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Dormakaba Shares Drop 6.31% Despite Earnings Beat Amid Sector Weakness
Dormakaba Shares Drop 6.31% Despite Earnings Beat Amid Sector Weakness
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BTCCSquare news:
Dormakaba Holding AG's stock fell sharply despite reporting full-year net profit of 188 million Swiss francs, exceeding analyst estimates. The decline reflects broader market caution as residential and automotive demand softens.
Cost discipline and geographic diversification partially offset sector headwinds. The company raised its dividend 15% and forecasts 3-5% organic growth next fiscal year, signaling long-term confidence amid short-term volatility.
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