Silca

VITTORIO VENETO,

The Kaba Group, listed on the Zurich Stock Exchange, of which Vittorio Veneto-based Silca S.p.A. is subsidiary, has released last September its official financial results for the 2012/13 fiscal year. The Group, which has achieved a turnover of CHF 964.3 million and whose sales volumes have increased by 1.8%, has reached and consolidated a +15.6% of Ebitda margin.

The Key Systems Division, under the guidance of Stefano Zocca and within which Silca S.p.A. operates, has been able to stand out for its sales results and profitability, both on the rise above the Group’s average, and for its ability to achieve important goals in terms of manufacturing processes. The Division has increased its sales results by 2.9% compared with the same period last year, thanks to acquisitions in South America and to the results obtained by two well-established companies and brands: Silca and Ilco.

“I am very satisfied with the results achieved by our Division,” said Stefano Zocca, COO of Kaba’s Global Key Systems Division and Silca S.p.A. Managing Director. “Thanks to a careful spending review, constant processes optimization within all out manufacturing sites and an effective commercial strategy in all the markets where we are present, we have been able to positively contribute to the global outcome of the Group”.
“For those who, like us, operate within a publicly listed multinational company, the theme of profit margin is paramount,” continues Stefano Zocca, “therefore, the fact that the Key Systems Division was able to increase its operative margin (Ebitda) by 2.7% compared with the previous financial year is a great success, also considering the still challenging economic conditions”.
Stefano Zocca has shared the Group financial results also with the employees of the Vittorio Veneto plant, highlighting prospects and objectives that the Key Systems Division and Silca have planned to reach in the near future.

“We aim at growing even more worldwide”, said Stefano Zocca, “but, in order to do that, we all must commit ourselves at every level. I strongly believe in shared results: this is why I think it is very important that any employee feels personally involved in reaching the global goals we have defined.”
Silca remains, and will remain in the future, the core of the Key Systems Division, as stressed by its Managing Director. Silca has, in fact, highly invested in product innovation and manufacturing optimization, and is planning to keep up this trend also in the future. “I believe innovation is a challenge,” concluded Stefano Zocca, “but it is also a choice that involves us all: we all need to feel innovation is our own challenge and live it to the full”.

Kaba, which has celebrated 150 years in the business in 2012, represents one the largest worldwide provider of high-quality, cutting-edge security solutions, with 7.600 employees in 60 different countries. The Group consists of 4 market segments managed centrally: Access Systems, Data Aystems, ILocks and Key Systems. The Key Systems Division operates through Silca (Europe, Middle East, Asia Pacific, emerging markets and South America) and Ilco (North America), two brands with independent commercial strategies, active mainly in the key replacement business but with significant market shares also in the OEM (Original Equipment Manufacturing) sector, particularly within the Automotive business. Silca is specialized in engineering and manufacturing key blanks and key cutting machines, with a wide range of products.

Since the Eighties, it has been leading company and benchmark for other players in the market as regards the manufacturing of electronic key cutting machines, both for professional, semi-industrial and industrial use. Silca produces also key duplication accessories and boasts 66.000 different key blanks.
The Key Systems Division accounts for 19% of the sales results of the entire Group.

Source: Areo
November 2013