Dormakaba raises margin outlook on positive half-year results (updated)

Dormakaba Holding AG

25/02/2025 05:53

(Adds detail on H2 outlook in paragraph 1, net sales in
paragraphs 3-4)
       Feb 25 (Reuters) - Swiss access and security group
Dormakaba  DOKA.S  raised its annual margin outlook on Tuesday
and said a strong order backlog would support its momentum in
the second half of the 2024/25 financial year.
    The group, which specialises in access solutions such as
doors, locks and partition systems, now sees an adjusted core
profit margin of around 15.5% for the 2024/25 financial year, up
from the previous forecast of at least 15%.
    Dormakaba, whose entrance systems can be found in venues
such as offices, commercial buildings, airports and sports
stadiums, reported net sales of 1.42 billion Swiss francs ($1.58
billion) for the six months through December, up 5.1%
organically. 
    Analysts polled by the company were expecting organic sales
growth of 4.4% to 1.41 billion francs.
($1 = 0.8968 Swiss francs)

 (Reporting by Bernadette Hogg in Gdansk; Editing by Milla
Nissi)
 ((Bernadette.Hogg@thomsonreuters.com))