|
CHF million |
|
|
Financial year ended 30.06.2024 |
% |
|
Financial year ended 30.06.2023 |
% |
|
Personnel expenses |
|
|
1,210.1 |
100.0 |
|
1,127.9 |
100.0 |
|
Salaries and wages |
|
|
912.1 |
75.4 |
|
905.5 |
80.3 |
|
Social security expenses |
|
|
176.6 |
14.6 |
|
170.4 |
15.1 |
|
Share-based payments |
|
|
5.7 |
0.5 |
|
7.1 |
0.6 |
|
Pension benefit expenses (see note 2.5) |
|
|
33.0 |
2.7 |
|
35.6 |
3.2 |
|
Employment termination expenses |
|
|
82.1 |
6.8 |
|
8.3 |
0.7 |
|
Other benefits |
|
|
0.6 |
0.0 |
|
1.0 |
0.1 |
|
Number of full-time equivalent employees |
|
|
Financial year ended 30.06.2024 |
% |
|
Financial year ended 30.06.2023 |
% |
|
Employees at balance sheet date |
|
|
15,444 |
|
|
15,352 |
|
|
Average number of employees per functions and business units |
|
|
15,336 |
100.0 |
|
15,519 |
100.0 |
|
Total Access Solutions |
|
|
11,713 |
76.4 |
|
11,749 |
75.7 |
|
Commercial and Marketing |
|
|
7,185 |
46.8 |
|
7,319 |
47.2 |
|
Operations |
|
|
3,098 |
20.2 |
|
3,013 |
19.4 |
|
Innovation |
|
|
744 |
4.9 |
|
747 |
4.8 |
|
Finance and HR |
|
|
686 |
4.5 |
|
670 |
4.3 |
|
Key & Wall Solutions and OEM |
|
|
3,162 |
20.6 |
|
3,267 |
21.1 |
|
Corporate |
|
|
461 |
3.0 |
|
503 |
3.2 |
|
Average number of employees per geographical region |
|
|
15,336 |
100.0 |
|
15,519 |
100.0 |
|
Switzerland |
|
|
913 |
6.0 |
|
932 |
6.0 |
|
Germany |
|
|
2,787 |
18.2 |
|
2,788 |
18.0 |
|
Rest of EMEA |
|
|
3,979 |
25.9 |
|
4,018 |
25.9 |
|
Americas |
|
|
3,480 |
22.7 |
|
3,462 |
22.3 |
|
Asia Pacific |
|
|
4,177 |
27.2 |
|
4,319 |
27.8 |
The Nomination and Compensation Committee is responsible for nominating individual members of the Executive Committee (EC) and other Senior Management members for long-term incentive (LTI) awards. The LTI award is granted through a Performance Share Unit (PSU) plan, vesting over three years and subject to the achievement of performance conditions. During the reporting period, the LTI grants include performance indicators such as relative Total Shareholder Return (TSR), Earnings per Share (EPS), and Sustainability (ESG) related targets. ESG targets have been introduced as from the grant 2023 to reflect the increasing importance of sustainability and cover both social and environmental topics that are addressed by our sustainability strategy. The vesting level may range from 0% to a maximum of 200% of the original number of units granted (maximum two shares for each performance share unit originally granted); there is no vesting below the threshold levels of performance.
The fair value of the Performance Share Units (PSUs) at the grant date includes adjustments for foregone dividends during the vesting period and the Total Shareholder Return (TSR) performance condition. The associated expenses are recognized on a straight-line basis over the vesting period. The restricted shares allocated to the members of the Board of Directors (BoD) are blocked for three years.
The fair value of the restricted shares corresponds to the value of the closing price of the dormakaba Holding AG share on the SIX Swiss Exchange as at the business day prior to the date of the allocation.
Further information about the allocation of treasury shares is disclosed in the note on share capital and treasury shares (3.2), and further details about long-term incentive stock award plans are outlined in the Compensation Report.