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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  
End of Inside Information  
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

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END) Dow Jones Newswires

February 14, 2024 00:31 ET (05:31 GMT)