Ad hoc: Key figures as of March 31, 2024
Ad hoc announcement pursuant to Art. 53 LR.
Solid start to the year
- Service and Modernization markets strong; most New Installation markets remain challenging
- Growth in order intake and revenue in local currencies
- Sustained operational improvement and pricing discipline driving margins: EBIT margin to 10.9% and EBIT adjusted margin to 11.1%
- Cash flow from operating activities: up 80.4%
- New standardized modular platform launch on track, already accounting for more than 40% of total units sold in the EMEA region
- 2024 guidance reiterated: EBIT margin of 11%
Despite challenging New Installation markets in the first quarter, both order intake and revenue increased to CHF 2 791 million and CHF 2 673 million, respectively. In local currencies growth was 2.5% and 1.1%, respectively. Operating profit increased to CHF 292 million corresponding to an EBIT margin of 10.9%. The EBIT adjusted margin reached 11.1%, up from 9.7% in Q1 2023. Net profit rose to CHF 232 million, corresponding to a net profit margin of 8.7%. Cash flow from operating activities increased by 80.4% to CHF 507 million.
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Press Release
with key figures as of March 31, 2024