We Elevate
Outlook 2021
As of February 17, 2021
Business environment
☐
High level of uncertainty regarding
economic developments due to
pandemic remains
No full market recovery to 2019 levels
in sight until 2022, at the very earliest
Increased cost and pricing pressure
Opportunities with new customer
solutions and digitalization
■ Maintenance business largely resilient but
facing increasing pricing pressure
☐
Long-term growth drivers remain intact
Schindler outlook for 2021
■ Revenue growth of between 0% to 5%
in local currencies, excluding any other
unforeseeable events
Negative FX translation effects continue
to be a burden
■ Focus on cost competitiveness
■ Accelerated investments in strategic
initiatives
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