Dormakaba rises 3% after projecting higher H1 profit

Dormakaba Holding AG

05/02/2025 07:19

** Shares in Dormakaba  DOKA.S  are up 3.3% in pre-market
trade after the Swiss security device maker said on Tuesday it
expects a "significant" increase its first-half profit
    ** The increase is attributable to lower restructuring costs
and goodwill amortization as well as the sale of a site in
Montreal, the company said
    ** Net sales and adjusted EBITDA margin are expected to be
in line with 2024/25 full-year guidance, the company added
    ** "The positive profit warning reveals that the
transformation that has been initiated appears to be taking
effect," Vontobel says
    ** Still, the challenges remain manifold and the market is
already expecting a lot of normalization, the broker adds
    ** The stock tops Swiss mid-cap index  .SMIM  in Julius Baer
pre-market trade

 (Reporting by Amir Orusov)
 ((Amir.orusov@thomsonreuters.com))