Schindler started the year 2018 with robust order intake, revenue and net profit. In the first quarter, order intake increased by 8.2% to CHF 2 822 million (+7.6% in local currencies). Revenue rose by 9.4% to CHF 2 473 million (+8.9% in local currencies). Operating profit (EBIT) grew by 8.1% to CHF 281 million (+7.3% in local currencies) and the EBIT margin was 11.4% (first quarter of 2017: 11.5%). Net profit increased by 16.2% to CHF 208 million and cash flow from operating activities totaled CHF 330 million (first quarter of 2017: CHF 356 million).
Results and their comparability with previous periods should be considered in light of the first-time application of new accounting standards (IFRS 9 and IFRS 15).