Dormakaba : Après des résultats FY 19-20 décevants, le mois de juillet reste négatif YoY
>2019-20 : la croissance et la marge déçoivent, le FCF est solide - Les résultats annuels (2019/20), publiés hier, se sont révélés sensiblement sous les attentes, avec un EBITDA FY à 325 MCHF, 9% sous les attentes, ce qui implique des résultats S2 près de 20% sous les attentes. La croissance organique FY19/20 s’est établie à -6.9%, inférieure à notre estimation (-6.4%) et à celles du consensus (-5.2%). La marge d'EBITDA recule de 310 pb à 12.8% (consensus à 13.7% et O...dormakaba Holding and its subsidiaries are engaged in the security industry. Co. offers its customers solutions that benefits in terms of security, organization and convenience. Co.'s offering ranges from individual components, products and systems to fully integrated solutions from a single source. Co.'s activities are organized along three business segments: Door Systems, which provides a flexible and extensive range of automatic doors, gates and wall systems; Access & Data Systems, which includes all hardware and softwarebased components and systems for access control solutions; and Key & Ident Systems which produces key blanks and key encoding machines for the duplication of keys.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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