In brief (pro forma)

  • Sales increased by 2.6 % to CHF 1,135.5 million (previous year CHF 1,106.6 million)

  • EBITDA margin improved to 14.6 % (previous year 13.7 %)

  • Strong balance sheet – solid equity ratio of 41.2 %

  • New organizational structure with six operational segments:

    • Access Solutions AMER (North and South America)

    • Access Solutions APAC (Asia-Pacific)

    • Access Solutions DACH (Germany, Austria and Switzerland)

    • Access Solutions EMEA (Europe, Middle East and Africa)

    • Key Systems

    • Movable Walls

  • As a result of the business combination first cost savings realized

In these consolidated half-year financial statements for 2015/2016, the former Dorma Group’s entities are consolidated from 1 September 2015 (for four months) in line with Swiss GAAP FER. Unless otherwise stated, the published prior-year figures relate to the business activities of the former Kaba Group. To ensure the financial key figures reflect the dorma + kaba Group’s distinguished market position and to increase the significance and the interpretability, separate pro forma figures are shown as the Dorma Group would have been consolidated since 1 July 2015. Hence, besides the actual results also pro forma results on Group level for the reporting period, for the comparable period of the previous year and for the full 2014/2015 financial year are available. The pro forma results of the previous year were converted with the exchange rate of the half-year financial statements 2015/2016 in order to increase the comparability also in this respect. Commentaries in the texts about the income statement refer to these pro forma figures (with the figures reported under Swiss GAAP FER in brackets). The pro forma figures are shown in the presentation and in the press release on the half-year results.