Report
Delphine Brault ...
  • Quentin Borie

Dormakaba : Good H2 and Shape4Growth plan bearing fruit

>2023-24: good H2 figures and better-than-expected results - Revenues came in 4.7% higher in organic terms in 2023-24 (css at 4%), with 5.5% for H2. The price effect came to 2.8% and volumes were up 1.9% (with 0.8% in H1 and 3.1% in H2). The adjusted EBITDA margin came in at 14.7% (css at 14.5%), a 120bp improvement on last year. Adjusted EBITDA reached CHF 417m, 2% ahead of consensus expectations. FCF is solid, increasing to CHF 205m. The group is to propose a divide...
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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