New installation markets: weakening trend globally; uncertainty persists
rn
Order intake: decrease in New Installation refecting weakening global markets; growth in Service
rn
Revenue: growth across all regions and product lines
rn
Operating proft: year-on-year improvement, both in absolute and relative terms
rn
EBIT and net proft: rebound supplemented by one-off real estate gain of CHF 26 million
rn
Change to the Group Executive Committee: CTO succession
rn
rn
In the frst quarter of 2023, revenue increased by 6.2% to CHF 2 796 million, while order intake decreased by 8.7% to CHF 2 889 million. Operating proft reached CHF 282 million, corresponding to an EBIT margin of 10.1% (EBIT adjusted 9.7%). Net proft amounted to CHF 212 million, or CHF 186 million excluding the real estate gain, and cash fow from operating activities reached CHF 281 million.
rn"}}" id="c03_textimage_text-20b2fcee92" class="cmp-text">
Staying the course
New installation markets: weakening trend globally; uncertainty persists
Order intake: decrease in New Installation refecting weakening global markets; growth in Service
Revenue: growth across all regions and product lines
Operating proft: year-on-year improvement, both in absolute and relative terms
EBIT and net proft: rebound supplemented by one-off real estate gain of CHF 26 million
Change to the Group Executive Committee: CTO succession
In the frst quarter of 2023, revenue increased by 6.2% to CHF 2 796 million, while order intake decreased by 8.7% to CHF 2 889 million. Operating proft reached CHF 282 million, corresponding to an EBIT margin of 10.1% (EBIT adjusted 9.7%). Net proft amounted to CHF 212 million, or CHF 186 million excluding the real estate gain, and cash fow from operating activities reached CHF 281 million.
Schindler Holding Ltd. published this content on 20 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2023 04:43:04 UTC.
Schindler Holding AG is a Switzerland-based holding company that specializes in the manufacture of escalators, elevators and moving walks. It operates globally within one main segment: Elevators and Escalators. The Elevators and Escalators segment provides a range of elevators for different applications, including freight and special elevators, high-rise elevators, residential elevators and commercial elevators. It also offers commercial and public transport escalators, as well as inclined and horizontal moving walks. It's affiliated company, ALSO Holding AG, which provided information and communications technology and consumer electronics in the wholesale and logistics sectors, was disposed during 2011 and merged with Actebis GmbH, forming ALSO-Actebis Holding AG. In June 2014, closed the real estate development project Mall of Switzerland (formerly EbiSquare) together with Halter AG and sold its stake in EbiSquare AG to Halter AG
SCHINDLER HOLDING AG 
