FISCAL 2013/14 IS THE FIRST YEAR FOR WHICH DORMA HAS PREPARED CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH THE INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS )

The DORMA Group generated further sales growth by recording revenues of €1,010.3m (PY €1,005.8m, +€4.5m) in the year under review. This was a solid sales performance against a background of difficult economic conditions for DORMA worldwide, heightened by increasing competition in many of our mature markets. DORMA’s sales development in emerging markets was particularly pleasing. Foreign exchange adjustments caused by a stronger Euro this last year resulted in an adverse impact on reported sales of almost €50m. The sales growth achieved was primarily due to the acquisitions made in the USA, UK, Italy and Australia in fiscal year 2013/14. The higher organic growth targeted failed to materialize due to subdued economic development, particularly in Germany, and as a result of the development of the euro exchange rates.

A significant improvement in gross margin from 42.4% in the previous year to 43.2% this time, coupled with material restructuring charges absorbed in the previous year, led to a considerable increase in operating profit of €87.7m (PY €71.9m), underlining the importance of the adopted strategic alignment. These effects were also material to the development of profit after taxes attributable to the parent company’s shareholders. Compared to the previous year, net profit increased from €51.0m to €71.6m.

The year under review saw the development of important measures, initiatives and corresponding organizational adjustments aligned to the DORMA 2020 strategy launched in 2011.

The number of employees at the DORMA Group increased in fiscal 2013/14 to an average of 7,115 (PY according to IFRS annual average 6,769). In contrast to former HGB reporting these personnel figures do not include employees of the ISEO Group according to IFRS.



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Download : DORMA in Fiscal Year 2012/2013 (PDF | 6.44 MB)
Download : Consolidated Financial Statements 30 June 2013 - 14 (PDF | 722 KB )