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25.09.2008

Substantial increase in sales in the boom regions, high investment outlays in Germany

Düsseldorf/Ennepetal. In fiscal 2007/08 (June 30) the DORMA Group increased total sales revenue by 6.7% to €894 million (previous year: €838 Million). Currency adjusted growth amounted to 10% with just 0.6% or €5 million attributable to acquisitions. Despite €17.4 million in exceptional charges and negative foreign exchange effects, DORMA was able to outstrip the strong prior-year EBT (earnings before taxes) by 4.3%, posting €65 million this time (previous year: €62.3 million). Group investments in infrastructure, aligned to current and future business growth, included the Premium project in Ennepetal, site expansion work in Bad Salzuflen and the construction of new facilities in China and Dubai. Total capital expenditure therefore underwent a further significant increase from €31.4 million last time to €35.6 million in the year under review. "In Germany we generate something less than one quarter of our total sales yet have deliberately invested more than 55 percent of our capital spend in this, our core market," explained DORMA CEO Dr. Michael Schädlich, speaking at the press conference held to announce the results for the fiscal year. As of June 30, 2008, the Group had a workforce of 6,911 employees. more…