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Feb 11 (Reuters) – Swiss lift and escalator maker Schindler said it expects 2026 revenue to grow by low- \u200cto mid-single digits in local currencies, anticipating recovering new \u200cinstallations in key markets to offset tariff impacts and pressure in China.<\/p>\n
Fourth-quarter sales \u200bof 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.<\/p>\n
Schindler said the market saw a strong finish to the year in \u200cthe Americas and Asia \u2060Pacific, with growth in the new installations business, except for China, where that category shrank by more \u2060than 10% in 2025.<\/p>\n
The Chinese economy has struggled with a prolonged property crisis, as new construction starts slumped 20.4% in 2025 \u200bafter a \u200bfall of 23% the year \u200bbefore.<\/p>\n
The company expects 2026 headwinds \u200cfrom 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.<\/p>\n
As positives for the 2026 financial year it expects selective bolt-on mergers and \u200cacquisitions, pricing discipline and continuous operational \u200bimprovement to help boost performance, as \u200bwell as growing markets \u200bfor modernisation and a recovery in the new \u200cinstallations business in key markets.<\/p>\n
The \u200bcompany said it \u200bwould propose a dividend of 6 francs per share and participation certificate, stable at the same level as last \u200byear, but would also \u200cpropose an extraordinary dividend of 0.80 per share and \u200bparticipation certificate.<\/p>\n
($1=0.7659 Swiss francs)<\/p>\n
(Reporting by Bernadette Hogg; Editing by \u200bMuralikumar Anantharaman and Clarence Fernandez)<\/p>\n<\/p><\/div>\n