Dormakaba : Full-year 2019-20 results well short of expectations
>2019-20: -6.9% of organic growth and EBITDA margin -310bp - The group's FYÂ 2019-20 results, reported this morning, fell short of expectations, with a sharp decline in organic growth and the EBITDA margin. To recap, dormakaba had provided some indications, exceptionally, regarding its Q3 (-3% in organic terms for revenues and -150bp at the level of the EBITDA margin), implying a very poor Q4. FY 2019-20 organic growth came in at -6.9%, shy of our forecast (-6.4%)...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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