Schindler : seizes opportunities for growth (Key figures Q3/2014)
October 21, 2014 at 12:40 am EDT
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In the first nine months of 2014, Schindler generated a 6.7% increase in orders received and a 7.1% increase in revenue in local currencies. In Swiss francs, the growth in orders received was 2.9% and the growth in revenue was 3.2%, reflecting negative foreign exchange impacts.
Operating profit (EBIT) rose by CHF 218 million compared to the first nine months of 2013 to CHF 900 million, corresponding to an EBIT margin of 13.5%. Adjusted for exceptional items, operating profit was CHF 673 million and the EBIT margin was 10.1% (same period of the previous year: 10.6%).
Net profit totaled CHF 703 million, significantly exceeding the result for the first nine months of 2013. Before exceptional items, net profit amounted to CHF 523 million and was unchanged compared to the same period of the previous year.
"Our new majority shareholding in XJ-Schindler (Xuchang) Elevator Co. Ltd., the strong sales of the Schindler 3600 and Schindler 5500 elevator lines, and the construction of new production facilities in China and India, demonstrate that we are consistently implementing our growth strategy," stated CEO Silvio Napoli. XJ-Schindler has been consolidated since August 18, 2014.
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