Finance
Lift maker Schindler says US tariff hit not as bad as feared
Published by Global Banking & Finance Review®
Posted on February 11, 2026
2 min readLast updated: February 11, 2026
Quick Summary
Schindler reduces its annual tariff impact estimate to 18 million Swiss francs due to lowered US tariffs on Swiss exports, easing financial pressure.
Lift maker Schindler says US tariff hit not as bad as feared
Impact of U.S. Tariffs on Schindler
By Bernadette Hogg
Financial Projections
Feb 11 (Reuters) - Schindler expects the hit from U.S. tariffs to be smaller than it had initially feared, though CEO Paolo Compagna told Reuters the Swiss lift maker was prepared for further volatility.
Manufacturing and Supplier Strategies
The company expects U.S. import duties to have an annual gross impact of 18 million Swiss francs ($23.5 million) on its bottom line, finance chief Carla De Geyseleer said during a post-earnings call on Wednesday.
Future Tariff Preparedness
This was lower than the group's initial estimate of 33 million francs, communicated in April 2025.
One reason for the more contained impact was Schindler's manufacturing presence in the U.S., with most of the tariff costs coming from suppliers charging higher prices for imported components, Compagna said in an interview.
The company aims to recover some of the yearly impact through pricing, efficiency measures and negotiations with suppliers, Compagna said.
Schindler is also prepared to react, should there be additional tariffs that would impact it, he added.
Washington hit Swiss exports to the U.S. with a 39% tariff from August, one of the highest rates worldwide. That was cut to 15% in November.
($1 = 0.7661 Swiss francs)
(Reporting by Bernadette Hogg in Gdansk, editing by Milla Nissi-Prussak)
Key Takeaways
- •Schindler revises tariff impact estimate to 18 million francs.
- •Initial estimate was 33 million francs in April 2025.
- •US tariffs on Swiss exports reduced from 39% to 15%.
- •Tariff changes affect Schindler's financial outlook.
- •Carla De Geyseleer discusses impacts on earnings call.
Frequently Asked Questions about Lift maker Schindler says US tariff hit not as bad as feared
1What is the impact of tariffs on exports?
Tariffs can significantly increase the cost of exported goods, making them less competitive in foreign markets. This can lead to reduced sales and profits for companies.
2What is an annual estimate?
An annual estimate is a projection of a company's financial performance over a year, often used for budgeting and financial planning.
3What is the role of a finance chief?
A finance chief, or CFO, is responsible for managing a company's financial operations, including financial planning, risk management, record-keeping, and financial reporting.
