Brief statement

April 25, 2017

Growth and increased profitability

Schindler has further strengthened its market position and has increased its profitability thanks to operational progress. In the first quarter of 2017, orders received rose by 5.7% to CHF 2 607 million (+5.9% in local currencies). Revenue grew by 3.9% to CHF 2 260 million (+3.8% in local currencies). Operating profit (EBIT) increased by 10.6% to CHF 260 million (+9.4% in local currencies) and the EBIT margin was 11.5% (first quarter of 2016: 10.8%). Net profit reached CHF 179 million (first quarter of 2016: CHF 182 million) and cash flow from operating activities increased to CHF 356 million (first quarter of 2016: CHF 333 million).

Outlook for 2017

Schindler will continue the focused implementation of its growth strategy and its measures to further enhance productivity. It continues to expect an increase in revenue of between 3% and 5% in local currencies for 2017. A forecast concerning its net profit for 2017 will be provided together with the publication of the half-year results.

Selected key figures as of March 31, 2017
January-March

Δ %

In CHF million

2017

2016

Δ %

in LC

Orders received

2 607

2 467

5.7

5.9

Revenue

2 260

2 176

3.9

3.8

Operating profit (EBIT)

260

235

10.6

9.4

in %

11.5

1

10.8

2

Net profit

179

182

-1.6

31.3.2017

31.12.2016

Order backlog

10 409

10 004

4.0

4.5

Number of employees

58 570

58 271

0.5

1 Before restructuring costs (CHF 5 million) 11.7%

2 Before restructuring costs (CHF 4 million) 11.0%

The full version of the press release will be distributed at 06.30 am CET and will be published on www.schindler.com.




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