Annual Results 2016: Growth strategy yielding results

In a challenging environment, Schindler further strengthened its market position and achieved operational progress. Orders received, revenue, and operating profit reached record levels. Orders received rose by 4.1% to CHF 10 374 million (4.6% in local currencies). Revenue grew by 3.1% to CHF 9 683 million (3.6% in local currencies). Operating profit (EBIT) increased by 13.1% to
CHF 1 133 million (13.9% in local currencies) and the EBIT margin was 11.7% (previous year: 10.7%). Before exceptional items, the EBIT margin was 11.5%. Net profit improved by 10.2% to CHF 823 million. Before exceptional items, net profit was CHF 766 million.