Business review

In 2025, Schindler further increased efficiency and profitability and enhanced its competitiveness – despite ongoing chal­leng­ing market conditions and persistent foreign‑­exchange headwinds.

The year marked the successful completion of the company’s four‑year operational recovery plan, establishing a strong foundation for sustainable and profitable growth. Schindler rolled out modular product platforms in both New Installations and Modernization, strengthened and streamlined its supply chain, and implemented efficiency programs across all markets.

The construction and real estate markets around the world remained constrained by elevated construction costs, weighing on new installations across both residential and nonresidential segments. Nevertheless, the modernization market expanded steadily, driven by an aging global installed base in need of upgrades and replacements. Service markets worldwide also maintained healthy growth momentum.