Dormakaba remains on course for growth
Dormakaba increased its net sales by around 10 percent to almost CHF 2.76 billion in the 2021/22 financial year. The operating result increased significantly weaker to 372 million francs. The background is inflation and disrupted supply chains.
In the 2021/22 financial year, which ended on June 30, Dormakaba generated net sales of almost 2.76 billion francs, according to the globally active locking technology company from the Glattal in a press release . According to dormakaba’s preliminary and not yet audited key figures, this corresponds to growth of 10.3 percent. Organic growth is estimated at 7.7 percent in the release. The company explains that dormakaba has exceeded its self-imposed target range of 3 to 5 percent.
The adjusted result at the EBITDA level rose from 362 to 372 million francs year-on-year. At 13.5 percent, the adjusted EBITDA margin was below the target of at least 14.2 percent, dormakaba reports. The company gives the background to inflation accelerated by the war in Ukraine and disruptions in the supply chains.
According to dormakaba, the latter primarily led to impairments in business with high-margin electronic products. Overall, however, the company can look back on a financial year with good demand. In its own estimation, dormakaba can currently also rely on a good order intake and backlog.
“While we exceeded our growth targets, we were unable to meet our EBITDA margin guidance in this challenging inflationary environment,” dormakaba CEO Jim-Heng Lee is quoted as saying in the release. “We have therefore raised prices to compensate for further inflationary effects and will continue to do so.” dormakaba will present its detailed annual report on 31 August.