Brief statement: Growth strategy yielding results

In a challenging environment, Schindler further strengthened its market position and achieved operational progress. Orders received, revenue, and operating profit reached record levels. Orders received rose by 4.1% to CHF 10 374 million (4.6% in local currencies). Revenue grew by 3.1% to CHF 9 683 million (3.6% in local currencies). Operating profit (EBIT) increased by 13.1% to CHF 1 133 million (13.9% in local currencies) and the EBIT margin was 11.7% (previous year: 10.7%). Before exceptional items, the EBIT margin was 11.5%. Net profit improved by 10.2% to CHF 823 million. Before exceptional items, net profit was CHF 766 million.

Outlook for 2017

Schindler will move ahead with the focused implementation of its growth strategy and its measures to further enhance productivity. In view of the large order backlog, an increase in revenue of between 3% and 5% in local currencies is expected for 2017. A forecast concerning its net profit for 2017 will be provided together with the publication of the half-year results.

1) Gain on sale of operations in Japan: CHF 50 million, restructuring costs: CHF 27 million

2) Gain on sale of operations in Japan (after taxes): CHF 31 million, revaluation gain ALSO participation: CHF 26 million

3) Restructuring costs: CHF 29 million

The Annual Report is available online from 6:30 CET at: www.schindler.com/com/internet/en/investor-relations/reports.html

The full version of the press release will be distributed at 6:30 CET and will be published on: www.schindler.com