|  
Building products» More news on Building products

Dormakaba: Turnover rise due especially to takeovers

10.05.2018 − 

Swiss Dormakaba generated turnover to the amount of CHF1.401bn in the first half of its 2017/2018 financial year (30 June). This corresponds to an overall increase of 19.3%. Organic growth, however, only amounted to 2.9%. The remaining growth was due principally to acquisition effects.

In December 2016 Dormakaba first of all acquired US-American Mesker Openings Group and, in February 2017, the transaction involving parts of the mechanical security business of US-American Stanley Black & Decker was concluded. Subsequently, in July 2017, Dormakaba acquired Australian Kilargo and Canadian Skyfold.

In the period covered by the report, some companies were also sold. The largest divestment was the sale of Chinese GMT Hardware last September. Overall acquisitions and divestments generated a 14.6% increase in group turnover. Positive currency effects accounted for a further 1.8% growth in turnover. A total of 16,750 persons were employed during the period covered by the report.

Tags of this news:

previous − German parquet production experiences 4.1% fall

MeisterWerke acquires all shares in Hain Natur-Böden  − next