ContactSitemapSearch
Print
News
| Home |
|
Positive performance – painful foreign exchange impact
16. August 2011
Press release
The strong appreciation of the Swiss franc had a severe impact on performance in the first half of 2011.
Schindler recorded a 4.8% increase in orders received and a 5.7% rise in operating revenue in local currencies. When converted into Swiss francs, however, orders received declined by 6.5% and operating revenue fell by 5.7%.
Net profit grew by 4.1% to CHF 353 million (first half of 2010: CHF 339 million). Excluding the accounting gain resulting from the revaluation of ALSO-Actebis, net profit from continuing operations totaled CHF 318 million (first half of 2010: CHF 327 million).
The elevators and escalators business generated an EBIT margin of 12.0%, thus maintaining the same level of profitability as in the first half of 2010 (12.1%).
Full interim report (pdf)
The strong appreciation of the Swiss franc had a severe impact on performance in the first half of 2011.
Schindler recorded a 4.8% increase in orders received and a 5.7% rise in operating revenue in local currencies. When converted into Swiss francs, however, orders received declined by 6.5% and operating revenue fell by 5.7%.
Net profit grew by 4.1% to CHF 353 million (first half of 2010: CHF 339 million). Excluding the accounting gain resulting from the revaluation of ALSO-Actebis, net profit from continuing operations totaled CHF 318 million (first half of 2010: CHF 327 million).
The elevators and escalators business generated an EBIT margin of 12.0%, thus maintaining the same level of profitability as in the first half of 2010 (12.1%).
Full interim report (pdf)
News Archive
The archive helps you to find news of past years. Feel free to browse the news archive.
Archive 2011
Archive 2010
Archive 2009
Archive 2008
© 2012 Schindler Management Ltd. - Use of this website as stated in our legal statement.