Dormakaba sees full-year organic growth above mid-term target of 3% to 5%

March 07, 2023 04:52 PM AEDT | By Reuters
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(Reuters) - Swiss security group Dormakaba Holding AG on Tuesday said it expects continued organic growth above its mid-term target range of 3% to 5% in the 2022/23 fiscal year, and that it is exposed to global macroeconomic and geopolitical pressure.

The company said it sees sequential improvement to a slightly higher full-year adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) margin.

(Reporting by Bartosz Dabrowski in Gdansk; Editing by Christopher Cushing)


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