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Schindler Holding AG, CH0024638212

Schindler Holding AG, CH0024638212

17.02.2021 - 06:35:18

EQS-Adhoc: Resilience and innovation in adversity

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

@ dgap.de