Interim Report as of June 30, 2024

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And, by increasing the use of remote monitoring and adaptive servicing of our products, we are further reducing the need to travel.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/responsibility/environment/production-site-ecology.html">Environmental management at our sites</a> <p class="sc-m-navigation__item-description">We are continuously looking for ways to do more to tackle climate change through minimizing our environmental impact at our sites.</p> </li> </ul> <button type="button" class="sc-m-navigation__back sc-m-navigation__back--level-3"> <span class="sc-h-screenreader-only">Go back</span> <sc-e-icon class="sc-e-icon sc-m-navigation__back-icon" icon-id="sc-icon-arrow-left" aria-hidden="true"></sc-e-icon> </button> <button type="button" class="sc-m-navigation__close" title="Close navigation"> <span class="sc-h-screenreader-only">Close navigation</span> <sc-e-icon class="sc-e-icon 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the organization</a> <p class="sc-m-navigation__item-description">Information security is not the exclusive domain of our IT department – we want it to be everyone’s business. Building our cyber resilience is part of our corporate risk management approach and an ongoing effort.</p> </li> </ul> <button type="button" class="sc-m-navigation__back sc-m-navigation__back--level-3"> <span class="sc-h-screenreader-only">Go back</span> <sc-e-icon class="sc-e-icon sc-m-navigation__back-icon" icon-id="sc-icon-arrow-left" aria-hidden="true"></sc-e-icon> </button> <button type="button" class="sc-m-navigation__close" title="Close navigation"> <span class="sc-h-screenreader-only">Close navigation</span> <sc-e-icon class="sc-e-icon sc-m-navigation__close-icon" icon-id="sc-icon-close" aria-hidden="true"></sc-e-icon> </button> </div> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link sc-m-navigation__item-link--has-level-3" data-cmp-clickable href="https://group.schindler.com/en/responsibility/ethics-and-compliance.html">Ethics and compliance</a> <div class="sc-m-navigation__group sc-m-navigation__group--level-3"> <ul 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href="https://group.schindler.com/en/responsibility/ethics-and-compliance/examine.html">Examine</a> <p class="sc-m-navigation__item-description">In the Examine stage of the Compliance Program processes to detect hints of possible violations ("Red Flags") are implemented.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/responsibility/ethics-and-compliance/enforce.html">Enforce</a> <p class="sc-m-navigation__item-description">In the Enforce stage of the Compliance Program suspicions of violations are investigated, corrective actions taken and the responsible employees sanctioned.</p> </li> </ul> <button type="button" class="sc-m-navigation__back sc-m-navigation__back--level-3"> <span class="sc-h-screenreader-only">Go back</span> <sc-e-icon class="sc-e-icon sc-m-navigation__back-icon" icon-id="sc-icon-arrow-left" aria-hidden="true"></sc-e-icon> </button> <button type="button" 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</li> <li class="sc-m-navigation__item sc-m-navigation__item--priority"> <a class="sc-m-navigation__item-link " data-flyout-id="flyoutId-investor-relations" data-cmp-clickable href="https://group.schindler.com/en/investor-relations.html">Investors</a> <div class="sc-m-navigation__group sc-m-navigation__group--level-2"> <ul class="sc-m-navigation__group-list" aria-label="Investors"> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/investor-relations.html">Overview</a> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link sc-m-navigation__item-link--has-level-3" data-cmp-clickable href="https://group.schindler.com/en/investor-relations/share-information.html">Share information</a> <div class="sc-m-navigation__group sc-m-navigation__group--level-3"> <ul class="sc-m-navigation__group-list" aria-label="Share information"> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link" data-cmp-clickable href="https://group.schindler.com/en/investor-relations/share-information.html">Overview</a> <p class="sc-m-navigation__item-description">Schindler registered shares & participation certificates are traded on the Swiss stock exchange since November 1, 1971.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/investor-relations/share-information/share-prices.html">Share price charts</a> <p class="sc-m-navigation__item-description">Data is delayed by at least 15 minutes. All quotes are in local exchange time.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/investor-relations/share-information/capital-structure.html">Share capital structure</a> <p class="sc-m-navigation__item-description">Learn more about our capital structure and shareholders</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/investor-relations/share-information/dividends.html">Dividends</a> <p class="sc-m-navigation__item-description">Schindler's dividend policy is earnings-related and provides for a payout ratio of 50% to 80% of net profit attributable to shareholders of Schindler Holding Ltd.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/investor-relations/share-information/coverage.html">Coverage and consensus</a> <p class="sc-m-navigation__item-description">Schindler is covered by various analysts. Their views, forecasts, and expectations may not necessarily reflect those of the company.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/investor-relations/share-information/share-buyback-program.html">Share buyback program </a> <p class="sc-m-navigation__item-description">Please find the reporting on Schindler buyback program of registered shares and participation certificates.</p> </li> </ul> <button type="button" class="sc-m-navigation__back sc-m-navigation__back--level-3"> <span class="sc-h-screenreader-only">Go back</span> <sc-e-icon class="sc-e-icon sc-m-navigation__back-icon" icon-id="sc-icon-arrow-left" aria-hidden="true"></sc-e-icon> </button> <button type="button" class="sc-m-navigation__close" title="Close navigation"> <span class="sc-h-screenreader-only">Close navigation</span> <sc-e-icon class="sc-e-icon sc-m-navigation__close-icon" icon-id="sc-icon-close" aria-hidden="true"></sc-e-icon> </button> </div> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link sc-m-navigation__item-link--has-level-3" data-cmp-clickable href="https://group.schindler.com/en/investor-relations/results.html">Results</a> <div class="sc-m-navigation__group sc-m-navigation__group--level-3"> <ul class="sc-m-navigation__group-list" aria-label="Results"> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link" data-cmp-clickable href="https://group.schindler.com/en/investor-relations/results.html">Overview</a> <p class="sc-m-navigation__item-description">Schindler reports on its financial performance on a quarterly basis.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/investor-relations/results/archive.html">Archive</a> <p class="sc-m-navigation__item-description">Schindler reports on its financial performance on a quarterly basis. The documents in the reporting archive are available online only. For an overview click the corresponding year.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/investor-relations/results/definition-on-non-gaap-items.html">Non-GAAP measures</a> <p class="sc-m-navigation__item-description">We include certain non-GAAP measures in our Group Review comprise, which are not accounting measures as defined by IFRS.</p> </li> </ul> <button type="button" class="sc-m-navigation__back sc-m-navigation__back--level-3"> <span class="sc-h-screenreader-only">Go back</span> <sc-e-icon class="sc-e-icon sc-m-navigation__back-icon" icon-id="sc-icon-arrow-left" aria-hidden="true"></sc-e-icon> </button> <button type="button" class="sc-m-navigation__close" title="Close navigation"> <span class="sc-h-screenreader-only">Close navigation</span> <sc-e-icon class="sc-e-icon sc-m-navigation__close-icon" icon-id="sc-icon-close" aria-hidden="true"></sc-e-icon> </button> </div> </li> <li 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href="https://group.schindler.com/en/careers/who-we-are.html">Who we are</a> <div class="sc-m-navigation__group sc-m-navigation__group--level-3"> <ul class="sc-m-navigation__group-list" aria-label="Who we are"> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link" data-cmp-clickable href="https://group.schindler.com/en/careers/who-we-are.html">Overview</a> <p class="sc-m-navigation__item-description">Together, we're building the future, keeping the world moving, and making our communities accessible and sustainable.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/careers/who-we-are/values.html">Our values</a> <p class="sc-m-navigation__item-description">Our values are the foundation of everything we do and allow us to remain a leading global player in the elevator and escalator industry.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " 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href="https://group.schindler.com/en/careers/why-schindler.html">Why Schindler</a> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link sc-m-navigation__item-link--has-level-3" data-cmp-clickable href="https://group.schindler.com/en/careers/work-and-grow.html">Work and grow at Schindler</a> <div class="sc-m-navigation__group sc-m-navigation__group--level-3"> <ul class="sc-m-navigation__group-list" aria-label="Work and grow at Schindler"> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/careers/work-and-grow/compensation-and-benefits.html">Compensation and benefits</a> <p class="sc-m-navigation__item-description">Discover more about Schindler employee compensation packages and benefits – and why competitive salaries are just the start.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/careers/work-and-grow/professional-development.html">Professional development</a> <p class="sc-m-navigation__item-description">The key to maintaining our proud legacy of Swiss precision engineering, attention to detail, and quality is making sure that all our people – at every level – are trained and ready.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/careers/work-and-grow/leadership-growth.html">Leadership growth</a> <p class="sc-m-navigation__item-description">We strongly believe in fostering a corporate culture of continuous development and providing a platform where our employees can grow.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/careers/work-and-grow/career-development.html">Career development</a> <p class="sc-m-navigation__item-description">We prioritize career development, offering tailored paths for growth and advancement. Explore diverse roles, acquire new skills, and seize opportunities for progression within our global organization.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/careers/work-and-grow/international-careers.html">International careers</a> <p class="sc-m-navigation__item-description">International assignments are a key part of how we develop our people. Grow your career internationally with Schindler.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/careers/work-and-grow/work-life-balance.html">Work-life balance</a> <p class="sc-m-navigation__item-description">Finding the right balance between work and life can be tough. 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data-cmp-data-layer="{"c19_2_content_hero-ba358b5fb4":{"parentId":"container-9b0d967530","@type":"schindler-aem/core/components/templating/c19_2_content_hero","dc:description":""}}"> <div class="sc-m-hero-content__box"> <div class="sc-m-hero-content__box-content"> <h1 class="sc-m-hero-content__heading"> <span class="sc-m-hero-content__headline">Ad hoc: Interim Report as of June 30, 2024</span> </h1> <p class="sc-m-hero-content__description">Ad hoc announcement pursuant to Art. 53 LR.</p> </div> </div> </div> </div> </div> </div></div> <div class="t06_articledata aem-GridColumn aem-GridColumn--default--12"><div class="sc-grid"> <div class="sc-grid-row"> <div class="sc-grid-col-mq1-12"> <div class="sc-m-article-meta-data"> <dl class="sc-m-article-meta-data__item"> <dt class="sc-m-article-meta-data__item-title"> <span class="sc-h-screenreader-only">Date:</span> <sc-e-icon class="sc-e-icon sc-m-article-meta-data__icon" icon-id="sc-icon-calendar"></sc-e-icon> </dt> <dd class="sc-m-article-meta-data__item-description"> <time datetime="2024-07-19">7/19/24</time> </dd> </dl> </div> </div> </div> </div></div> <div class="container abstract_container responsivegrid aem-GridColumn aem-GridColumn--default--12"><div> <div id="container-106394b640" class="cmp-container"> <div class="c11_separator separator"><div class="sc-grid"> <div class="sc-grid-row"> <div class="sc-grid-col-mq1-12"> <div id="separator-234b12fcc8" class="cmp-separator"> <hr class="cmp-separator__horizontal-rule"/> </div> </div> </div> </div></div> <div class="sc-m-core-text--wrapper sc-m-text-margin-small"> <div class="sc-grid"> <div class="sc-grid-row"> <div class="sc-grid-col-mq1-12 sc-grid-col-mq4-10"> <div class="sc-m-core-text"> <div data-cmp-data-layer="{"c01_text-bd63d105b1":{"@type":"schindler-aem/core/components/content/c01_text","repo:modifyDate":"2024-07-19T03:58:44Z","xdm:text":"<h2>Delivering on commitments<br />\r\n</h2>\r\n<ul>\r\n<li>Service and Modernization markets robust; persisting challenges in New Installation markets</li>\r\n<li>Growth in order intake and revenue in local currencies</li>\r\n<li>EBIT margin 11.0%, EBIT adjusted margin 11.4%; six consecutive quarters of margin improvement</li>\r\n<li>Solid improvement in cash flow from operating activities: up 30%</li>\r\n<li>Successful product introductions: new standardized modular platform gaining traction; new US mid-rise product launched</li>\r\n<li>2024 guidance confirmed<br />\r\n</li>\r\n</ul>\r\n<p>In the first six months of 2024, order intake and revenue reached CHF 5 768 million and CHF 5 593 million, equivalent to a growth in local currencies of 1.0% and 1.4%, respectively. Operating profit increased to CHF 618 million, corresponding to an EBIT margin of 11.0%. The EBIT adjusted margin reached 11.4%. Net profit rose to CHF 494 million, corresponding to a net profit margin of 8.8%. Cash flow from operating activities increased by 30% to CHF 676 million.<br />\r\n</p>\r\n"}}" id="c01_text-bd63d105b1" class="cmp-text"> <h2>Delivering on commitments<br /> </h2> <ul><li>Service and Modernization markets robust; persisting challenges in New Installation markets</li><li>Growth in order intake and revenue in local currencies</li><li>EBIT margin 11.0%, EBIT adjusted margin 11.4%; six consecutive quarters of margin improvement</li><li>Solid improvement in cash flow from operating activities: up 30%</li><li>Successful product introductions: new standardized modular platform gaining traction; new US mid-rise product launched</li><li>2024 guidance confirmed<br /> </li></ul> <p>In the first six months of 2024, order intake and revenue reached CHF 5 768 million and CHF 5 593 million, equivalent to a growth in local currencies of 1.0% and 1.4%, respectively. Operating profit increased to CHF 618 million, corresponding to an EBIT margin of 11.0%. The EBIT adjusted margin reached 11.4%. Net profit rose to CHF 494 million, corresponding to a net profit margin of 8.8%. Cash flow from operating activities increased by 30% to CHF 676 million.<br /> </p> </div> </div> </div> </div> </div></div> <div class="sc-js-refresh-root"> <div class="sc-grid"> <div class="sc-grid-row"> <div class="sc-grid-col-mq1-12"> <ul class="sc-m-download-list"> <li class="c06_downloadListItem download sc-m-download-list__item section"> <a id="c06_downloadListItem-56a9b247b8" data-cmp-data-layer="{"c06_downloadListItem-56a9b247b8":{"parentId":"c06_downloadList-bc790ea92a","@type":"schindler-aem/core/components/content/c06_downloadListItem","dc:description":""}}" data-cmp-clickable href="/content/dam/website/group/docs/investors/2024/2024-schindler-h1-press-release-en.pdf/_jcr_content/renditions/original./2024-schindler-h1-press-release-en.pdf" target="_blank" class="sc-m-download-list__link"> <sc-e-icon class="sc-e-icon sc-m-download-list__icon" icon-id="sc-icon-download"></sc-e-icon> <div class="sc-m-download-list__item-detail"> <div class="sc-m-download-list__item-data"> <span class="sc-m-download-list__item-title"> Press Release </span> <span class="sc-m-download-list__meta-data">(PDF, 61 KB)</span> </div> </div> </a> <div class="sc-m-download-list__item-description sc-m-richtext"> <p>with key figures as of June 30, 2024</p> </div> </li> <li class="c06_downloadListItem download sc-m-download-list__item section"> <a id="c06_downloadListItem-e93e17611a" data-cmp-data-layer="{"c06_downloadListItem-e93e17611a":{"parentId":"c06_downloadList-bc790ea92a","@type":"schindler-aem/core/components/content/c06_downloadListItem","dc:description":""}}" data-cmp-clickable href="/content/dam/website/group/docs/investors/2024/2024-schindler-h1-interim-report-en.pdf/_jcr_content/renditions/original./2024-schindler-h1-interim-report-en.pdf" target="_blank" class="sc-m-download-list__link"> <sc-e-icon class="sc-e-icon sc-m-download-list__icon" icon-id="sc-icon-download"></sc-e-icon> <div class="sc-m-download-list__item-detail"> <div class="sc-m-download-list__item-data"> <span class="sc-m-download-list__item-title"> Interim Report </span> <span class="sc-m-download-list__meta-data">(PDF, 215 KB)</span> </div> </div> </a> <div class="sc-m-download-list__item-description sc-m-richtext"> <p>as of June 30, 2024</p> </div> </li> </ul> </div> </div> </div> </div> </div> </div></div> <div class="t51_footercontainer abstract_xfcontainer aem-GridColumn aem-GridColumn--default--12"> <div class="sc-m-footer" id="t51_footer-21309dae6c" data-cmp-data-layer="{"t51_footer-21309dae6c":{"parentId":"responsivegrid-93d304e014","@type":"schindler-aem/core/components/templating/t51_footer","dc:description":""}}"> <div class="t51_footer_social sc-m-footer-social"> <div class="sc-grid"> <div class="sc-grid-row"> <div class="sc-grid-col-mq1-12 sc-m-footer-social__content" id="t51_footer_social-7324d3290b" 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sc-grid-col-mq2-4 sc-grid-col-mq4-3"> <p class="sc-m-footer-contact__title">Schindler Management Ltd.</p> <p class="sc-m-footer-contact__subtitle">Headquarters</p> </div> <div class="sc-grid-col-mq1-12 sc-grid-col-mq2-4 sc-grid-col-mq4-3"> <div class="t51_contact text sc-m-footer-contact__option sc-m-richtext"> <div data-cmp-data-layer="{"t51_contact-a034a3d78f":{"@type":"schindler-aem/core/components/templating/t51_footer/t51_contact_row/t51_contact","repo:modifyDate":"2021-05-27T10:10:47Z","xdm:text":"<p>Zugerstrasse 13<br />\r\n6030 Ebikon<br />\r\nSwitzerland</p>\r\n<p><br />\r\nPhone: <a href=\"tel:+41414453232\" target=\"_blank\" rel=\"noopener\">+41 41 445 32 32</a></p>\r\n"}}" id="t51_contact-a034a3d78f" class="cmp-text"> <p>Zugerstrasse 13<br /> 6030 Ebikon<br /> Switzerland</p> <p><br /> Phone: <a href="tel:+41414453232" target="_blank" rel="noopener noreferrer">+41 41 445 32 32</a></p> </div> </div> </div> <div class="sc-grid-col-mq1-12 sc-grid-col-mq2-4 sc-grid-col-mq4-3"> 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