Report
Delphine Brault ...
  • Quentin Borie

Dormakaba : Après un S1 proche des attentes, le groupe reste prudent pour le S2 et décale ses objectifs de moyen terme

>S1 2022/2023 : la croissance organique surprend à la hausse, mais pas la marge - L’activité s’est établie en hausse de 8% en organique au S1 2022/2023, principalement grâce à une nette accélération des hausses de prix (6.5% sur la période). La marge d’EBITDA ajusté s’établit à 13%, en recul de 130 pb. L’EBITDA ajusté atteint 184.6 MCHF. Le FCF (calcul ODDO BHF) était positif à 80 MCHF contre 26 MCHF au S1 2021/2022. Voir notre first take d’hier pour plus de déta...
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

Quentin Borie

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