19 February 2013
Good growth and enhanced profitability
Despite the different developments in its individual markets, Schindler
achieved growth and further improved its operating performance in 2012. Orders
received rose by 8.7% and revenue increased by 5.1%. In local currencies, the
increases amounted to 8.5% and 5.0%, respectively. The elevators and
escalators business generated an operating profit of CHF 1 029 million,
corresponding to an EBIT margin of 12.5%. Net profit totaled CHF 730 million,
significantly exceeding the result for the previous year.
Macroeconomic conditions remain highly uncertain. Schindler expects the
construction sector to expand most rapidly in the growth markets of Asia.
Growth is likely to continue in North, Central, and South America. Meanwhile,
Southern Europe is expected to stabilize at a low level, while Northern Europe
may experience a slight upturn.
Thanks to the strong order backlog, Schindler expects revenue to increase by
approximately 6% in local currencies in 2013 and, excluding any unforeseeable
events, expects a net profit of around CHF 740 million to CHF 790 million.
Selected key figures as of December 31, 2012:
January - December 2012 2011 Î? % Î? % local
In CHF million
Orders received 8 967 8 249 +8.7 +8.5
Revenue 8 258 7 854 +5.1 +5.0
Net profit 730 601 +21.5
Headcount at year-end 45 246 44 387 +1.9
 Retrospective adjustment due to early adoption of IAS 19 - Employee
Benefits (revised) as of January 1, 2012
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