Schindler Holding AG

SCHN: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Schindler Earnings: Record Margins as Modernization Orders Compound

Joachim Kotze

Jul 21, 2026

Schindler reported record first-half EBIT margin of 13.2%, despite just 1.4% local-currency revenue growth, as modernization momentum and modular platform efficiencies more than offset foreign exchange and China weakness. Management confirmed its full-year guidance.

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Schindler Holding AG

Schindler Earnings: Record Margins as Modernization Orders Compound

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