Q1 2026 Schindler Holding AG Earnings Call Transcript
Key Points
- Schindler Holding AG (SHLAF) reported a 3% growth in order intake for Q1 2026, driven by strong product momentum and improvements in field installation efficiencies.
- The company's modernization segment saw a significant 15% increase in order intake, with double-digit revenue growth across all regions.
- Operating margin expanded by 100 basis points to 13% in Q1, indicating strong operational performance.
- Schindler Holding AG (SHLAF) achieved a net profit margin in double digits, reflecting effective cost management and operational improvements.
- The company received the ESG Award '26 for its low-carbon emission steel elevator pilot, highlighting its commitment to sustainability and innovation.
- Revenue growth was modest at 1.7% in Q1 2026, with the new installations business experiencing a high single-digit decline, particularly impacted by challenges in China.
- The company faced significant foreign exchange headwinds, with an FX impact of over CHF200 million on order intake due to the appreciation of the Swiss franc.
- Schindler Holding AG (SHLAF) is experiencing additional cost inflation pressures from logistics, fuel, energy, and commodities, which could impact profitability.
- The geopolitical crisis in the Middle East has posed challenges for new installation deliveries, although the region contributes less than 2% to the company's revenue.
- Despite strong performance in modernization, the company has not revised its market outlook upwards, citing uncertainties in global construction markets and potential impacts from geopolitical tensions.
Ladies and gentlemen, welcome to the Schindler Q1 results 2026 conference call and live webcast. I am Malentina, the chorus call operator.
(Operator Instructions).
The conference is being recorded. The presentation will be followed by a Q&A session. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Lars Brorson, Head, Investor Relations. Please go ahead.
Thank you, Valentina. Good morning, ladies, and gentlemen, and welcome to our Q1 2026 results conference call. My name is Lars Brorson. I'm Head of Investor Relations at Schindler. I'm here together with Paolo Compagna Company, our CEO, and Carla De Geyseleer, our CFO.
As usual, Paolo will discuss the highlights of our Q1 results and our 2026 market outlook, and Carla will take us through the financials. After the presentation, we are happy to take your questions. We plan to close the call at 11:00 AM.
With that, I hand over to Paolo. Paolo,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
