Achieved 2024 Outlook
Schindler achieved its 2024 financial outlook despite market headwinds, particularly in China.
EBIT Margin Improvement
The EBIT margin improved by 100 basis points compared to 2023, reaching 11.3% for the year.
Record Net Profit
Net profit for 2024 was over CHF 1 billion, marking a new high for the company.
Strong Operating Cash Flow
Operating cash flow was exceptionally strong, ending the year at CHF 1.6 billion.
Service and Modernization Growth
The service and modernization segments grew by high single digits in local currencies.
Proposed Increased Dividend
The Board proposed a dividend of CHF 6 per share, up from CHF 4 per share in previous years.
Successful Modular Platform Rollout
The rollout of the standardized modular platform is running according to plan across key markets.
High Connectivity Rate
Schindler achieved a high connectivity rate, with connected units now about 40% of the installed base.