Schindler generated a 7.0% increase in orders received (+8.3% in local currencies) and a 6.2% increase in revenue (+7.5% in local currencies) in the reporting period from January 1 to September 30, 2013. In local currencies there was a further acceleration in growth in orders received (+11.1%) and revenue (+8.6%) in the third quarter.
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Operating profit (EBIT) declined by 5.7% (-4.1% in local currencies) to CHF 682 million compared to the first nine months of the previous year. The EBIT margin was 10.6% for the reporting period (same period of the previous year: 11.9%). Operating profit was below expectations in the third quarter of 2013.
Net profit totaled CHF 368 million. Adjusted for the extraordinary impairment of the Hyundai participation in the amount of CHF 155 million, net profit was CHF 523 million for the reporting period and was therefore in line with the figure for the same period of the previous year (CHF 522 million).
Cash flow from operating activities rose by 17.4% to CHF 613 million.