Schindler, the renowned Swiss lift and escalator manufacturer, has reported impressive first-quarter results for 2025, showcasing a robust performance that exceeded analysts' expectations. The company's order intake reached 2.95 billion Swiss francs ($3.58 billion), marking a 6% increase year-on-year in local currencies. This growth was driven by all regions except China, highlighting the company's strong global presence. Revenue also saw a 2.5% rise from the previous year, totaling 2.73 billion francs, slightly surpassing the anticipated 2.71 billion francs. Operating cash flow significantly exceeded expectations, reaching 540 million francs compared to the forecasted 309 million francs. These positive results underscore Schindler's resilience and adaptability in a dynamic market.
Despite the strong performance, Schindler has revised its 2025 outlook for the Americas market downward. The company now anticipates up to a 5% contraction in new installations, reversing its earlier prediction of up to 5% growth. This adjustment is attributed to an estimated annualized cost impact of 33 million francs due to tariffs. The Americas represent 29% of Schindler’s revenue, and over 95% of components used in U.S. products are locally sourced. The company operates major manufacturing facilities in North Carolina and Pennsylvania, emphasizing its commitment to the U.S. market. While the outlook adjustment reflects current challenges, Schindler's overall performance remains strong, demonstrating its capacity to navigate market fluctuations effectively.