Media Releases 2013
08/02/13 - Key Systems: Kaba builds up position in South America
Kaba is building up its position in South America with the purchase by its subsidiary Silca of Colombian company Flexon Llaves S.A. The company is Colombia’s market leader for key systems, employs around 80 people and also serves clients in other growth markets in South America.
13/03/13 - HY1 results: Kaba holds its own in a challenging market environment
In the first half of financial 2012/2013, the worldwide active Kaba Group held its own in a challenging market environment. Consolidated sales came to CHF 465.7 million, which is 0.2% higher than in the prior-year period (CHF 464.8 million).
16/09/13 - 2012/2013 Financial Year: Kaba finishes financial year with solid results
Kaba Group finished a challenging financial year with solid results. Despite difficult economic conditions in many markets, the company's key financials nearly matched the prior year's positive figures. Overall, Kaba saw consolidated sales improve by 1.8% to CHF 964.3 million (prior year: CHF 947.5 million).
22/04/13 - Kaba: dividend distribution policy amended
The Board of Directors of the globally active Kaba Group has decided to increase its dividend payout rate from the previous range of 30% to 35% of consolidated net profit to between 40% to 60%. Kaba’s very solid balance sheet and strong cash flows allow it to make this change without slowing the implementation of its strategy.
23/08/13 - Kaba strengthens its position in the Chinese market
Kaba Group is acquiring Shenzhen Probuck Technologies Co. Ltd., which is based in Shenzhen (China). The company, which has around 340 employees, specializes in electronic door lock solutions with biometric identification, based on own fingerprint technology, as well as time and attendance terminals. Probuck Technologies sells its products through more than 100 wholesalers and distributors, with around 3000 sales points in about 80 cities in China.
27/09/13 - Michael Kincaid as new Head of ADS Americas
Michael Kincaid is taking over as the new Head of the Access + Data Systems (ADS) Americas division with effect from 1 October 2013, and will thus join Kaba Group’s Executive Board.
28/10/13 - Purchase of Shenzhen Probuck Technologies completed
Kaba Group completed its purchase of Shenzhen Probuck Technologies Co. Ltd., based in Shenzhen (China), on 28 October 2013. The authorities in the People's Republic of China have now provided the necessary approvals for the acquisition. The parties have agreed not to disclose the purchase price.
29/10/13 - Annual General Meeting approves all Board proposals
Shareholders at Kaba Holding AG's Annual General Meeting have accepted all of the proposals by the Board of Directors. Amongst other things, they have elected John Heppner as a new member of the Board.
5/11/13 - Capital Market Day: Kaba aims for profitable growth
At its Capital Market Day in Vittorio Veneto (IT) today, Kaba Group is showing how it intends to achieve its mid-term targets for the 2015/2016 financial year, and explaining what conditions will have to be in place for this to be possible. It is aiming for 5.0% to 6.0% organic growth and an EBITDA margin of 18.0% (in local currency terms).