Information for investors as at
30 June 2020

CHF million, except where indicated

 

2019/20

 

2018/19

 

2017/18

 

2016/17

 

2015/16

 

Net sales

 

2,539.8

 

2,818.3

 

2,841.0

 

2,520.1

 

2,302.6

*

Organic growth in %

 

–6.9

 

1.3

 

2.6

 

4.3

*

2.3

*

Earnings before depreciation and amortization (EBITDA)

 

325.0

 

448.0

 

431.0

 

387.3

 

332.7

*

EBITDA in % of net sales

 

12.8

 

15.9

 

15.2

 

15.4

 

14.4

*

Earnings before interest and tax (EBIT)

 

253.2

 

375.0

 

364.3

 

327.0

 

278.2

*

EBIT in % of net sales

 

10.0

 

13.3

 

12.8

 

13.0

 

12.1

*

Net profit1)

 

164.1

 

252.5

 

238.7

 

224.6

 

117.2

*

Net profit in % of net sales

 

6.5

 

9.0

 

8.4

 

8.9

 

5.1

*

Net profit after minorities

 

84.6

 

131.8

 

123.8

 

116.4

 

60.4

*

Basic earnings per share (in CHF)

 

20.4

 

31.6

 

29.6

 

27.8

 

14.4

*

Diluted earnings per share (in CHF)

 

20.3

 

31.5

 

29.5

 

27.7

 

14.4

*

Dividend per share (in CHF)2)

 

10.50

 

16.00

 

15.00

 

14.00

 

12.00

 

Payout ratio in %3)

 

51.6

 

50.5

 

50.2

 

50.3

 

54.6

*

Cash generated from operations

 

407.9

 

372.8

 

367.2

 

354.7

 

327.6

 

Net cash from operating activities

 

328.1

 

280.7

 

268.9

 

265.3

 

255.3

 

Operating cash flow margin in %

 

12.9

 

10.0

 

9.5

 

10.5

 

12.1

 

Net cash used in investing activities

 

–232.4

 

–67.8

 

–231.8

 

–964.5

 

13.5

 

Free cash flow (net) before dividend

 

95.7

 

212.9

 

37.1

 

–699.2

 

268.8

 

Net cash flows from financing activities

 

–65.8

 

–223.9

 

–129.8

 

654.1

 

–213.2

 

Of which dividends paid

 

–66.5

 

–62.2

 

–58.6

 

–50.4

 

–240.7

 

Personnel expenses

 

1,027.7

 

1,055.1

 

1,045.6

 

933.3

 

792.6

 

Average number of full-time equivalent employees

 

15,676

 

15,811

 

16,433

 

16,250

 

15,779

 

Total assets

 

1,808.6

 

1,909.0

 

1,982.3

 

1,909.0

 

1,579.3

 

Total assets in % of net sales

 

71.2

 

67.7

 

69.8

 

75.8

 

68.6

*

Property, plant and equipment in % of net sales

 

17.4

 

16.5

 

16.1

 

16.4

 

14.3

*

Inventories in % of net sales

 

17.5

 

16.1

 

15.2

 

16.3

 

15.8

*

Receivables in % of net sales

 

15.3

 

17.7

 

17.7

 

18.3

 

17.5

*

Net working capital4)

 

631.9

 

753.2

 

705.7

 

648.0

 

583.1

 

Net working capital in % of net sales

 

24.9

 

26.7

 

24.8

 

25.7

 

25.3

*

Net debt

 

667.7

 

651.4

 

701.2

 

627.6

 

–159.1

 

Net debt/EBITDA

 

2.1

 

1.5

 

1.6

 

1.6

 

–0.5

*

Interest coverage (EBITDA / interest expense, net)

 

9.2

 

11.0

 

10.5

 

25.0

 

40.6

*

Shareholders’ equity

 

141.3

 

258.5

 

187.0

 

183.1

 

680.5

 

Return on equity (ROE) in %

 

116.1

 

97.7

 

127.6

 

122.7

 

17.2

*

Shareholders’ equity per share (in CHF)

 

34.0

 

61.8

 

44.6

 

43.5

 

162.0

 

1)Only in 2015/16: includes merger-related extraordinary expenses CHF 89.4 million.

2)In 2019/20: proposal to the Annual General Meeting; distribution of an equal share from the reserves from capital contributions and from statutory retained earnings.

3)Only in 2015/16: payout ratio excludes extraordinary expenses CHF 89.4 million and the related tax impact.

4)As from 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 previous 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

 

 

 

2019/20

 

2018/19

 

2017/18

 

2016/17

 

2015/16

 

Capital stock

 

 

 

 

 

 

 

 

 

 

 

 

Registered shares at CHF 0.10 par value

No

 

4,200,026

 

4,200,026

 

4,200,026

 

4,200,026

 

4,195,026

 

Outstanding shares at end of financial year

No

 

4,157,216

 

4,145,317

 

4,187,243

 

4,177,588

 

4,190,963

 

Weighted average number of shares outstanding (diluted)

No

 

4,159,736

 

4,179,989

 

4,195,507

 

4,208,743

 

4,200,816

 

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

 

9,389

 

9,195

 

8,874

 

7,525

 

7,181

 

Figures per share (fully diluted)

 

 

 

 

 

 

 

 

 

 

 

 

EBITDA per share (Group)

CHF

 

78.1

 

107.2

 

102.7

 

92.0

 

79.2

*

Earnings per share (Group)

CHF

 

20.3

 

31.5

 

29.5

 

27.7

 

14.4

*

Shareholders’ equity per share (Group)

CHF

 

34.0

 

61.8

 

44.6

 

43.5

 

162.0

 

Price per share

 

 

 

 

 

 

 

 

 

 

 

 

– high

CHF

 

737.0

 

781.5

 

1,001.0

 

888.0

 

693.5

 

– low

CHF

 

396.4

 

579.0

 

674.0

 

659.0

 

543.0

 

– 31 December

CHF

 

692.5

 

593.0

 

907.5

 

757.0

 

683.5

 

– 30 June

CHF

 

516.5

 

707.5

 

694.5

 

833.0

 

679.5

 

Market capitalization

 

 

 

 

 

 

 

 

 

 

 

 

– high

CHF m

 

3,063.9

 

3,239.6

 

4,191.4

 

3,709.7

 

2,906.4

 

– low

CHF m

 

1,647.9

 

2,400.1

 

2,822.2

 

2,753.0

 

2,275.7

 

– 30 June

CHF m

 

2,147.2

 

2,932.8

 

2,908.0

 

3,479.9

 

2,847.8

 

Dividend yield

 

 

 

 

 

 

 

 

 

 

 

 

– low1)

%

 

1.4

 

2.0

 

1.5

 

1.6

 

1.7

 

– high1)

%

 

2.6

 

2.8

 

2.2

 

2.1

 

2.2

 

1)In 2019/20: 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)

Appropriation of balance sheet profitsGeneral Framework

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