Dormakaba : Feedback from the CMD: 2023-24 targets achievable, in our view, and already priced in
>2023-24: sales +3-5% p.a. on an organic basis, adjusted EBITDA margin of 16-18% - New CEO, Sabrina Soussan, yesterday held her first CMD and presented the strategic road map for the group to return to growth (its first priority, which we think is good news) and acknowledged that execution is key. The group is targeting organic sales growth of 3-5% p.a. on average out to 2023-24. This compares with average growth of 2.6% p.a. over the 2016-2019 period, before Cov...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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