Letter to the shareholders
Good start into the financial year 2016/2017
In these consolidated half-year financial statements, we provide two different sets of figures for the previous year period as a result of the business combination of former Dorma and former Kaba, which became effective on 1 September 2015. As a result, the former Dorma Group’s entities were consolidated from 1 September 2015 (for four months) in line with Swiss GAAP FER. The published prior-year figures relate to the business activities of the former Kaba Group for the entire period, while the former Dorma Group was only included for four months (“as reported”). However, to increase interpretability, in addition separate pro forma figures for the previous year period are shown as if the Dorma Group would have been consolidated since 1 July 2015 already. Commentaries in the texts about the income statement refer to these pro forma figures.