EQS-Adhoc Resilience and innovation in adversity

Nachrichtenquelle: EQS Group AG
17.02.2021, 06:30  |  103   |   |   

EQS Group-Ad-hoc: Schindler Holding AG / Key word(s): Annual Results
Resilience and innovation in adversity

17-Feb-2021 / 06:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


  • Order intake decreased 3.2% in local currencies after the construction sector contracted in some key markets as a consequence of the global pandemic
  • Cash flow from operating activities increased by 33.4%, reaching CHF 1 581 million
  • Total restructuring costs reached CHF 135 million for the year
  • Foreign currency effects substantially weighed on results
  • New modular elevator platform launched worldwide with customer feedback above expectations

The COVID-19 pandemic has confronted the world with unprecedented challenges and had significant impacts on Schindler's business in 2020. Order intake decreased by 9.1% to CHF 11 018 million and revenue dropped by 5.6% to CHF 10 640 million, operating profit reached CHF 1 032 million, corresponding to an EBIT margin of 9.7% (EBIT adjusted 11.1%). Net profit amounted to CHF 774 million, and cash flow from operating activities increased to CHF 1 581 million.  

Press release (PDF)



End of ad hoc announcement
Language: English
Company: Schindler Holding AG
Zugerstrasse 13
6060 Ebikon
Switzerland
Phone: +41414453060
E-mail: corporate.communications@schindler.com
Internet: www.schindler.com
ISIN: CH0024638212, CH0024638196
Valor: 002463821
Listed: SIX Swiss Exchange
EQS News ID: 1168860

 
End of Announcement EQS Group News Service

1168860  17-Feb-2021 CET/CEST

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EQS-Adhoc Resilience and innovation in adversity EQS Group-Ad-hoc: Schindler Holding AG / Key word(s): Annual Results Resilience and innovation in adversity 17-Feb-2021 / 06:30 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 KR The issuer is solely responsible for the content of …

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