Schindler began the year by delivering solid growth. In the first quarter of 2019, order intake rose by 5.2% to CHF 2 968 million (+6.4% in local currencies) and Schindler was thereby able to strengthen its market position.
Revenue increased by 4.4% to CHF 2 582 million (+5.8% in local currencies) in spite of the high comparable base of the prior year and foreign exchange headwinds. Operating profit (EBIT) totaled CHF 274 million (first quarter of 2018: CHF 281 million) corresponding to an EBIT margin of 10.6% (first quarter of 2018: 11.4%). Higher material costs, wage inflation, and the planned increase in expenditure on strategic projects affected the result.
Net profit amounted to CHF 197 million (first quarter of 2018: CHF 208 million) and cash flow from operating activities reached CHF 263 million, equivalent to CHF 391 million before one-off impacts (first quarter of 2018: CHF 330 million).