Dormakaba Holding AG Provides Earnings Guidance for the First Quarter and First Half of Financial Year 2021
September 03, 2020 at 07:52 am EDT
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dormakaba Holding AG provided earnings guidance for the first quarter and first half of financial year 2021. Under the assumption that Covid-19 or geopolitical tensions will not create additional significant deterioration of the business environment, dormakaba expects for the first quarter of financial year 2020/21 to outperform financial results of the fourth quarter of 2019/20, both in terms of organic growth and EBITDA margin. Based upon the same framework, expectation for the first half of financial year 2020/21 is to outperform second half of financial year 2019/20.
The company provided that based upon the same framework, expectation for the first half of financial year 2020/21 is to outperform second half of financial year 2019/20. The company expects that organic sales growth and EBITDA margin for the first half of 2020/'21 should be better than the second half of the 2019/'20 financial year.
Dormakaba Holding AG is a Switzerland-based company engaged in the provision of access solutions and systems in the security industry. The Company operates in three business segments: the Access + Data Systems segment products range from mechanical and mechatronic lock cylinders, networked access control solutions, pushbutton locks, digital locking systems, access control and management software, card readers, and hotel locking systems to electronic high-security locking solutions, Automated Teller Machine (ATM) locks, transit and cargo security products, as well as locks and cylinders for Original Equipment Manufacturer (OEM) use; the Key Systems segment offers products, ranging from keys, key blanks and transponder keys to mechanical, electronic and (semi-)industrial key cutting and origination machines, as well as duplication equipment, and Other segment includes operations involving contactless identification systems, which are based on Legic smartcard technology.