The year 2018 saw a continuation of the market trends that had already emerged in previous years, as challenges intensified. Despite material costs and wage inflation, continued pricing pressure, and the return of foreign exchange headwinds, Schindler generated strong growth and maintained stable margins.
Order intake grew by 6.2% to CHF 11 669 million and revenue rose by 6.9% to CHF 10 879 million. Operating profit increased by 6.9% to CHF 1 269 million and the EBIT margin reached 11.7%, in line with the previous year. Net profit increased by 14.0% to CHF 1 008 million. Cash flow increased by 24.1% to CHF 1 005 million.