Schindler Management Ltd. Brief statement: Strong growth in orders received, revenue and cash flow Dienstag, 22. April 2014 - 06:03
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Brief statement April 22, 2014 |
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| Strong growth in orders received, revenue and cash flow | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Orders received reached CHF 2 442 million in the first quarter of 2014, exceeding the same period of the previous year by 3.6% (+8.9% in local currencies). Revenue grew by 3.4% to CHF 2 047 million (+8.8% in local currencies). Operating profit (EBIT) amounted to CHF 205 million, corresponding to an EBIT margin of 10.0%. At CHF 160 million, net profit decreased by 3.6% compared to the first quarter of 2013. Cash flow rose by 16.4% to CHF 355 million. Currency translation effects had a significant negative impact on the performance reported in Swiss francs.
Outlook for 2014 Schindler continues to expect that – excluding any unforeseeable events – revenue will increase by around 6% to 8% in local currencies in 2014. Schindler will issue a forecast concerning its net profit for 2014 when it publishes its half-year results.
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