Skiplink Navigation

Main Features

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).

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.

Neuer Inhalt

Horizontal Line

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.

Click here to see more newsletters