Annual Results 2015: Successful execution of growth strategy

As a result of the disciplined implementation of its strategy, Schindler succeeded in materially strengthening its position across the world’s largest markets in the reporting year. It delivered marked increases in orders received, revenue, EBIT margin and cash flow. Orders received improved by 4.6% in local currencies and revenue by 6.7%. However, the figures in Swiss francs were substantially affected by negative foreign exchange impacts. In Swiss francs, orders received declined by 0.1% to CHF 9 967 million, and revenue grew by 1.6% to CHF 9 391 million. Operating profit (EBIT)1 and net profit2 for the previous year were strongly impacted by exceptional items. On a comparable basis, EBIT rose by CHF 70 million to CHF 1 002 million, corresponding to an improvement of 7.5% (+16.8% in local currencies) and an EBIT margin of 10.7%. Before restructuring cost EBIT margin reached 11.0% in the reporting year. Net profit rose slightly to CHF 747 million and cash flow reached CHF 1 076 million.