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| Schindler reports performance in first half of 2011 Schindler, a Swiss producer of elevators and escalators, said the strong appreciation of the Swiss franc had a severe impact on performance in the first half of 2011. The company 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%). write your comments about the article :: © 2011 Construction News :: home page |