Report
Delphine Brault

Dormakaba : Pas mal de prudence pour 2021-22 dans l’attente d’un CMD avec des objectifs ambitieux

>Des résultats 2020-21 conformes aux attentes - Le groupe a publié hier matin des résultats annuels (2020/21) en ligne avec les attentes (cf. notre first take d’hier). L’activité a progressé de 1.3% en organique (consensus 0.9%, ODDO BHF 1.7%), dont +10% pour le seul S2 2020/21. La marge d'EBITDA a atteint 14.1%, +130 pb (consensus et ODDO BHF à 14.2%). L’EBITDA s’établit à 353 MCHF, en ligne avec les attentes. Seule la division AMER affiche un recul de la marge, de -...
Underlying
Dormakaba Holding AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Delphine Brault

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