Transformation programme proves effective at access technology specialist
Dormakaba, a company operating in the locking technology sector, will see declines in total revenue and profit in the first half of the 2025/26 financial year. However, organic growth will be generated and margins will also increase. The forecast therefore remains stable.
Dormakaba generated total sales of CHF 1.362 billion in the first half of the 2025/26 financial year, i.e. up to 31 December 2025, representing a decline of 4.1 per cent compared with the same period of the previous year. While volumes were down, “consistent price realisation” resulted in organic growth of 2.0 per cent, according to a statement. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to CHF 211.9 million, 1.9 per cent less than in the same period of the previous year. The EBITDA margin, on the other hand, increased from 15.2 to 15.6 per cent.
“In the first half of 2025/26, we continued to consistently implement our transformation and increased our adjusted EBITDA margin. We are on track with the implementation of our strategy and have realised the planned cost savings from our transformation programme ahead of schedule,” CEO Till Reuter is quoted as saying in the press release.
The company confirms its forecast for the full year 2025/26. Dormakaba expects organic net sales growth of between 3 and 5 per cent, an adjusted EBITDA margin of more than 16 per cent and an adjusted operating cash flow margin of between 11.5 per cent and 12.5 per cent. This margin was 4.5 per cent in the first half of the year, compared with 7.4 per cent in the same period last year.