18.03.2010

Marked improvement in operational performance

Press Release

Thanks to promptly initiated measures, in the economically difficult financial year 2009 Schindler increased net profit relative to the previous year by 3 % to CHF 653 million. In the elevator & escalator business, operating profit rose by 7.5 % to CHF 962 million, and the EBIT margin improved from 10.2 % to 11.6 %. After a loss of CHF 11 million in the previous year, ALSO attained a profit of CHF 15 million despite a special amortization charge of CHF 11 million, in the reporting year.

Complete article from www.schindler.com