Ad hoc: Interim Report as of June 30, 2022
Ad hoc announcement pursuant to Art. 53 LR.
Intensifying challenges
- Order intake and revenue growth affected by China market contraction and COVID-related lockdowns
- Profit development burdened by cost inflation, semiconductor shortage, supply chain issues, and restructuring costs, exacerbated by lockdowns in China
- Sharpened focus on increasing prices to offset inflation, streamlining product offering, and driving efficiency
- Order backlog reaching the 10-billion milestone
- Further changes to the Group Executive Committee
- 2040 net-zero emission targets approved by the Science Based Targets initiative
In the first six months of 2022, Schindler’s business continued to be under pressure, particularly due to the slowdown of the Chinese economy, COVID-related lockdowns, persistent supply chain disruptions, and steep inflation. Order intake rose by 3.0% to CHF 6 227 million and revenue decreased by 2.4% to CHF 5 345 million, while operating profit dropped to CHF 403 million, corresponding to an EBIT margin of 7.5% (EBIT adjusted 8.7%). Net profit amounted to CHF 296 million, and cash flow from operating activities reached CHF 299 million.
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Press Release
with key figures as of June 30, 2022
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Interim Report
as of June 30, 2022