Foundations for profitable growth

Ad hoc announcement pursuant to Art. 53 LR

Annual Results 2024

• Order intake and revenue: growth amidst challenging market conditions
• Continued operational improvement: EBIT reported 11.3%
• Net profit: CHF 1.0 bn, 9.0%
• Cash flow from operating activities: CHF 1.6 bn, up 25%
• Dividend of CHF 6.00 per registered share and per participation certificate, payout ratio 68%

For the year 2024, order intake and revenue reached CHF 11 325 million and CHF 11 236 million, equivalent to a growth in local currencies of 2.2% and 0.8%, respectively. Operating profit increased to CHF 1 266 million, corresponding to an EBIT margin of 11.3%. The EBIT adjusted margin reached 12.0%. Net profit rose to CHF 1 010 million, corresponding to a net profit margin of 9.0%. Cash flow from operating activities increased by 25% to
CHF 1 595 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 69,000 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

Lars Brorson | Head of Investor Relations
Phone +41 414 45 40 36 | Mobile +41 79 543 38 74
lars.brorson@schindler.com