Schindler cuts estimate for yearly tariff hit to 18 million Swiss francs
11/02/2026 09:00
Feb 11 (Reuters) - Schindler SCHP.S expects U.S. tariffs to have an annual gross impact of 18 million Swiss francs ($23.5 million) on its bottom line, the lift maker's finance chief Carla De Geyseleer said on a post-earnings call on Wednesday. This was lower than the Swiss group's initial estimate of 33 million francs, communicated in April 2025. Washington hit Swiss exports to the U.S. with a 39% tariff from August, one of the highest rates worldwide. That rate was cut to 15% in November, easing the initial pressure. ($1 = 0.7661 Swiss francs) (Reporting by Bernadette Hogg in Gdansk, editing by Milla Nissi-Prussak) ((bernadette.hogg@thomsonreuters.com))
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