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| Swiss Schindler delivers the largest profit in its history Swiss elevator and escalator maker Schindler achieved a net profit of CHF 634 million for the financial year 2008, the largest profit in its history. Consolidated operating revenue rose nominally by 1.4% (6.5% in local currencies) to CHF 14 027 million. The elevators and escalators business increased its operating profit by 11.6% to CHF 895 million. The EBIT margin reached 10.2% for the first time. An increased dividend of CHF 2.00 will be proposed to the General Meeting. Consolidated operating revenue grew by 1.4% to CHF 14 027 million in the reporting year. The increase in local currencies was 6.5%. Consolidated operating profit (EBIT) improved by 7.1% to CHF 889 million. Net profit totaled CHF 634 million, up 11% from the comparable prior-year profit of CHF 571 million. Consolidated orders received rose by 2.6% to CHF 14 479 million (an increase of 7.8% in local currencies). The consolidated order backlog declined by 5.3% to CHF 6 396 million but grew by 7.1% in local currencies. The Group's total headcount dropped by a marginal 0.3%, to 45 063 employees. Schindler expects to maintain net profit in 2009 at the current level, barring any negative impacts or costs related to the recession. write your comments about the article :: © 2009 Construction News :: home page |