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Schindler (SCHN) investor relations material
Schindler Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Organic order growth exceeded 5% in local currencies, with modernization orders up 22% in H1 2025.
Service grew mid-single digit, and backlog increased 4% in local currencies, supporting full-year revenue guidance.
Operating margin reached 12.3% in H1, driven by efficiency initiatives and procurement improvements.
Operating cash flow was CHF 703 million in H1, up 4% year-over-year, supported by stronger profitability.
US mid-rise rollout gained momentum, while FX and tariffs presented headwinds.
Financial highlights
H1 2025 order intake CHF 5,886m (+1.8% y/y, +5.3% in local currencies); revenue CHF 5,487m (-1.9% y/y, +1.4% in local currencies).
EBIT margin expanded to 12.3% in H1, up 130bps year-over-year; adjusted EBIT margin 12.8%.
Net profit for H1 was CHF 531 million, up 7.5% year-over-year; Q2 net profit margin 9.9%.
Order backlog CHF 8,013m (-3.4% y/y, +3.8% in local currencies), with high single-digit growth in modernization and service backlogs.
EPS up 8.3% to CHF 4.68.
Outlook and guidance
Full-year 2025 guidance maintained: low single-digit revenue growth in local currency and ~12% reported EBIT margin.
Margin expansion expected to be more muted in H2 due to higher restructuring costs and external headwinds.
Modernization markets projected to grow mid to high single digit globally, double digit in China; new installations to decline high single digit, mainly from China.
Service market growth in China revised down to mid-single digit due to fewer conversions from new installations.
Mid-term objective: EBIT margin of 13% reconfirmed.
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