Brief statement: Increase in revenue and profit

In the first quarter of 2015, orders received reached CHF 2 443 million, in line with the same period of the previous year (CHF 2 442 million). In local currencies, an increase of 2.2% was recorded compared to the strong first quarter of 2014, which included a higher share of large projects. Revenue grew by 4.4% to CHF 2 137 million (+7.0% in local currencies). Operating profit (EBIT) amounted to CHF 222 million, corresponding to an increase of 8.3% (+13.7% in local currencies) compared to the first quarter of 2014. The EBIT margin improved from 10.0% to 10.4%. At CHF 168 million, net profit rose by 5.0% compared to the same period of the previous year.

Outlook for 2015

Thanks to its strong order backlog, Schindler expects to generate an increase in revenue of 7% to 9% in local currencies for 2015. Reflecting the recent recovery of the US dollar, the negative translation impact from foreign currencies will be lower than the 10% estimated at the beginning of the year. A forecast concerning net profit for 2015 will be issued with publication of the company's half‑year results.

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