Order Growth and Modernization Surge
The company reported over 5% order growth in local currencies, with the Modernization business growing 22% in the first half of the year. The Modernization segment saw accelerated double-digit growth in all regions.
Strong Operating Margin
Operating margin reached 12.3% for the first half of the year, with SG&A efficiency initiatives and procurement and supply chain operations supporting the margins.
Positive Response to U.S. Mid-Rise Product
The new U.S. mid-rise product launch received overwhelmingly positive customer feedback, with successful initial installations setting up for a complete rollout in the coming quarters.
Efficiency Gains in SG&A
Significant operational improvements were noted, with SG&A cost reductions and solid procurement savings contributing to a standout EBIT margin performance of 13.5% adjusted in Q2, up 190 basis points year-on-year.