Dormakaba reports strong performance, strategic progress in first half of 2024/25
Dormakaba, a global provider of security and access solutions, has announced robust financial results for the first half of the 2024/’25 fiscal year. The company reported a 5.1% increase in organic net sales, reaching approximately $1.6 billion (CHF 1,421.3 million), driven by higher volumes and pricing. Adjusted EBITDA rose to $242 million (CHF 216.1 million), with a margin expansion to 15.2%.
CEO Till Reuter highlighted the company’s continued momentum, stating, “Our strategy and transformation program are on track, driving growth through innovation and operational efficiency. Our solutions received strong recognition at BAU 2025, underscoring our commitment to security and infrastructure protection.”
The Access Solutions segment saw a 5% growth in organic net sales, with significant contributions from North America, Germany and the UK/Ireland. The Key & Wall Solutions and OEM segment also performed well, with a 7% increase in organic net sales, particularly in the Movable Walls business.
Dormakaba’s transformation program has been pivotal in achieving these results, contributing to margin expansion and operational efficiency. The company also made strategic acquisitions, including Montagebedrijf van den Berg B.V. and a minority stake in Safetrust Inc.
The company reported a strong balance sheet, with return on capital employed (ROCE) — a financial ratio that measures a company’s profitability and how efficiently it uses its capital — increasing to 29.9% and net debt at $522.4 million USD (CHF 466.4 million). Free cash flow slightly declined to $57 million (CHF 50.9 million) due to increased inventory.
Looking ahead, dormakaba has upgraded its outlook for the full fiscal year, expecting organic net sales growth of 3-5% and an adjusted EBITDA margin of around 15.5%.
New CFO Appointment
The dormakaba board of directors appointed René Peter as chief financial officer, effective immediately. He succeeds Christina Johansson, who passed away after a prolonged illness in early February. Peter has over 30 years of experience in financial leadership across various industrial sectors. Throughout his career, he played a pivotal role in optimizing financial performance and reporting, enhancing operational excellence, and driving business transformation.
Since joining dormakaba in 2013, he has held key regional and global roles, including senior vice president finance group controlling since 2019. In July 2024 he stepped in as CFO at interim ensuring seamless business continuity during a critical period.
