Schindler Posts Decline In 2011 Profit, Expects Increase In 2012 Profit

Schindler Holding AG SHLAF posted a fall in 2011 profit and projected a rise in its net profit in 2012. Schindler's revenue dropped 4.1% to CHF7.85 billion, from CHF8.19 billion, in the year-ago period. Its net profit declined 14.1% to CHF611 million from CHF711 million.