Ad hoc: Key figures as of March 31, 2022
Ad hoc announcement pursuant to Art. 53 LR.
Challenging start to the year
- Operating results heavily affected by aggravated supply chain issues, cost inflation, lockdowns and market contraction in China
- Growth in order intake and revenue
- Sharpened focus to offset inflation by increasing prices, streamlining product offering and driving efficiency
- Further streamlining of senior leadership set-up
In the first quarter of 2022, Schindler’s business continued to be affected by an unprecedented mix of challenges, particularly supply chain disruptions, rising inflation, and lockdowns in China, where the market contracted even further. Order intake rose by 7.7% to CHF 3 164 million and revenue increased by 1.2% to CHF 2 632 million, while operating profit dropped to CHF 211 million, corresponding to an EBIT margin of 8.0% (EBIT adjusted 9.0%). Net profit amounted to CHF 144 million, and cash flow from operating activities reached CHF 286 million.
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Press Release
with key figures as of March 31, 2022