Schindler has further strengthened its market position and has increased its profitability thanks to operational progress.
In the first quarter of 2017, orders received rose by 5.7% to CHF 2 607 million (+5.9% in local currencies). Revenue grew by 3.9% to CHF 2 260 million (+3.8% in local currencies). Operating profit (EBIT) increased by 10.6% to CHF 260 million (+9.4% in local currencies) and the EBIT margin was 11.5% (first quarter of 2016: 10.8%). Net profit reached CHF 179 million (first quarter of 2016: CHF 182 million) and cash flow from operating activities increased to CHF 356 million (first quarter of 2016: CHF 333 million).