5 Feb 2025
dormakaba announces that it is expecting to report a significant increase in reported operating profit (EBIT, Earnings before interest and taxes) and net profit for the first half-year 2024/25 for the period ending 31 December 2024 relative to the period ending 31 December 2023.
Net sales and adjusted EBITDA margin are expected to be in line with 2024/25 full-year guidance.
Profit hike
The significant increase in reported operating profit and net profit is attributable to lower restructuring costs and goodwill amortization as well as the sale of a site in Montreal.
Financial results for the first half-year as of 31 December 2024 will be reported on 25 February 2025 after approval by the Board of Directors.