Dormakaba's annual sales beat estimates aided by price hikes

Dormakaba Holding AG

31/08/2023 05:53

Aug 31 (Reuters) - Dormakaba  DOKA.S  slightly beat
full-year sales expectations on Thursday, as price increases
helped the Swiss security group improve its performance in the
second half of the fiscal year.
    The company reported net sales of 2.85 billion Swiss francs
($3.24 billion) for the year ended on June 30, above analysts'
average forecast of 2.82 billion in a company-provided poll.
($1 = 0.8783 Swiss francs)

 (Reporting by Tristan Veyet and Paolo Laudani in Gdansk; 
Edited by Milla Nissi)
 ((Tristan.Chabba@thomsonreuters.com;))