ELEVATOR maker Schindler’s operating profit grew around 7 percent in the second quarter (Q2) of 2026, the Swiss company said on Tuesday, supported by operational efficiencies, higher pricing and a change in the product mix.
It reported quarterly earnings before interest and taxes of 369 million Swiss francs ($455 million), compared with 346 million francs a year ago. That was above analysts’ average forecast of 366.5 million francs, a poll compiled by Vara showed.
“The momentum of our new modular product platform is driving growth in New Installations outside of China, particularly in Europe,” CEO Paolo Compagna said.
The Lucerne-based company, which makes elevators, escalators and moving walkways, is facing pressure in China, as the world’s second-biggest economy grapples with a prolonged slump in the property market.
Its quarterly revenue missed market expectations, falling 0.7 percent from last year to 2.74 billion francs, against a consensus of 2.78 billion francs, due to a sluggish Chinese market and effects of currency exchange.
