Schindler Holding AG
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Schindler Holding AG
Nestled in the scenic landscapes of Switzerland, Schindler Holding AG has carved an indelible niche in the vertical transportation industry. Founded in 1874 by Robert Schindler, the company began its journey with a focus on building machinery, plumbing, and office supplies, but quickly evolved to specialize in elevators, escalators, and moving walkways. With a foundation built on precision engineering and a reputation for reliability, Schindler scaled new heights by intertwining technological advancements with sleek designs, offering mobility solutions that seamlessly blend into the architectural tapestry of modern cities. Operating across more than 100 countries, Schindler's widespread presence underscores its importance in not just getting people where they need to go, but doing so with safety and efficiency.
At the heart of Schindler's business model is its dedication to innovation and sustainability. The company's offerings extend beyond just manufacturing; it is deeply involved in the installation, maintenance, and modernization of its products. These services ensure a consistent revenue stream while reinforcing customer loyalty and trust. Schindler leverages digital technology, such as predictive maintenance and smart analytics, to optimize its operations, ensuring elevators and escalators are not just cost-effective and environmentally conscious, but also resilient in meeting the demands of burgeoning urbanization. Such strategic initiatives have enabled Schindler to not only contribute significantly to the growth of urban landscapes, but also to secure its standing as a pivotal player in the global transportation ecosystem.
Nestled in the scenic landscapes of Switzerland, Schindler Holding AG has carved an indelible niche in the vertical transportation industry. Founded in 1874 by Robert Schindler, the company began its journey with a focus on building machinery, plumbing, and office supplies, but quickly evolved to specialize in elevators, escalators, and moving walkways. With a foundation built on precision engineering and a reputation for reliability, Schindler scaled new heights by intertwining technological advancements with sleek designs, offering mobility solutions that seamlessly blend into the architectural tapestry of modern cities. Operating across more than 100 countries, Schindler's widespread presence underscores its importance in not just getting people where they need to go, but doing so with safety and efficiency.
At the heart of Schindler's business model is its dedication to innovation and sustainability. The company's offerings extend beyond just manufacturing; it is deeply involved in the installation, maintenance, and modernization of its products. These services ensure a consistent revenue stream while reinforcing customer loyalty and trust. Schindler leverages digital technology, such as predictive maintenance and smart analytics, to optimize its operations, ensuring elevators and escalators are not just cost-effective and environmentally conscious, but also resilient in meeting the demands of burgeoning urbanization. Such strategic initiatives have enabled Schindler to not only contribute significantly to the growth of urban landscapes, but also to secure its standing as a pivotal player in the global transportation ecosystem.
Revenue: Revenue declined 0.5% in Q3, with year-to-date revenue up 0.8%. Full-year 2025 revenue guidance reaffirmed for very low single-digit growth.
Margins: Operating margin reached 13% in Q3, up 130 basis points year-on-year. Full-year EBIT margin guidance raised to 12.5% from 12%.
Modernization: Modernization orders grew 16.4% in Q3, with China up over 50% and year-to-date up close to 40%. Backlog and revenue from modernization expected to accelerate.
China Market: New installation orders in China fell over 30% in Q3, driving a double-digit group decline in new installation orders. Pricing discipline remains a key strategy.
Service Business: Service portfolio continues to grow, especially in Asia Pacific. Americas saw a slight decrease due to more selective contract recaptures and slower conversions.
Efficiency Initiatives: Margin and profit growth were driven by ongoing efficiency programs in procurement, SG&A, and operational improvements.
Tariffs: U.S. tariff costs now estimated at CHF 35 million for the year, with potential for further impact if new tariffs are implemented. Mitigating actions underway.