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 amortisation 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.
Find out the state of adoption, trends and opportunities with Artificial Intelligence (AI) in physical security.
