Dorma Kaba Holding AG

dormakaba Holding AG provides access and security solutions worldwide. Its offerings include door hardware such as closers, locks, fittings, and emergency exit hardware; interior glass systems like manual sliding and double-action doors; and entrance systems including swing operators, automatic sliding doors, revolving doors, sensor barriers, and turnstiles. The company also supplies mechanical key systems, electronic access and data products, lodging systems, and safe locks under brands such as Axessor Appex Series, Axxesor, Paxos, Cencon, CenconX, Auditcon, LA GARD, Mauer, and X-0 series. Founded in 1862 and headquartered in Rümlang, Switzerland, dormakaba serves the airport, healthcare, hospitality, multihousing, office, residential, and utilities industries.

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dorma+kaba Reports Record Margins and Proposes Ownership Simplification

dorma+kaba Holding AG reported record adjusted EBITDA margin of 16.1% for fiscal 2026, with organic sales growth of 3% and a strong second-half acceleration to 4%. Net sales reached CHF2,792.4 million, though currency translation reduced reported sales by 4.9%. The company proposed a simplified ownership structure that would create CHF2.1 billion in capital reserves, enabling tax-free dividends for Swiss shareholders, and received an investment-grade BBB rating from Standard & Poor's. Management guided to organic growth above 3% for fiscal 2026/27, citing a volatile environment, and announced a transition to IFRS reporting with a new operating profit margin guidance of at least 100 basis points improvement.

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