|
CHF million |
Note |
|
Financial year ended 30.06.2023 |
|
Financial year ended 30.06.2022 (restated) 1 |
|
Net profit |
|
|
88.5 |
|
38.8 |
|
Depreciation and amortization |
2.3 |
|
136.8 |
|
239.0 |
|
Income tax expenses |
1.6 |
|
53.7 |
|
36.1 |
|
Interest expenses |
1.5 |
|
41.5 |
|
20.7 |
|
Interest income |
1.5 |
|
–1.4 |
|
–0.8 |
|
(Gain) Loss on disposal of fixed assets, net |
|
|
0.0 |
|
–1.6 |
|
Adjustment for other non-cash items |
|
|
12.9 |
|
1.8 |
|
Change in trade receivables |
|
|
–4.4 |
|
–54.9 |
|
Change in inventories |
|
|
16.8 |
|
–105.1 |
|
Change in other current assets |
|
|
–5.9 |
|
–2.7 |
|
Change in trade payables |
|
|
–5.9 |
|
8.5 |
|
Change in accrued pension cost |
|
|
6.2 |
|
0.7 |
|
Change in accrued and other current liabilities |
|
|
24.6 |
|
7.9 |
|
Cash generated from operations |
|
|
363.4 |
|
188.4 |
|
Income taxes paid |
|
|
–42.3 |
|
–40.3 |
|
Interest paid |
|
|
–34.1 |
|
–21.6 |
|
Interest received |
|
|
1.4 |
|
0.8 |
|
Net cash from operating activities |
|
|
288.4 |
|
127.3 |
|
Cash flows from investing activities |
|
|
|
|
|
|
Additions of property, plant, and equipment |
2.3 |
|
–61.5 |
|
–52.7 |
|
Proceeds from sale of property, plant, and equipment |
2.3 |
|
1.1 |
|
2.7 |
|
Additions of intangible assets |
2.3 |
|
–37.0 |
|
–25.8 |
|
Change in non-current financial assets |
|
|
–1.8 |
|
–0.3 |
|
Acquisition of subsidiaries, net of cash acquired |
4.3 |
|
–12.3 |
|
–92.1 |
|
Sale of subsidiaries, net of cash sold |
4.3 |
|
–0.3 |
|
9.3 |
|
Net cash used in investing activities |
|
|
–111.8 |
|
–158.9 |
|
Free cash flow |
5.2 |
|
176.6 |
|
–31.6 |
|
Cash flows from financing activities |
|
|
|
|
|
|
Repayment of bond |
3.1 |
|
0.0 |
|
–340.1 |
|
New bonds issued |
3.1 |
|
274.2 |
|
0.0 |
|
Other proceeds from (repayment of) current borrowings, net |
3.1 |
|
–357.5 |
|
439.0 |
|
Proceeds from (repayment of) non-current borrowings, net |
3.1 |
|
–1.9 |
|
–1.1 |
|
Change in other non-current liabilities |
|
|
–0.1 |
|
–1.2 |
|
Dividends paid to company’s shareholders |
3.3 |
|
–48.1 |
|
–52.2 |
|
Dividends paid to minority shareholders |
|
|
–43.4 |
|
–44.8 |
|
(Purchase) Sale of treasury shares |
3.2 |
|
–1.0 |
|
0.0 |
|
Net cash flows from financing activities |
|
|
–177.8 |
|
–0.4 |
|
Translation exchange differences |
|
|
18.8 |
|
–32.6 |
|
Net increase (decrease) in cash and cash equivalents |
|
|
17.6 |
|
–64.6 |
|
Cash and cash equivalents at beginning of period |
|
|
104.5 |
|
169.1 |
|
Cash and cash equivalents at end of period |
|
|
122.1 |
|
104.5 |
|
Net increase (decrease) in cash and cash equivalents |
|
|
17.6 |
|
–64.6 |
1 dormakaba changed the choice of accounting policies for goodwill accounting. To enable a fair comparison with the current year, the prior-year disclosures have been restated. Details are disclosed in chapter changes in accounting principles and restatement of previous period (5.1).