In the first nine months of 2014, Schindler generated a 6.7% increase in orders received and a 7.1% increase in revenue in local currencies. In Swiss francs, the growth in orders received was 2.9% and the growth in revenue was 3.2%, reflecting negative foreign exchange impacts.
Operating profit (EBIT) rose by CHF 218 million compared to the first nine months of 2013 to CHF 900 million, corresponding to an EBIT margin of 13.5%. Adjusted for exceptional items, operating profit was CHF 673 million and the EBIT margin was 10.1% (same period of the previous year: 10.6%).
Net profit totaled CHF 703 million, significantly exceeding the result for the first nine months of 2013. Before exceptional items, net profit amounted to CHF 523 million and was unchanged compared to the same period of the previous year.
“Our new majority shareholding in XJ-Schindler (Xuchang) Elevator Co. Ltd., the strong sales of the Schindler 3600 and Schindler 5500 elevator lines, and the construction of new production facilities in China and India, demonstrate that we are consistently implementing our growth strategy,” stated CEO Silvio Napoli. XJ-Schindler has been consolidated since August 18, 2014.