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Marked improvement in operational performance
18. February 2010
Press release
Thanks to promptly initiated measures, in the economically difficult financial year 2009 Schindler increased net profit relative to the previous year by 3 % to CHF 653 million. In the elevator & escalator business, operating profit rose by 7.5 % to CHF 962 million, and the EBIT margin improved from 10.2 % to 11.6 %. After a loss of CHF 11 million in the previous year, ALSO attained a profit of CHF 15 million despite a special amortization charge of CHF 11 million, in the reporting year.
Complete article from www.schindler.com
Thanks to promptly initiated measures, in the economically difficult financial year 2009 Schindler increased net profit relative to the previous year by 3 % to CHF 653 million. In the elevator & escalator business, operating profit rose by 7.5 % to CHF 962 million, and the EBIT margin improved from 10.2 % to 11.6 %. After a loss of CHF 11 million in the previous year, ALSO attained a profit of CHF 15 million despite a special amortization charge of CHF 11 million, in the reporting year.
Complete article from www.schindler.com
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