DKSH

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DKSH Holding AG

logo
legal form Corporation
ISIN CH0126673539
founding 2002
Seat Zurich , SwitzerlandSwitzerlandSwitzerland 
management Stefan Butz
( CEO )
Adrian T. Keller ( Chairman of the Board of Directors )
Number of employees 32,996 (December 31, 2018)
sales 11.3 billion CHF (2018)
Branch Trade , services
Website www.dksh.com

The DKSH Holding AG (Diethelm Keller Siber Hegner, abbreviated DKSH ), headquartered in Zurich , is an international, highly diversified Swiss service and trading company with strong roots in Asia.

DKSH mainly offers services for companies that want to expand their business in or to Asia. Organizationally, DKSH is divided into four business units:

  • Consumer goods , sales share 2018 = 34.0%
  • Healthcare , revenue share 2018 = 53.9%
  • Performance Materials , revenue share 2018 = 8.5%
  • Technology , revenue share 2018 = 3.6%.

DKSH has 825 offices in 35 countries. The company employs around 33,000 people and generated net sales of 11.3 billion Swiss francs in 2018. Around a third of sales are made in Thailand . Around 11,000 people are also employed there. This means that there is a clear dependency on the political situation in this country.

history

The company has its origins in the activities of the Swiss pioneers Wilhelm Heinrich D iethelm, Eduard Anton K eller and Hermann S iber. The three entrepreneurs emigrated independently of each other to the Far East in the 1860s , Diethelm to Singapore , Keller to the Philippines and Hermann Siber to Japan .

Siber & Brennwald was founded in 1865 as the oldest of the original companies . Keller joined C. Lutz & Co., founded in Manila in 1866, in 1868 and renamed it Ed after the takeover in 1887 . A. Keller & Co. around. Diethelm, for his part, joined Hooglandt & Co. , which was founded in Singapore in 1860, in 1871 and named it Diethelm & Co. Ltd. in 1887 after it was taken over . around.

As a result, the three companies expanded mainly in Asia and, to a lesser extent, in Europe, but maintained very close contact with Switzerland, where they relocated their headquarters.

Although the Diethelm and Keller families cultivated close private and business contacts very early on and a family connection was established in the second generation through marriage, the two companies only merged to form Diethelm Keller Holding in summer 2000 . Siber Hegner Holding joined this in 2002 , creating today's DKSH Holding .

In 2011, the Swiss watch company Maurice Lacroix with a production facility in the canton of Jura was taken over, which at that time had a turnover of 70 million CHF .

Until 2012, DKSH was a privately held company with Diethelm Keller Holding as the majority shareholder. Since March 2012, the shares of DKSH Holding AG have been traded on the SIX Swiss Exchange.

After just four years of ownership, the decision was made in 2015 to sell the watch company Maurice Lacroix again and write off a decrease in value of CHF 59.4 million .

In an interview with the Neue Zürcher Zeitung at the beginning of July 2017, the new DKSH CEO Stefan Butz said that he would rely on continuity at DKSH. The strong drivers of the business are economic growth in Southeast Asia, lively intra-Asian trade, the rise of millions of Asians into the middle class, outsourcing and consolidation.

In the Healthcare business unit , the corresponding China business was sold in 2018 with a profit of CHF 75.2 million.

For the Consumer Goods business unit, which is currently undergoing restructuring , the corresponding Auric Pacific business in Malaysia and Singapore was acquired on April 1, 2019 for the equivalent of CHF 160 million. The turnover of this acquired business amounts to 185 million CHF. This is DKSH's largest acquisition to date.

The company Dols International from the Netherlands was taken over in May 2019 and will be integrated into the Performance Materials business unit .

Capital structure (as of the end of 2018)

In 2018, DKSH's share capital consisted of 65,042,963 registered shares with a nominal value of CHF 0.10 each.

The Diethelm Keller Group is the main shareholder of DKSH. In addition to its significant stake in DKSH, the privately held group also has four operational units that focus on products and services in the brands , industrial , investments and travel business areas .

Significant shareholders are (as of the end of 2018):

  • Diethelm Keller Holding AG, Zurich ( shareholder pool , majority owned by 23 family members): 45.0%
  • FFP Invest SAS , Paris (majority owned by the Peugeot family): 5.9%. This stake was sold in 2019.
  • George Loening, New York, USA: 5.7%
  • Matthews Pacific Tiger Fund, San Francisco, USA: 4.4%
  • Black Creek Investment Management, Canada: 3.6%.

DKSH has a so-called opting-up clause with a limit of 49% in its statutes. This means that Diethelm Keller Holding AG can increase this share package up to 49% with a share stake of 45% without any obligation to make a takeover offer to the other shareholders. Normally there is such an obligation for a takeover offer to the other shareholders if a limit of 33 1/3% is exceeded.

As part of the progressive dividend policy that has been pursued for years, the company is distributing an ordinary dividend of CHF 1.85 per share for 2018. The ordinary dividend is therefore 20 cents or 12% higher than in the previous year.

literature

Web links

Individual evidence

  1. ^ Werner Enz: In Asia on expansion course. In: Neue Zürcher Zeitung , February 7, 2017, p. 27, accessed on May 13, 2017
  2. ↑ a b c d e f Annual Report 2018 (en), accessed on March 22, 2019
  3. ↑ a b Werner Enz: DKSH with mixed performance. In: NZZ, February 7, 2019, accessed on February 7, 2019.
  4. ↑ Letter to shareholders annual results 2015 , published February 8, 2016.
  5. ↑ K. Kofler, U. Kneubühler: The Sun King. In: Balance . 15–16 / 2014, July-August 2014, pp. 30–37.
  6. ↑ a b DKSH regains its footing. In: Neue Zürcher Zeitung. July 14, 2015, p. 24.
  7. ↑ Trading group DKSH makes debut on the Swiss stock exchange
  8. ↑ Werner Enz: Determined and already in the middle of business. In: Neue Zürcher Zeitung , July 10, 2017, p. 17, accessed on July 11, 2017
  9. ↑ Werner Enz: DKSH is cashing in in China. In: Neue Zürcher Zeitung , July 10, 2018, accessed on February 7, 2019
  10. ^ DKSH successfully closes acquisition of Auric Pacific's distribution business. DKSH press release, March 29, 2019, accessed March 30, 2019
  11. ↑ DKSH buys Dutch company Dols. In: handelszeitung.ch . May 27, 2019, accessed May 27, 2019 .
  12. ↑ Organization of the Diethelm Keller Group ( Memento of the original from January 16, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.diethelmkeller.com
  13. ↑ Diethelm Keller Group ( Memento of the original from January 16, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.diethelmkeller.com
  14. ↑ Werner Enz: Many interests of the Diethelm Keller Group. NZZ, June 1, 2019, accessed on June 1, 2019
  15. ↑ Werner Enz: Where the DKSH leadership the shoe pinches. NZZ, June 1, 2019, accessed on June 1, 2019