Schindler forecasts modest 2026 revenue growth amid China pressure

Logo of Swiss elevator maker Schindler is seen in Zurich · Reuters

Reuters

Wed, February 11, 2026 at 3:16 PM GMT+9 1 min read

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Feb 11 (Reuters) - Swiss lift and escalator maker Schindler said it expects 2026 revenue to grow by low- ‌to mid-single digits in local currencies, anticipating recovering new ‌installations in key markets to offset tariff impacts and pressure in China.

Fourth-quarter sales ​of 2.79 billion Swiss francs ($3.64 billion) were in line with the average forecast of 2.79 billion francs from analysts polled by Vara.

Schindler said the market saw a strong finish to the year in ‌the Americas and Asia ⁠Pacific, with growth in the new installations business, except for China, where that category shrank by more ⁠than 10% in 2025.

The Chinese economy has struggled with a prolonged property crisis, as new construction starts slumped 20.4% in 2025 ​after a ​fall of 23% the year ​before.

The company expects 2026 headwinds ‌from volatile commodity prices and restructuring costs, as well as impacts from the product mix, along with market uncertainty, tariff impact and market pressures in the Chinese new installations business.

As positives for the 2026 financial year it expects selective bolt-on mergers and ‌acquisitions, pricing discipline and continuous operational ​improvement to help boost performance, as ​well as growing markets ​for modernisation and a recovery in the new ‌installations business in key markets.

The ​company said it ​would propose a dividend of 6 francs per share and participation certificate, stable at the same level as last ​year, but would also ‌propose an extraordinary dividend of 0.80 per share and ​participation certificate.

($1=0.7659 Swiss francs)

(Reporting by Bernadette Hogg; Editing by ​Muralikumar Anantharaman and Clarence Fernandez)

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