Strong Order Growth
Order growth accelerated to 6%, the highest since Q2 '23, with Service and Modernization driving this increase. Modernization grew close to 20%, with double-digit growth in all regions outside China.
Revenue Growth and EBIT Margin
Revenue grew 2.5% overall, with the EBIT margin hitting 12%, up 110 basis points year-on-year. There were no restructuring charges this quarter, contributing to the margin increase.
Healthy Cash Flow
Operating cash flow was CHF 540 million, driven by good development in operating earnings and stable net working capital.
Innovation Launch
The X8 product, leveraging innovative digital technologies, was launched at the Milan Design Week, with positive initial customer feedback.
Successful Leadership Transition
The transition to the new CEO was smooth with no operational disruptions, and the company remains committed to its strategic course.