Dormakaba Shows Financial Progress in First Half of 2025/26

Dormakaba Holding AG reported a 2.0% organic net sales growth in the first half of 2025/26, driven by strong pricing in its Access Solutions segment. Despite a slight volume decline, the company's adjusted EBITDA margin rose by 40 basis points to 15.6%. Dormakaba's transformation program delivered significant cost savings, surpassing CHF 170 million, contributing to a net profit of CHF 77.4 million.

The company maintains a robust financial position, with a debt ratio of 1.0x. S&P Global Ratings assigned Dormakaba a "BBB" rating, reflecting the company's stable outlook. Dormakaba's strategic focus on key vertical markets, such as healthcare and data centers, continues to drive success, while the North American growth plan remains a priority.

Overall, Dormakaba reiterated its fiscal guidance for 2025/26, expecting an adjusted EBITDA margin above 16%, despite a challenging economic environment.