Key financials

Despite the economic crisis,
DORMA posts good set of results with liquidity high

Düsseldorf/Ennepetal. In the face of the financial crisis that extensively overshadowed fiscal 2008/09 (June 30), the DORMA Group posted consolidated sales of €882.2 million, almost matching the level of the previous year.  In fact, this figure represents a fall of just 1.3% or 0.3% after adjusting for foreign exchange and acquisitions. Cash and cash equivalents increased during the reporting period from €120.6 million to €180.2 million. The company’s equity ratio rose again, by 3.5 percentage points from 59.0% to 62.5%. At €85.9 million, operating cash flow remained at a high level. With €59.8 million in earnings before taxes (EBT), its return on sales amounted to 6.8%. As of June 30, 2009, the number of employees was 6,621, a decline of 290 compared to the end of the previous financial year (6,911). DORMA CEO Dr. Michael Schädlich made particular mention of DORMA’s response to the financial crisis during fiscal 2008/09, which saw the company switch emphasis from expansion to cost reduction and strengthening liquidity.

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