| Schindler Group: Pleasing first half of 2010 |
| 17.08.10 07:01 | |
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Net profit improved by 5.9% to CHF 339 million in the first half of 2010. Cash flow rose substantially (+15.7%) to CHF 421 million. In the elevators and escalators business, Schindler recorded a 9.1% increase in orders received (+9.4% in local currencies) compared to the first half of 2009. Compared to the second quarter of 2009, orders received rose by 10.4% (+10.7% in local currencies). Operating profit totaled CHF 487 million in the first half of 2010, which corresponds to an EBIT margin of 12.1%. A margin of 12.3% was generated in the second quarter. Excluding any unforeseeable events, Schindler expects net profit for 2010 to be approximately in line with the previous year's good result. The full version of the Interim Report as of June 30, 2010, will be distributed at 07.00 a.m. and published on www.schindler.com. |
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