In the first half of 2014, Schindler pursued its growth strategy and achieved an increase of around 7.5% in both orders received and revenue in local currencies. As a result of negative foreign exchange impacts, orders received and revenue each grew by 2.1% in Swiss francs. Operating profit totaled CHF 524 million, corresponding to an EBIT margin of 12.1% (first half of 2013: 11.1%). This includes an extraordinary gain of CHF 82 million generated in connection with the Mall of Switzerland development project.
Net profit amounted to CHF 371 million, thus significantly exceeding the result for the first half of 2013. Adjusted for exceptional items, net profit was 6.9% lower than in the first half of 2013.
“We achieved further profitable growth and significantly strengthened our position in the Asia/Pacific region,” stated CEO Silvio Napoli. “Thanks to the accelerated expansion of our business in growth markets, our investments in production facilities, and the launch of new products, we were able to pursue our growth path – especially in China and India – during the first half of this year.”