Lift maker Schindler sees slight revenue growth in 2025 (updated)

Schindler Holding AG

12/02/2025 05:52

(Adds details on margins in paragraphs 2-4)
       Feb 12 (Reuters) - Swiss lift and escalator maker
Schindler  SCHP.S  on Wednesday forecast low single-digit
revenue growth in local currency terms for 2025, as the
environment for new construction activity keeps getting worse
while modernization and services grow.
    It also said it expected an earnings before interest and tax
(EBIT) margin of around 12% for the year.
    Schindler's margins began to show a recovery in 2024, driven
by improved pricing and restructuring measures, including a
digitisation programme.
    Its adjusted EBIT margin came in at 12.5% in the fourth
quarter of 2024, up from 11.4% a year earlier.
    Quarterly sales were 2.86 billion Swiss francs ($3.13
billion), below analysts' average forecast of 2.95 billion
francs in a poll compiled by Vara Research.
($1 = 0.9131 Swiss francs)

 (Reporting by Bartosz Dabrowski and Bernadette Hogg in Gdansk;
Editing by Milla Nissi)
 ((bartosz.dabrowski@thomsonreuters.com))