Price increases support growth at dormakaba
Rümlang ZH - Dormakaba hat seinen Umsatz im Geschäftsjahr 2022/23 auf 2,85 Milliarden Franken gesteigert. Das organische Wachstum wurde hauptsächlich von Preiserhöhungen generiert. Das bereinigte Betriebsergebnis fiel mit knapp 385 Millionen Franken um 3,4 Prozent höher als im Vorjahr aus.
According to a statement from dormakaba, the globally active locking technology company from Glattal generated sales totalling CHF 2.85 billion in the 2022/23 financial year that ended on 30 June 2023. This corresponds to year-on-year growth of 3.3 percent. Organic growth is put at 8.4 per cent in the press release. It was mainly generated by price increases, explains dormakaba.
The adjusted operating result at EBITDA level was 3.4 percent higher than in the previous year at CHF 384.8 million. The corresponding margin was kept constant at 13.5 percent. At CHF 88.5 million, net profit was almost CHF 50 million higher than in the previous year. The profit in the reporting year was burdened by goodwill amortisation of 59.5 million francs. The background to this is a changeover to the revised standard of the Swiss Accounting and Reporting Recommendations for Consolidated Financial Statements (Swiss GAAP FER 30).
“This good result demonstrates how the effective implementation of our strategy and transformation enables us to sequentially improve our performance,” dormakaba CEO Jim-Heng Lee is quoted as saying in the release. “We exceeded our growth targets and our increased profitability in the second half of FY2022/23 was in line with our expectations.” For the current financial year, dormakaba expects revenue growth between 3 and 5 per cent and sequential improvements in profitability.