dormakaba Holding stock reports record margin as shares slip

dormakaba Holding stock traded at CHF 60.80 on SIX at 3:59 p.m. CEST on September 24, 2026, down 2.56 percent from the previous close. The Swiss access-solutions group had reported a record adjusted EBITDA margin of 16.1 percent for FY 2025/26, giving the shares a clear earnings reference despite the daily decline.

Record margin meets organic growth

According to dormakaba in its September 1, 2026 announcement, net sales reached CHF 2,792.4 million in the fiscal year ended June 30, 2026. Organic sales growth was 3.0 percent, while reported sales declined 2.7 percent from CHF 2,870.1 million in FY 2024/25.

The quality of that growth is the central investor detail. Adjusted EBITDA rose to CHF 449.0 million from CHF 445.0 million, lifting the margin from 15.5 percent to 16.1 percent, an increase of 60 basis points. Net profit was CHF 185.2 million, compared with CHF 188.0 million in the prior fiscal year.

Guidance sets the next test

For FY 2026/27, dormakaba is guiding to organic net sales growth above 3 percent and an operating profit margin above 11 percent on an IFRS basis, according to the same September 1, 2026 company announcement. Operating cash flow margin is expected at 10.5 percent to 11.5 percent.

The proposed dividend of CHF 0.95 per share for FY 2025/26 is 3.3 percent higher than the previous year. The company also reported net debt of CHF 358.1 million and a net debt to adjusted EBITDA ratio of 0.8 times at the fiscal year end, leaving the margin outcome and acquisition spending as the key numbers to track.

Stock remains below yearly high

At CHF 60.80 on September 24, 2026, the stock was CHF 12.20 below its 52-week high of CHF 73.00 and CHF 13.65 above its 52-week low of CHF 47.15. The market capitalization stood at CHF 2,528,485,344 on the same date, while the daily move of 2.56 percent lower contrasted with the company record margin.

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