shareholders' meeting, total dividend of CHF
5.00 per share
* Dividend payout ratio range increased to 50% - 80%
For the full year 2023, amidst challenging markets, both order intake and
revenue increased to CHF 11 439 million and CHF 11 494 million,
respectively. In local currencies the growth was 1.7% and 7.4%. Operating
profit increased to CHF 1 188 million corresponding to an EBIT margin of
10.3%. The EBIT adjusted margin reached 10.9%, up from 9.2% in 2022. Net
profit rose significantly to CHF 935 million, corresponding to a net profit
margin of 8.1%. Cash flow from operating activities increased by 84.7% to
CHF 1 271 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 over 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: 1836679
End of Announcement EQS News Service
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1836679 14-Feb-2024 CET/CEST
