Information for investors as at
30 June 2019
|
| dormakaba Group |
|
| Kaba Group | ||||||
CHF million, except where indicated |
| 2018/19 |
| 2017/18 |
| 2016/17 |
| 2015/16 |
|
| 2014/15 |
Net sales |
| 2,818.3 |
| 2,841.0 |
| 2,520.1 |
| 2,302.6 | * |
| 1,085.2 |
Organic growth in % |
| 1.3 |
| 2.6 |
| 4.3 | * | 2.3 | * |
| 5.4 |
Earnings before depreciation and amortization (EBITDA) |
| 448.0 |
| 431.0 |
| 387.3 |
| 332.7 | * |
| 170.2 |
EBITDA in % of net sales |
| 15.9 |
| 15.2 |
| 15.4 |
| 14.4 | * |
| 15.7 |
Earnings before interest and tax (EBIT) |
| 375.0 |
| 364.3 |
| 327.0 |
| 278.2 | * |
| 145.0 |
EBIT in % of net sales |
| 13.3 |
| 12.8 |
| 13.0 |
| 12.1 | * |
| 13.3 |
Net profit1) |
| 252.5 |
| 238.7 |
| 224.6 |
| 117.2 | * |
| 98.9 |
Net profit in % of net sales |
| 9.0 |
| 8.4 |
| 8.9 |
| 5.1 | * |
| 9.1 |
Net profit after minorities |
| 131.8 |
| 123.8 |
| 116.4 |
| 60.4 | * |
| 98.4 |
Basic earnings per share (in CHF) |
| 31.6 |
| 29.6 |
| 27.8 |
| 14.4 | * |
| 25.6 |
Diluted earnings per share (in CHF) |
| 31.5 |
| 29.5 |
| 27.7 |
| 14.4 | * |
| 25.6 |
Dividend per share (in CHF) |
| 16.00 | 2) | 15.00 |
| 14.00 |
| 12.00 |
|
| 12.00 |
Payout ratio in %3) |
| 50.3 |
| 50.2 |
| 50.3 |
| 54.6 | * |
| 51.2 |
Cash generated from operations |
| 372.8 |
| 367.2 |
| 354.7 |
| 327.6 |
|
| 149.1 |
Net cash from operating activities |
| 280.7 |
| 268.9 |
| 265.3 |
| 255.3 |
|
| 104.3 |
Net cash from operating activities in % of net sales |
| 10.0 |
| 9.5 |
| 10.5 |
| 12.1 |
|
| 9.6 |
Net cash used in investing activities |
| –67.8 |
| –231.8 |
| –964.5 |
| 13.5 |
|
| –142.5 |
Free cash flow (net) before dividend |
| 212.9 |
| 37.1 |
| –699.2 |
| 268.8 |
|
| –38.2 |
Net cash flows from financing activities |
| –223.9 |
| –129.8 |
| 654.1 |
| –213.2 |
|
| 111.4 |
Of which dividends paid |
| –62.2 |
| –58.6 |
| –50.4 |
| –240.7 |
|
| –41.8 |
Personnel expenses |
| 1,055.1 |
| 1,045.6 |
| 933.3 |
| 792.6 |
|
| 406 |
Average number of full-time equivalent employees |
| 15,811 |
| 16,433 |
| 16,250 |
| 15,779 |
|
| 8,948 |
Total assets |
| 1,909.0 |
| 1,982.3 |
| 1,909.0 |
| 1,579.3 |
|
| 734.3 |
Total assets in % of net sales |
| 67.7 |
| 69.8 |
| 75.8 |
| 68.6 | * |
| 67.7 |
Property, plant and equipment in % of net sales |
| 16.5 |
| 16.1 |
| 16.4 |
| 14.3 | * |
| 14.3 |
Inventories in % of net sales |
| 16.1 |
| 15.2 |
| 16.3 |
| 15.8 | * |
| 16.2 |
Receivables in % of net sales |
| 17.7 |
| 17.7 |
| 18.3 |
| 17.5 | * |
| 17.1 |
Net working capital4) |
| 753.2 |
| 705.7 |
| 648.0 |
| 583.1 |
|
| 267.6 |
Net working capital in % of net sales |
| 26.7 |
| 24.8 |
| 25.7 |
| 25.3 | * |
| 24.7 |
Net debt |
| 651.4 |
| 701.2 |
| 627.6 |
| –159.1 |
|
| –121.2 |
Net debt/EBITDA |
| 1.5 |
| 1.6 |
| 1.6 |
| –0.5 | * |
| –0.7 |
Interest coverage (EBITDA / interest expense, net) |
| 11.0 |
| 10.5 |
| 25.0 |
| 40.6 | * |
| 29.9 |
Shareholders’ equity |
| 258.5 |
| 187.0 |
| 183.1 |
| 680.5 |
|
| 442.1 |
Return on equity (ROE) in % |
| 97.7 |
| 127.6 |
| 122.7 |
| 17.2 | * |
| 22.4 |
Shareholders’ equity per share (in CHF) |
| 61.8 |
| 44.6 |
| 43.5 |
| 162.0 |
|
| 114.9 |
1)Only in 2015/16: includes merger related extraordinary expenses CHF 89.4 million.
2)In 2018/19: 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.
4)In 2018/19, the definition of the net working capital was aligned with the internal and the segment reporting. In order to enable a fair comparison with the current-year data, all prior year information has been adjusted. dormakaba defines net working capital as trade receivables plus inventories, minus the sum of trade payables, advances from customers and deferred income.
*Pro forma based (other items as reported)
Information for investors per share data
|
|
| dormakaba Group |
|
| Kaba Group | ||||||
|
|
| 2018/19 |
| 2017/18 |
| 2016/17 |
| 2015/16 |
|
| 2014/15 |
Capital stock |
|
|
|
|
|
|
|
|
|
|
|
|
Registered shares at CHF 0.10 par value | No |
| 4,200,026 |
| 4,200,026 |
| 4,200,026 |
| 4,195,026 |
|
| 4,195,026 |
Outstanding shares at end of financial year | No |
| 4,145,317 |
| 4,187,243 |
| 4,177,588 |
| 4,190,963 |
|
| 4,184,261 |
Weighted average number of shares outstanding (diluted) | No |
| 4,179,989 |
| 4,195,507 |
| 4,208,743 |
| 4,200,816 |
|
| 3,848,787 |
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 (registered) | No |
| 9,195 |
| 8,874 |
| 7,525 |
| 7,181 |
|
| 6,683 |
Figures per share (fully diluted) |
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA per share (Group) | CHF |
| 107.2 |
| 102.7 |
| 92.0 |
| 79.2 | * |
| 44.2 |
Earnings per share (Group) | CHF |
| 31.5 |
| 29.5 |
| 27.7 |
| 14.4 | * |
| 25.6 |
Shareholders’ equity per share (Group) | CHF |
| 61.8 |
| 44.6 |
| 43.5 |
| 162.0 |
|
| 114.9 |
Price per share |
|
|
|
|
|
|
|
|
|
|
|
|
– high | CHF |
| 781.5 |
| 1,001.0 |
| 888.0 |
| 693.5 |
|
| 630.0 |
– low | CHF |
| 579.0 |
| 674.0 |
| 659.0 |
| 543.0 |
|
| 413.8 |
– 31 December | CHF |
| 593.0 |
| 907.5 |
| 757.0 |
| 683.5 |
|
| 502.5 |
– 30 June | CHF |
| 707.5 |
| 694.5 |
| 833.0 |
| 679.5 |
|
| 556.5 |
Market capitalization |
|
|
|
|
|
|
|
|
|
|
|
|
– high | CHF m |
| 3,239.6 |
| 4,191.4 |
| 3,709.7 |
| 2,906.4 |
|
| 2,636.1 |
– low | CHF m |
| 2,400.1 |
| 2,822.2 |
| 2,753.0 |
| 2,275.7 |
|
| 1,731.4 |
– 30 June | CHF m |
| 2,932.8 |
| 2,908.0 |
| 3,479.9 |
| 2,847.8 |
|
| 2,328.5 |
Dividend yield |
|
|
|
|
|
|
|
|
|
|
|
|
– low | % |
| 2.0 | 1) | 1.5 |
| 1.6 |
| 1.7 |
|
| 1.9 |
– high | % |
| 2.8 | 1) | 2.2 |
| 2.1 |
| 2.2 |
|
| 2.9 |
1)In 2018/19: 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)