Information for investors as at
30 June 2018
|
| dormakaba Group |
|
| Kaba Group | ||||||
in CHF million, except where indicated |
| 2017/18 |
| 2016/17 |
| 2015/16 |
|
| 2014/15 |
| 2013/14 |
Net sales |
| 2,841.0 |
| 2,520.1 |
| 2,302.6 | * |
| 1,085.2 |
| 1,003.5 |
Organic growth in % |
| 2.6 |
| 4.3 | * | 2.3 | * |
| 5.4 |
| 5.1 |
Earnings before depreciation and amortization (EBITDA) |
| 431.0 |
| 387.3 |
| 332.7 | * |
| 170.2 |
| 154.5 |
EBITDA in % of net sales |
| 15.2 |
| 15.4 |
| 14.4 | * |
| 15.7 |
| 15.4 |
Earnings before interest and tax (EBIT) |
| 364.3 |
| 327.0 |
| 278.2 | * |
| 145.0 |
| 130.6 |
EBIT in % of net sales |
| 12.8 |
| 13.0 |
| 12.1 | * |
| 13.3 |
| 13.0 |
Net profit1) |
| 238.7 |
| 224.6 |
| 117.2 | * |
| 98.9 |
| 91.3 |
Net profit in % of net sales |
| 8.4 |
| 8.9 |
| 5.1 | * |
| 9.1 |
| 9.1 |
Net profit after minorities |
| 123.8 |
| 116.4 |
| 60.4 | * |
| 98.4 |
| 91.2 |
Basic earnings per share (in CHF) |
| 29.6 |
| 27.8 |
| 14.4 | * |
| 25.6 |
| 24.0 |
Diluted earnings per share (in CHF) |
| 29.5 |
| 27.7 |
| 14.4 | * |
| 25.6 |
| 24.0 |
Dividend per share (in CHF) |
| 15.0 | 2) | 14.0 |
| 12.0 |
|
| 12.0 |
| 11.0 |
Payout ratio in %3) |
| 51 |
| 50 |
| 55 | * |
| 51 |
| 46 |
Cash generated from operations |
| 367.2 |
| 354.7 |
| 327.6 |
|
| 149.1 |
| 149.3 |
Net cash from operating activities |
| 268.9 |
| 265.3 |
| 255.3 |
|
| 104.3 |
| 105.0 |
Net cash from operating activities in % of net sales |
| 9.5 |
| 10.5 |
| 12.1 |
|
| 9.6 |
| 10.5 |
Net cash used in investing activities |
| –231.8 |
| –964.5 |
| 13.5 |
|
| –142.5 |
| –69.0 |
Free cash flow (net) before dividend |
| 37.1 |
| –699.2 |
| 268.8 |
|
| –38.2 |
| 36.0 |
Net cash flows from financing activities |
| –129.8 |
| 654.1 |
| –213.2 |
|
| 111.4 |
| –93.4 |
Of which dividends paid |
| –58.6 |
| –50.4 |
| –240.7 |
|
| –41.8 |
| –41.9 |
Personnel expenses |
| 1,045.6 |
| 933.3 |
| 792.6 |
|
| 406.0 |
| 390.2 |
Average number of full-time equivalent employees |
| 16,433 |
| 16,250 |
| 15,779 |
|
| 8,948 |
| 7,738 |
Capital Structure |
|
|
|
|
|
|
|
|
|
|
|
Total assets |
| 1,982.3 |
| 1,909.0 |
| 1,579.3 |
|
| 734.3 |
| 650.9 |
Net operating assets |
| 679.2 |
| 570.3 |
| 441.2 |
|
| 331.9 |
| 294.1 |
Return on net operating assets (RONOA) in % |
| 53.6 |
| 57.3 |
| 63.1 | * |
| 43.7 |
| 44.4 |
Total assets in % of net sales |
| 69.8 |
| 75.8 |
| 68.6 | * |
| 67.7 |
| 64.9 |
Property, plant and equipment in % of net sales |
| 16.1 |
| 16.4 |
| 14.3 | * |
| 14.3 |
| 15.6 |
Inventories in % of net sales |
| 15.2 |
| 16.3 |
| 15.8 | * |
| 16.2 |
| 16.5 |
Receivables in % of net sales |
| 17.7 |
| 18.3 |
| 17.5 | * |
| 17.1 |
| 17.8 |
Net working capital |
| 438.3 |
| 398.2 |
| 316.2 |
|
| 177.9 |
| 152.7 |
Net working capital in % of net sales |
| 15.4 |
| 15.8 |
| 13.7 | * |
| 16.4 |
| 15.2 |
(Current assets less cash and cash equivalents and current income tax assets, less trade payables, accrued and other current liabilities, provisions) |
|
|
|
|
|
|
|
|
|
|
|
Net debt |
| 701.2 |
| 627.6 |
| –159.1 |
|
| –121.2 |
| –35.4 |
Net debt/EBITDA |
| 1.6 |
| 1.6 |
| –0.5 | * |
| –0.7 |
| –0.2 |
Interest coverage |
| 10.5 |
| 25.0 |
| 40.6 | * |
| 29.9 |
| 37.7 |
Shareholders’ equity |
| 187.0 |
| 183.1 |
| 680.5 |
|
| 442.1 |
| 323.3 |
Return on equity (ROE) in % |
| 127.6 |
| 122.7 |
| 17.2 | * |
| 22.4 |
| 28.2 |
Shareholders’ equity per share (in CHF) |
| 44.6 |
| 43.5 |
| 162.0 |
|
| 114.9 |
| 85.0 |
1)Only in 2015/16: includes merger related extraordinary expenses CHF 89.4 million.
2)In 2017/18: proposal to the Annual General Meeting; in the form of a distribution of capital reserves.
3)Only in 2015/16: payout ratio excludes extraordinary expenses CHF 89.4 million and the related tax impact.
*Pro forma based (other items as reported)
Information for investors per share data
|
|
| dormakaba Group |
|
| Kaba Group | ||||||
|
|
| 2017/18 |
| 2016/17 |
| 2015/16 |
|
| 2014/15 |
| 2013/14 |
Capital stock |
|
|
|
|
|
|
|
|
|
|
|
|
Registered shares at CHF 0.10 par value | No |
| 4,200,026 |
| 4,200,026 |
| 4,195,026 |
|
| 4,195,026 |
| 3,815,026 |
Outstanding shares at end of financial year | No |
| 4,187,243 |
| 4,177,588 |
| 4,190,963 |
|
| 4,184,261 |
| 3,798,121 |
Weighted average number of shares outstanding (diluted) | No |
| 4,195,507 |
| 4,208,743 |
| 4,200,816 |
|
| 3,848,787 |
| 3,803,998 |
Par value of average outstanding shares | CHF m |
| 0.4 |
| 0.4 |
| 0.4 |
|
| 0.4 |
| 0.4 |
Par value of year-end outstanding shares | CHF m |
| 0.4 |
| 0.4 |
| 0.4 |
|
| 0.4 |
| 0.4 |
Shareholders as at 30 June | No |
| 8,874 |
| 7,525 |
| 7,181 |
|
| 6,683 |
| 6,750 |
Figures per share (fully diluted) |
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA per share (Group) | CHF |
| 102.7 |
| 92.0 |
| 79.2 | * |
| 44.2 |
| 40.6 |
Earnings per share (Group) | CHF |
| 29.5 |
| 27.7 |
| 14.4 | * |
| 25.6 |
| 24.0 |
Dividend (gross) per share | CHF |
| 15.0 | 1) | 14.0 |
| 12.0 |
|
| 12.0 |
| 11.0 |
Payout ratio2) | % |
| 51 |
| 50 |
| 55 | * |
| 51 |
| 46 |
Shareholders’ equity per share (Group) | CHF |
| 44.6 |
| 43.5 |
| 162.0 |
|
| 114.9 |
| 85.0 |
Price per share |
|
|
|
|
|
|
|
|
|
|
|
|
– high | CHF |
| 1,001.0 |
| 888.0 |
| 693.5 |
|
| 630.0 |
| 446.8 |
– low | CHF |
| 674.0 |
| 659.0 |
| 543.0 |
|
| 413.8 |
| 356.0 |
– 31 December | CHF |
| 907.5 |
| 757.0 |
| 683.5 |
|
| 502.5 |
| 433.5 |
– 30 June | CHF |
| 694.5 |
| 833.0 |
| 679.5 |
|
| 556.5 |
| 438.5 |
Market capitalization |
|
|
|
|
|
|
|
|
|
|
|
|
– high | CHF m |
| 4,191.4 |
| 3,709.7 |
| 2,906.4 |
|
| 2,636.1 |
| 1,697.0 |
– low | CHF m |
| 2,822.2 |
| 2,753.0 |
| 2,275.7 |
|
| 1,731.4 |
| 1,352.1 |
– 30 June | CHF m |
| 2,908.0 |
| 3,479.9 |
| 2,847.8 |
|
| 2,328.5 |
| 1,665.5 |
Dividend yield |
|
|
|
|
|
|
|
|
|
|
|
|
– low | % |
| 1.5 | 3) | 1.6 |
| 1.7 |
|
| 1.9 |
| 2.5 |
– high | % |
| 2.2 | 3) | 2.1 |
| 2.2 |
|
| 2.9 |
| 3.1 |
1)In 2017/18: proposal to the Annual General Meeting; in the form of a distribution of capital reserves.
2)Only in 2015/16: payout ratio excludes extraordinary expenses CHF 89.4 million and the related tax impact.
3)In 2017/18: under the precondition that the shareholder approves the dividend proposed at the Annual General Meeting
*Pro-forma-based (other items as reported or market rates)