Schindler Annual Results 2021
Challenge #1: foreign exchange burden
Pressure expected to continue due to Swiss franc strength
Impact on revenue and EBIT since 2008
-3 809
Revenue, CHF million
-507
EBIT, CHF million
>90% of revenue in other currencies than CHF
2021
100
January 1, 2008
CNY/CHE
BRL/CHF
2015
6
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OpEx
Revenue
-8%
USD/CHF
www 19%
Significant translation exposure
Swiss franc is the reporting currency for Group accounts
Exposure from corporate functions in Switzerland
Over-proportional OpEx exposure to CHF
-37%
EUR/CHF
→Measures to counter translation exposure
Mitigation of CHF cost exposure
Www-74%
December 31, 2021
CHF
EUR
USD
CNY
INR
BRL
Others
Continued alignment of competences and resources to strategic markets
Minor transaction exposure
Dealt with by systematic hedging process
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