Schindler 2015 net profit down 17 pct to 747 mln Sfr
12/02/2016 05:26
ZURICH, Feb 12 (Reuters) - Schindler SCHN.S on Friday
posted 2015 net profit of 747 million Swiss francs ($766.78
million), down 17 percent from last year as the elevator and
escalator maker was hurt by currency exchange rates and by price
pressure, including in China.
Schindler, vying with Finland's Kone KNEBV.HE to be the
second-biggest maker of elevators behind United Technologies'
UTX.N Otis, said pricing and currency pressures are expected
to persist in many markets.
It forecast a slight decline in the global elevator and
escalator market in 2016 due primarily to weakening in China.
The Swiss company plans an ordinary dividend of 2.70 Swiss
francs per registered share and participation certificate.
($1 = 0.9742 Swiss francs)
(Reporting by John Miller)
((J.Miller@thomsonreuters.com; +41 58 306 7734; Reuters
Messaging: j.miller.thomsonreuters.com@reuters.net))
Keywords: SCHINDLER RESULTS/