Dormakaba Shifts Focus from Reshaping to Growth

Dormakaba Holding AG, an access solutions company, underscores its strategic shift from "Shape" to "Growth" during the 2024 Capital Markets Day. The company highlights its commitment to a commercial transformation, projecting cost savings of CHF 40 million by 2027/28 through streamlining operations, particularly in the door closer sector, which aims to save CHF 10 million by 2027/28.

Dormakaba plans to enhance its North American market share by aiming for GDP plus 2% annual growth over three years. The company maintains its mid-term targets, projecting 3-5% organic sales growth and a 16-18% EBITDA margin by 2025/26. CEO Till Reuter emphasizes that the company's current progress facilitates a pivot to growth, reinforcing its core business, innovation, and customer-focused strategies.

The firm also aims to simplify operations by consolidating software platforms and minimizing its hardware portfolio. By evolving products for interoperability and expanding into promising verticals like multi-housing, Dormakaba seeks to accelerate growth and maintain its sustainable market position.