Schindler : Key figures Q1/2015: Increase in revenue and profit
April 28, 2015 at 12:34 am EDT
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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. 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.
Schindler Holding AG is a Switzerland-based holding company that specializes in the manufacture of escalators, elevators and moving walks. It operates globally within one main segment: Elevators and Escalators. The Elevators and Escalators segment provides a range of elevators for different applications, including freight and special elevators, high-rise elevators, residential elevators and commercial elevators. It also offers commercial and public transport escalators, as well as inclined and horizontal moving walks. It's affiliated company, ALSO Holding AG, which provided information and communications technology and consumer electronics in the wholesale and logistics sectors, was disposed during 2011 and merged with Actebis GmbH, forming ALSO-Actebis Holding AG. In June 2014, closed the real estate development project Mall of Switzerland (formerly EbiSquare) together with Halter AG and sold its stake in EbiSquare AG to Halter AG