Dormakaba : Generally reassuring H1, FY 2023-24 targets confirmed
>H1 2023-24: Sales up +3.9%, adjusted EBITDA margin up +160bp - The group this morning reported H1 2023-24 results that came in slightly ahead of expectations, with a disappointment on organic growth but a sharply improved margin. H1 2023-24 organic growth came to 3.9%, below our and consensus expectations (4.7%). The figure of 3.9% includes a 3.1% price effect and therefore 0.8% growth in volumes. This compares with organic growth for Assa Abloy of 0.5% in the s...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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