Schindler reports record profit
Swiss elevator and escalator maker Schindler has posted a record 11 per cent increase in full-year net profit for 2008 to SFr634 million ($546.5 million).
This content was published on February 17, 2009
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Revenue grew by 1.4 per cent to SFr14.02 billion last year, but Schindler warned that a further weakening in economic growth in 2009 would hit demand for its products.
"Many countries are already in a recession, and it is extremely difficult to anticipate how the economy will develop," a group statement said.
An increased dividend of SFr2 will be proposed to the general meeting. The group's workforce of 45,000 remained almost unchanged in 2009.
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