Dormakaba beats annual profit estimates as cost cuts counter tariff risks

Dormakaba Holding AG

02/09/2025 05:48

Sept 2 (Reuters) - Dormakaba DOKA.S reported a higher than expected full-year profit on Tuesday, as cost-cutting measures helped the Swiss security group cushion the impact of softer demand in the residential and automotive markets and uncertainty over U.S. import tariffs.

The company reported adjusted net profit of 188 million Swiss francs ($234 million) for the year that ended on June 30, compared with analysts' average estimate of 176 million francs provided by the company.

($1 = 0.8019 Swiss francs)

(Reporting by Maria Rugamer and Bernadette Hogg in Gdansk, editing by Milla Nissi-Prussak)

((maria.rugamer@thomsonreuters.com;))