Divisional key figures

Key figures for Division Buildings

Division Buildings reported EBIT of CHF 75.6 million (2024: CHF 75.0 million), based on slightly improved results in building construction, completed real estate transactions and the participation in Cham Swiss Properties.

Real Estate Development contributed CHF 39.9 million to EBIT. At CHF 1,634 million (2024¹: CHF 1,790 million) the Division's revenue was lower than in the previous year. Despite the decline in revenue, the Division improved its EBIT slightly, which underlines its focus on margin. The order book rose to CHF 2,810 million (2024¹: CHF 2,382 million). The book value of the Real Estate portfolio as at 31.12.2025 remained stable at net CHF 190,135 million (2024: CHF 190,680 million). The Division is increasingly specialising in large, complex real estate projects in specific sectors: healthcare, research and education, data and logistics centres, and defence.

Adrian Wyss
Head Division Buildings

¹The previous year's figures were adjusted to reflect the new organisational structure as of 1 April 2025.

Projects of the Buildings Division

New living and working environments for people

Timo Bortolazzo, Junior Project Manager, Schindler-Areal Schlieren

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Key figures for Division Civil Engineering

Division Civil Engineering increased its EBIT to CHF 55.0 million (20241: CHF 48.2 million), influenced by a strong contribution from business activities in Germany.

Revenue rose slightly to CHF 1,925 million (2024¹: CHF 1,870 million), or CHF 1,940 million after adjusting for currency effects.The order book grew to CHF 5,593 million (2024¹: CHF 4,344 million). The Division specialises in tunnelling, infrastructure for energy production and distribution, and mobility on roads and railways.

Erwin Scherer
Head Division Civil Engineering

¹The previous year's figures were adjusted to reflect the new organisational structure as of 1 April 2025.

Civil Engineering Division Projects

Infrastructure for the future

Harald Goldberger, Technical Director, Brenner Base Tunnel JV BBT H41

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Key figures for Division Service Solutions

Division Service Solutions improved its EBIT to CHF 20.5 million (20241: CHF 17.9 million). Revenue decreased slightly to CHF 243 million (20241: CHF 247 million). The Division focuses on high-margin planning and engineering services, while continuing to develop its portfolio of real estate services.

Wincasa won relevant new management mandates in 2025, including for the real estate portfolio of Akara Swiss Diversity Property Fund PK, which has a market value of around CHF 3 billion (from 1.1.2026), and the PUBLICA pension fund’s portfolio, which is worth CHF 4 billion (from 1.1.2027). Several existing client relationships have also been expanded, including the one with Swiss Prime Site.