Security

dormakaba Access Solutions Business & FY2022/23 Financials Examined

In this Research Note, we examine one of the top three companies in the global access solutions market, dormakaba Group, based on their FY2022/2023 financial results, year ending 30 June 2023 and their latest Annual Report. This analysis which also covers the firm’s Shape4Growth strategy and its digital product portfolio, updates our previous article on dormakaba last year. dormakaba is listed on the SIX Swiss Exchange and is headquartered in Rümlang, near Zurich, Switzerland. Around 16,000 employees worldwide support a growing customer base in more than 130 countries. dormakaba Financials dormakaba’s net sales rose by 3.3% to CHF 2,848.8 million in the 2022/23 financial year (previous year: CHF 2,756.9 million). Organic sales growth contributed 8.4% (of which 6.9% relates to pricing) to the overall increase. Adjusted EBITDA, which excludes items affecting comparability, increased by 3.4% to CHF 384.8 million (previous year: CHF 372.3 million). The adjusted EBITDA margin was 13.5% (previous year: 13.5%). Positive contributions […]

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