Jonathon Harker
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.
