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Schindler Management Ltd. Corporate Communications Key figures as of March 31 , 2021 Press release April 30 , 2021 Schindler Schindler reports Q1 growth , announces Top Speed 23 program , cautious market assessment For the first quarter of 2021 , order intake rose 8.0 % to CHF 2 937 million and revenue increased 6.3 % to CHF 2 602 million , while operating profit increased to CHF 288 million , corresponding to an EBIT margin of 11.1 % ( EBIT adjusted 11.6 % ) supported by favorable prior - year comparison , particularly related to the first quarter 2020 lockdown in China . Net profit amounted to CHF 213 million , and cash flow from operating activities improved from CHF 323 million to CHF 457 million . With these results , order intake , revenue and EBIT are broadly in line with the pre - pandemic performance of Q1 2019. In combination with the first quarter 2021 results , Schindler announces the Top Speed 23 program to accelerate digitization , boost product innovation and to address profitability gaps . The program will cost up to CHF 270 million and will run until 2023 . " Our Q1 results should be viewed in the context of the base effect created by the COVID - 19 onset last year . We remain cautious , particularly as the environment continues to be challenging , due to the strong Swiss franc , increasing commodity prices , and pricing pressure , " says Thomas Oetterli , Schindler's CEO . " At the same time , there is no better time to accelerate digital transformation and product development to strengthen our position in key markets and to address profitability gaps . " Order intake and order backlog Order intake rose by 8.0 % to CHF 2 937 million in the first quarter of 2021 ( previous year : CHF 2 720 million ) , corresponding to an increase of 10.6 % in local currencies . All regions contributed to this growth . As of March 31 , 2021 , order backlog increased by 5.8 % to CHF 9 496 million ( previous year : CHF 8 975 million ) . In local currencies , the order backlog rose by 3.3 % and saw continued margin pressure . Revenue In the first quarter 2021 , revenue amounted to CHF 2 602 million ( previous year : CHF 2 447 million ) , which is equivalent to an increase of 6.3 % . Revenue in local currencies rose 8.9 % . M & A activities contributed 2.6 percentage points to growth . Revenue was stable in the Americas , while growing in the EMEA and Asia - Pacific regions , particularly supported by the new installations recovery in China . Schindler Group - Key figures as of March 31 , 2021 Page | 1