Schindler Ad hoc: Annual Results 2021: Growth and margin pressure Mittwoch, 16. Februar 2022 - 06:30

• Order intake and revenue back to 2019 pre-pandemic levels
• Operating results affected by price pressure, supply chain issues, material and freight cost inflation
• Solid cash flow from operating activities
• Top Speed 23 program in execution phase
• New leadership set-up in place to accelerate execution of strategic priorities

A mix of challenges, including price pressure, supply chain disruptions, electronics shortages, and material and freight cost inflation, impacted Schindler’s business in 2021. Order intake increased by 10.4% to CHF 12 166 million and revenue increased by 5.6% to CHF 11 236 million, operating profit reached CHF 1 166 million, corresponding to an EBIT margin of 10.4% (EBIT adjusted 11.1%). Net profit amounted to CHF 881 million, and cash flow from operating activities reached CHF 1 314 million.