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.