Sales rise for Dormakaba

Dormakaba’s 2016/2017 financial year saw consolidated sales increase by 9.4%  to CHF 2,250.1 million, with organic sales growth of 4.3%.

Net profit increased to CHF 224.6 million thanks to higher profitability and positive tax effects of acquisitions and post-merger integration – strategically important acquisitions were made during the period in North America, including Stanley Black & Decker’s security division.

In April, Dormakaba agreed to acquire Australian company Kilargo Pty Ltd. Kilargo’s extensive range of door seals has strengthened Dormakaba’s existing portfolio of door hardware.

 

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