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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