Dormakaba : No hitches in FY 2022-23 but still a long way to go
>FY 2022-23: results slightly better than expected - Sales posted a 8.4% organic increase in FY 2022-23, thanks mainly to a sharp acceleration in price increases (6.9% over the period), while volumes grew 1.5% (in both H2 and H1). The adjusted EBITDA margin was 13.5%, stable vs last year. Adjusted EBITDA amounted to CHF 385m, 3% ahead of the consensus. However, as shown below, operating leverage was disappointing. FCF was robust and grew to CHF 189m. The group will p...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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