Fiskalna godina 2011 | 2012
DORMA increases Group sales by 9.8% to record level of € 1.109 billion
EBITDA improves by 4.4% to € 125.6 million
Consolidated net income up 9.9% compared to previous year at € 78.7 million
Ennepetal, 28 August 2015. The DORMA Group, headquartered in Ennepetal, Germany, has improved sales and profits in fiscal 2014/2015 (30.6). According to provisional, unaudited IFRS figures, Group sales rose by 9.8% to € 1,109.2 million (previous year: € 1,010.3 million). The organic growth of this premium supplier of access solutions and services amounted to 4.2%. A further 0.9 percentage points of the increase were due to acquisitions and 4.7 percentage points to currency changes. With EBITDA standing at € 125.6 million (previous year: € 120.2 million) and EBIT at € 97.7 (previous year: € 89.3 million), DORMA again exceeded the results of the previous fiscal year by 4.4% and 9.5% respectively. Acquisitions recorded at € 1.0 million and currency changes at € 8.0 million contributed to the increase in EBITDA. Consolidated net income is up 9.9% at € 78.7 million, compared to the figure of € 71.6 million for the previous year. A dividend of € 55 million is proposed for fiscal 2014/2015.
"DORMA has performed very well in fiscal 2014/15, particularly in growth markets. We generated strong organic growth and further improved our profitability", said Thomas P. Wagner, CEO of the DORMA Group. "With this result behind us we are well prepared for the upcoming merger with Kaba. I am convinced that under the same roof the two companies will unlock attractive growth potentials."
DORMA's capital expenditure on intangible assets and property, plant and equipment stood at € 46.8 million (previous year: € 19.2 million). This included the purchase of real estate for the European Logistics Center in Wuppertal. Net cash flow from operating activities rose to € 79.1 million (previous year: € 67.8 million). On the reporting date (30 June 2015), DORMA was again on balance debt-free and had net funds totaling € 112.0 million (previous year: € 135.9 million). At the same time provisions for pensions stood at € 198.2 million with matching cover provided by a partial amount of € 16.6 million.
The number of employees (including trainees) in the Group rose during fiscal 2014/15 from 7,191 to 7,410.