Schindler : Key figures Q3/2015: Continued growth and improved profitability
October 23, 2015 at 12:35 am EDT
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In the reporting period Schindler recorded continued improvements in orders received, revenue and net profit. Orders received increased by 3.9% in local currencies but decreased in Swiss francs by 0.7% to CHF 7 361 million due to negative foreign exchange impacts.
Revenue in Swiss francs grew by 2.2% to CHF 6 802 million and by 7.3% in local currencies.
Operating profit and net profit were impacted by exceptional items in 2014. For the first nine months 2015, comparable operating profit (EBIT) totaled CHF 725 million which represents an increase of 7.7% in Swiss francs and of 16.8% in local currencies. The improvement in the third quarter 2015 was 7.8% in Swiss francs and 20.8% in local currencies. For the first nine months the EBIT margin reached 10.7% compared to 10.1% in the same period of the previous year. In the third quarter an EBIT margin of 10.8% was achieved (third quarter of 2014: 10.0%). In the first nine months the comparable net profit improved by 5.7% to CHF 553 million 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