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    SCHN   CH0024638212

SCHINDLER HOLDING AG

(SCHN)
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Delayed Quote. Delayed Swiss Exchange - 11/26 11:31:15 am
235 CHF   -1.18%
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Press release: Schindler launches Sustainability Report 2019

06/29/2020 | 01:05am EST

Schindler launches Sustainability Report 2019

Schindler today publishes the Sustainability Report 2019, highlighting the Group's progress on its sustainability roadmap. The report provides a transparent and detailed overview of Schindler's sustainability work in each of its six strategic fields of action: enhance safety, attract diverse talent, create value in communities, pioneer smart urban mobility, lower vehicle fleet emissions, and increase sustainability in the supply chain.

Sustainability is vital to Schindler's business strategy, particularly as Schindler elevators, escalators, and moving walks move more than 1.5 billion people globally every day.

The Sustainability Report 2019 goes into some of the successes of the Schindler sustainability approach, including a longstanding dedication to education and vocational training. In 2019 for instance, 4 000 students in over 40 countries took part in Schindler's vocational education and training programs, providing young people with the skills and experience they need to take their first step in their professional lives.

The company also has made progress towards a more diverse workforce. In 2019, Schindler introduced further steps to mitigate gender bias for its Group Hiring and Recruitment Policy. Moreover, Schindler is committed to continuing its inclusion and diversity journey, by broadening the scope of initiatives well beyond gender balance. Schindler believes in fostering an inclusive work environment that brings together people with different backgrounds, valuing different perspectives, and embracing an open dialogue.

Furthermore, the report highlights some of the challenges that still lie ahead, including reducing the carbon footprint of the global vehicle fleet that Schindler operates to install and service its products. As the fleet accounts for the largest proportion of Schindler's carbon footprint, the Group is resolved to find innovative ways to support service technicians, i.e. via new or alternative modes of transport to reduce both their time on the road and the fuel consumption associated with it. In 2019, the carbon footprint of the global fleet remained stable, despite revenue growth of 5.6% in local currencies. This represents an 8.8% reduction in the carbon intensity of the fleet compared to 2017.

"Looking back at 2019, we at Schindler continued to invest in the future of our company and, in doing so, made further progress towards our sustainability goals," said Silvio Napoli, Chairman of the Board of Directors at Schindler. "As a closely held company, Schindler is dedicated to healthy growth. Step by step, year after year, we continue to build on the foundation of sustainability laid over five generations, for the future of our shareholders, our customers, our employees, our communities, and our planet."

In 2019, Schindler continued to embed sustainability across the company. For more information, go to: https://www.schindler.com/sustainability

About Schindler:

Founded in Switzerland in 1874, the Schindler Group is a leading global provider of elevators, escalators and related services. Schindler mobility solutions move more than 1.5 billion people every day all over the world. Behind the company's success are over 65,000 employees in more than 100 countries.




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Financials
Sales 2021 11 313 M 12 256 M 12 256 M
Net income 2021 824 M 892 M 892 M
Net cash 2021 2 803 M 3 037 M 3 037 M
P/E ratio 2021 30,7x
Yield 2021 1,77%
Capitalization 25 525 M 27 654 M 27 651 M
EV / Sales 2021 2,01x
EV / Sales 2022 1,89x
Nbr of Employees 68 252
Free-Float 55,7%
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Mean consensus HOLD
Number of Analysts 14
Last Close Price 235,00 CHF
Average target price 257,77 CHF
Spread / Average Target 9,69%
EPS Revisions
Managers and Directors
Thomas Oetterli Chief Executive Officer
Urs Scheidegger Chief Financial Officer
Silvio Napoli Executive Chairman
Karl-Heinz Bauer Chief Technology Officer
Christian Schulz Head-Operations
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