Service business supports sales growth in a challenging market environment
Schindler recorded slight growth in sales in local currencies in the first nine months of 2025. Operating profit and net profit increased significantly year-on-year. The global lift manufacturer is raising its EBIT margin target for the year as a whole to 12.5 per cent.
The Schindler Group generated global sales totalling 8.16 billion Swiss francs in the first nine months of 2025, the Ebikon-based group of companies specialising in lifts, escalators and passenger conveyor belts announced in a press release. Year-on-year, this corresponds to growth of 0.8 per cent in local currencies. In the same period, order intake increased by 3.8 per cent in local currencies to 8.52 billion Swiss francs.
Both Schindler’s order intake and sales were supported by the Group’s modernisation and service business in the reporting period. By contrast, demand and sales in the new installations business were weaker than in the previous year. “We have driven growth and strengthened our competitiveness with standardised modernisation solutions”, Schindler CEO Paolo Compagna is quoted as saying in the press release.
At CHF 1.02 billion, operating profit at EBIT level was CHF 77 million higher than the previous year’s figure. Net profit totalled 796 million Swiss francs, compared to 748 million Swiss francs in the same period of the previous year. The EBIT margin increased by 1.2 percentage points to 12.5 per cent. Schindler is raising its EBIT margin target for the year as a whole by 0.5 percentage points to 12.5 per cent. The medium-term target for the margin remains at 13 per cent.
In the same press release, Schindler also communicates its latest commitment to sustainability. “In line with our commitment to the decarbonisation of cities, we now offer a lift made of low-emission steel that supports our customers in achieving their emission reduction targets,” explains Compagna.