Schindler Holding Ltd.

Latest Results (01.02.2026):

Schindler Holding Ltd. — Q4 2024 / Full year 2024: Schindler reported full-year revenue of CHF 11,236 million (2023: CHF 11,494m), an operating profit of CHF 1,266 million (up from CHF 1,188m), and net profit of CHF 1,010 million (up from CHF 935m). Earnings per share were CHF 8.83 basic (2023: CHF 8.05). Operating cash flow was strong at CHF 1,595 million. Total assets were CHF 11,997 million and total equity CHF 5,049 million as of 31 Dec 2024.

Revenue mix and trend

For the year ended Dec 31, 2024, Schindler’s revenue split shows CHF 9,120m recognized over time (mainly maintenance, new installations/modernizations) and CHF 2,077m at a point in time (repairs), with slight year-on-year revenue decline from CHF 11,494m to CHF 11,236m.

Profitability and EPS

Operating profit margin improved to 11.3% (CHF 1,266m) versus 10.3% in 2023; profit before tax rose to CHF 1,272m. Net profit rose to CHF 1,010m and basic EPS increased to CHF 8.83, reflecting improved operating leverage despite lower top-line.

Cash flow, dividends and capital returns

Cash flow from operations was CHF 1,595m (2023: CHF 1,271m). Schindler paid CHF 538m in dividends to shareholders in 2024 (2023: CHF 430m) and spent CHF 65m on treasury share purchases during the year.

Balance sheet and liquidity

As of 31 Dec 2024 total assets were CHF 11,997m, cash and cash equivalents CHF 2,599m (up from CHF 2,336m). Net working capital movement contributed positively to cash flow; total equity attributable to shareholders rose to CHF 4,954m (group equity CHF 5,049m).

Segments and geography

Elevators & Escalators remains the core (CHF 11,234m revenue), with Finance (including BuildingMinds) marginal. By region, EMEA led with CHF 5,142m, Americas CHF 3,320m, and Asia‑Pacific CHF 2,774m.

Order backlog / future revenue visibility

Schindler reported unsatisfied performance obligations (order backlog) with expected revenue recognition of ~CHF 8,100m in the next year, CHF 5,100m in years 2–3, and CHF 3,100m beyond three years (translated at year-end rates).

Employee base and pension position

Headcount was ~69,326 employees (2023: 70,406). The Group’s net defined benefit position shows a small net employee benefit asset of CHF 22m (Switzerland) offset by liabilities elsewhere; total net defined benefit obligation remained material (present value ~CHF 2,570m).

Other notable items

Financial result improved to +CHF 12m (from –CHF 13m), other comprehensive income was positive CHF 80m (vs –CHF 156m in 2023) driven by exchange differences and FVOCI movements, and treasury shares on the balance sheet increased to –CHF 88m.