Schindler Expects U.S. Tariff Hit To Be Less Than Anticipated

Schindler CEO Paolo Compagna told Reuters the company expects the financial impact of U.S. tariffs to be less than initially feared, although the Swiss lift maker is prepared for "future volatility." Schindler anticipates the annual gross impact of U.S. import duties on its bottom line to be approximately CHF18 million (US$23.5 million), lower than the original estimate of CHF33 million (US$42.9 million) communicated in April 2025. The company operates major U.S. manufacturing facilities in North Carolina and Pennsylvania, with most tariff costs coming from "suppliers charging higher prices for imported components," Compagna said in a post-earnings interview. Pricing, efficiency measures and supplier negotiations aim to soften some of the yearly impact, Compagna said.