Non-GAAP measures definition in the Schindler reporting

The financial information contained in the reporting includes certain non-GAAP measures, which are not as defined by IFRS. They are used by management for the purpose of defining targets and measuring the Group’s performance. These non-GAAP measures may not be comparable to similar measures at other companies and should not be viewed as a substitute for IFRS measures.

Number of employeesThe number of employees is defined as full-time equivalents (FTE).
Order intakeOrder intake is defined as the total value of orders received in the reporting period for all product lines, new installations, modernization, maintenance, and repairs.
Order backlog Order backlog is defined as the value of all open customer contracts, net of revenue from contracts with customers that was already recognized.
Operating profit
(EBIT), adjusted
Operating profit (EBIT), adjusted, is defined as earnings before interest and taxes (EBIT) in the reporting period, excluding restructuring costs and expenses for BuildingMinds.
Return on equity (RoE)RoE is defined as net profit divided by average total equity.
Net liquidityNet liquidity is defined as follows:
+ Cash and cash equivalents
+ Current financial assets
+ Non-current financial assets (excluding the investment in Hyundai Elevator Co. Ltd.)
– Current financial debts
– Current lease liabilities
– Non-current financial debts– Non-current lease liabilities
Net working capitalNet working capital is defined as follows:
+ Accounts receivable
+ Income tax receivable
+ Contract assets
+ Inventories
+ Prepaid expenses
– Accounts payable
– Income tax payable
– Contract liabilities
– Accrued expenses
Restructuring costs
Restructuring costs are defined as costs related to strategic restructuring measures.
Exceptional items Exceptional items are defined as significant costs and income which, because of their exceptional nature, cannot be viewed as inherent to the Group’s ongoing performance. They include revaluation gains, disposals of Group companies, and impairments.
Changes in local currenciesChanges in local currencies are defined as impacts calculated using constant exchanges rates. The change is calculated by converting the figures for the current period at the previous year’s average rates and comparing the result with the figures for the previous year.

Investor Relations Contact

Marco Knuchel
Head Investor Relations
Tel. +41 41 445 30 61
investor.relations@schindler.com