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Company Research15 Apr 2024
The Industrial Machinery, Supplies, and Components Industry
Explore the industrial machinery industry's growth, driven by technology, sustainability, and digital transformation, impacting global economic development.
Schindler (SCHN) investor relations material
Schindler Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary24 Oct, 2025
Executive summary
Q3 2025 saw strong modernization order growth of 16.4%, with service expansion offsetting new installation headwinds, especially in China; operating margin improved to 13% in Q3, up 130bps year-over-year, driven by efficiency and procurement savings.
Net profit rose to CHF 265 million in Q3 (9.9% margin), with EPS at CHF 2.36, and operating cash flow reached CHF 967 million for the first three quarters.
The company is executing cost reductions, especially in China, and continues to invest in supply chain upgrades and sustainability, including the launch of a low carbon-emissions steel elevator.
Headcount reduced by over 1,000, mainly due to China repositioning and SG&A cost initiatives.
Recognized by Forbes as a top global employer in engineering and manufacturing.
Financial highlights
Q3 2025 revenue was CHF 2,668 million, down 0.5% in local currency and 4.3% in CHF year-over-year; 9M 2025 revenue was CHF 8,155 million, up 0.8% in local currency.
EBIT margin for Q3 was 13.0% (up from 11.7%); adjusted EBIT margin was 13.9% (up from 12.6%).
Net profit for Q3 was CHF 265 million (9.9% margin); 9M net profit was CHF 796 million (9.8% margin), with EPS at CHF 7.04.
Operating cash flow for the first three quarters was CHF 967 million, up 3.6% year-over-year.
Order intake for 9M reached CHF 8,524 million, up 0.1% year-over-year and 3.8% in local currencies.
Outlook and guidance
Full-year 2025 EBIT margin guidance raised to approximately 12.5% (from ~12%), with low single-digit local currency revenue growth expected.
Midterm objective to reach an EBIT margin of 13% remains unchanged.
Service and Modernization markets expected to expand globally, with highest growth in Asia-Pacific driven by India.
Modernization markets forecast mid to high single-digit growth outside China and double-digit growth in China.
New installation market globally expected to decline by high single digits, mainly due to China.
China New Installations outlook?
Detail EBIT margin improvement drivers.
What is the market strategy for low-carbon elevator?
China NI pricing outlook for 2026?
Standardized MOD solutions market limit?
U.S. tariff impact on 2026 margins?
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Q4 202511 Feb, 2026
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Frequently asked questions
Schindler Holding AG designs, manufactures, installs, and services elevators, escalators, and moving walks. The company provides mobility solutions for commercial, residential, and infrastructure buildings worldwide. It also offers digital and maintenance services supporting vertical transportation systems. The company is headquartered in Hergiswil, Switzerland, and its shares are listed on the SIX.
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