Brief statement

October 25, 2016

Progress in a challenging market environment

In the reporting period Schindler increased orders received, revenue and net profit despite increasingly challenging markets. Orders received rose by 4.3% to CHF 7 675 million (+3.9% in local currencies). Revenue was up by 3.7% to CHF 7 054 million (+3.6% in local currencies), while operating profit (EBIT) increased by 7.7% to CHF 781 million (+8.1% in local currencies) and the EBIT margin improved to 11.1% (first nine months of 2015: 10.7%). There was a 6.0% rise in net profit to CHF 586 million.

Outlook 2016

Schindler continues to expect that the global elevator and escalator market will experience a slight decline in 2016 due primarily to weakening markets in China and Latin America.

For the full year 2016 - excluding any unforeseeable events - Schindler continues to expect revenue growth of 3% to 5% in local currencies. As a result of one-off effects (revaluation of the participation in ALSO and sale of operations in Japan), Schindler now expects a net profit of CHF 780 million to CHF 830 million.

The 2016 financial results will be published on February 15, 2017.

Selected key figures as of September 30, 2016:

January to September

in CHF million

2016

2015

Δ %

Δ %
in LC

Orders received

7 675

7 361

4.3

3.9

Revenue

7 054

6 802

3.7

3.6

Operating profit (EBIT)

781

725

7.7

8.1

in %

11.1

10.7

Net profit

586

553

6.0

30.9.2016

31.12.2015

Order backlog

10 118

9 364

8.1

9.7

Number of employees

58 313

56 762

2.7


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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