Schindler Sees Slight Revenue Growth in 2025

Schindler, the Swiss lift and escalator manufacturer, has forecasted low single-digit revenue growth in local currency terms for 2025, as the new construction environment continues to decline while modernization and services grow. The company's fourth quarter sales were 2.86 billion Swiss francs ($3.13 billion), below analysts' average forecast of 2.95 billion francs in a poll compiled by Vara Research.

Schindler's revenue growth in 2025 is driven by two key factors: modernization and services growth, and regional performance. The company expects growth in local currencies in all regions except China, with modernization and services compensating for the decline in new construction. This shift in revenue growth strategy aligns with Schindler's long-term strategic goals of maintaining a balance between revenue growth and operational efficiency, as well as its commitment to reaching net-zero emissions by 2040.

However, Schindler faces challenges in the new construction environment, which is continuing to decline. The company is addressing these challenges by focusing on growth in modernization and services, improving operational efficiency and implementing price increases, and investing in the development and launch of new products. By maintaining its focus on these areas, Schindler is positioning itself to maintain growth and profitability despite the declining new construction environment.



In conclusion, Schindler's forecasted low single-digit revenue growth in local currency terms for 2025 reflects the company's ability to adapt to changing market conditions and maintain a focus on modernization, services, and regional diversification. By addressing the challenges in the new construction environment and maintaining its long-term strategic goals, Schindler is well-positioned to continue its growth and success in the coming years.