Dormakaba increases profitability
Der starke Franken hat die weltweiten Umsätze von dormakaba in der ersten Hälfte des Geschäftsjahrs 2023/24 unter den Vorjahreswert gedrückt. Organisch konnte hingegen ein Umsatzwachstum verbucht werden. Zudem legte die Marge auf das bereinigte Betriebsergebnis deutlich zu.
Dormakaba generated global sales totalling 1.38 billion Swiss francs in the first half of the 2023/24 financial year, which ended on 31 December 2023. This corresponds to a year-on-year decline of 3.0 per cent, dormakaba announced in a press release. The Rümlang-based locking technology company attributes this to a “significant negative currency effect of 95.2 million Swiss francs”.
Excluding this effect, organic sales growth amounted to 3.9 per cent, explains dormakaba. The adjusted operating result at EBITDA level increased by 8.7 per cent year-on-year to CHF 200.7 million. The corresponding margin improved by 1.6 percentage points to 14.6 per cent. At 48.5 million francs, however, Group profit in the half-year under review was 5.8 million francs lower than in the same period of the previous year.
“Our results clearly show how everyone at dormakaba is contributing to the effective implementation of our transformation programme as planned,” said dormakaba CEO Till Reuter in the press release. “The significant increase in our margins shows that the expected positive financial effects are bearing fruit and that we have made progress on our path to sustainable growth and profitability.”
For the second half of the 2023/24 financial year, dormakaba is sticking to its targets for the year as a whole. The aim is to achieve organic sales growth of between 3 and 5 percent. In terms of profitability, dormakaba is aiming for an improvement in the EBITDA margin compared to the previous year’s 13.5 per cent.