Dormakaba targets sales growth in US despite looming tariffs
Swiss access and security group Dormakaba
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)
DOKA
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.