DORMA: Robust sales growth with big improvement in profit

Strong performance overseas secures jobs in Germany

Düsseldorf/Ennepetal, Germany. The DORMA Group registered a marked increase in sales of 9.6 percent to €767 million (previous year: €700 million) for fiscal 2005/06 (June 30), a financial year characterised by widely differing markets worldwide. The revenue figure was boosted to the tune of €25.5 million or 3.6 percent by acquisitions, and by positive foreign exchange effects amounting to €13.2 million or 1.9 percent. DORMA CEO Dr Michael Schädlich, speaking at the year-end press conference, was also able to report an encouraging improvement in the profit situation. At €49.6 million, earnings before taxes (EBT) rose by 19.5 percent, twice the sales growth rate. ‘Exceptional charges amounting to €6.1 million and a currency impact of €5.3 million burdened results, so that comparable EBT excluding these effects would have amounted to €61 million – equivalent to an eight-percent return on sales,’ he explained. As the result of a jump in sales revenue from the company’s international business with glass fittings and accessories, moreover, DORMA has also now taken over the position of world market leader in this business segment. more…

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