dormakaba Holding AG is the parent company of dormakaba Group and owns 52.5% of dormakaba Holding GmbH + Co. KGaA, an intermediate holding company that comprises all the operating entities of the Group and is fully consolidated in the financial statements prepared by the parent company1. Minority interests are shown separately as part of equity capital. dormakaba Holding AG’s consolidated financial statements are reported in Swiss francs (CHF) and for the financial year that runs from 1 July 2024 to 30 June 2025. They are prepared in accordance with Swiss GAAP FER, an internationally accepted accounting standard for small and medium-sized organizations and groups of organizations with a presence in Switzerland. dormakaba Holding AG is listed on the SIX Swiss Exchange and is headquartered in Rümlang, Zurich, Switzerland.
Beyond its obligations under Swiss GAAP FER, dormakaba Holding AG presents a Group Management Report that meets the requirements of the Swiss Code of Obligations (Schweizer Obligationenrecht, OR), particularly Art. 961c; of Section 315 of the German Commercial Code (Deutsches Handelsgesetzbuch, HGB); and of Standard 20 of the German Accounting Standards (Deutscher Rechnungslegungs Standard Nr. 20, DRS20).
dormakaba Group (dormakaba) is a leading provider in the access solutions market. The company offers customers a broad, innovative portfolio of products, solutions, and services that easily fit into building ecosystems. With a clear portfolio segmentation, dormakaba concentrates on its global core businesses Access Automation Solutions (door operators, sliding doors, and revolving doors), Access Control Solutions (connected devices and engineered solutions), Access Hardware Solutions (door closers, exit devices, and mechanical key systems), and Services. The company is also a market leader for Key Systems (key blanks, key cutting machines, and automotive solutions such as transponder keys and programmers), as well as Movable Walls (incl. acoustic movable partitions and horizontal and vertical partitioning systems).
dormakaba has a long tradition of innovation and engineering expertise. It strives to be an innovation leader that anticipates and fulfills customer needs through continuous technological advancement, creating state-of-the-art solutions that add value for customers and end users alike.
dormakaba is active in around 130 countries and is present in all relevant markets through production sites, distribution and service offices, and collaboration with local partners.
As a publicly listed company, dormakaba’s fundamental goal is to increase its long-term enterprise value across industry cycles and economic fluctuations. It is assisted in this by a strong Pool Shareholder Group that ensures the long-term orientation of its strategy. The company aims to create shareholder value while also furthering the interests of other stakeholders: most importantly its customers, as well as technology and distribution partners, employees, and associates. dormakabaʼs corporate strategy – Shape4Growth (S4G) – is about transforming the company, shaping it to its full potential, and accelerating profitable growth.
For more about the strategy and its execution, see here.
dormakaba’s operating model amplifies the companyʼs strategic focus on its core business and customer centricity.
The companyʼs core business, Access Solutions is led by the Chief Commercial Officer (CCO), with the “5+2” key markets reporting directly to them and the others managed through three country clusters for increased efficiency. Customer excellence functions such as Strategic Marketing, Global Accounts & OEM, Services, and Product Management for Access Hardware Solutions and Access Automation Solutions are also under the CCO’s lead.
Globalized management of Operations and Product Development (Innovation) functions secures efficiencies of scale and business synergies. This setup extends to globally managed Finance, HR and IT functions.
The organizational setup is completed by Key & Wall Solutions and OEM (KWO) business segment. It operates as a standalone and self-contained segment with three global businesses – Key Systems, Movable Walls and Original Equipment Manufacturing (OEM).
A detailed description of the operating model can be found here.
Strategic leadership of dormakaba is exercised by the Board of Directors (BoD) of dormakaba Holding AG. The duties and responsibilities of the BoD are defined by the Swiss Code of Obligations, combined with the company’s Articles of Incorporation and Organizational Regulations. The BoD delegates responsibility for day-to-day management of the business to the Chief Executive Officer (CEO), supported by the Executive Committee (EC). The powers and functions of the EC are set out in the Organizational Regulations. Further details of the internal management system are provided in the Corporate Governance Report 2024/25.
The principles governing compensation for the BoD and EC are set out in the Articles of Incorporation. These include: the basic principles of compensation for the BoD (Article 23); the basic principles of compensation for the EC (Article 24); a binding vote on compensation at the General Meeting of Shareholders (Article 22); the maximum additional amount of compensation for new EC members (Article 25); agreements with members of the BoD and the EC, and notice periods for the members of the EC (Article 26); and their credits and loans (Article 28).
The Compensation Report, which provides further details on the compensation system and on compensation paid out in the financial year 2024/25, is available here.
Proactively addressing the needs and expectations of society, customers, and employees, dormakaba has made a long-term commitment to fostering sustainable development along its entire value chain, recognizing its economic, environmental, and social responsibilities to current and future generations.
This year the company actively transitioned to the European Sustainability Reporting Standards (ESRS). It focused on integrating as much of the ESRS core structure as possible to accelerate its readiness for full compliance. dormakaba will be required to report in line with the ESRS starting earliest in FY 2027/28 (pending decisions as part of the EU's Omnibus package), and the company is taking decisive steps now to ensure it meet these requirements.
In line with the CSRD, dormakaba conducted a double materiality assessment (DMA), replacing its impact materiality approach. During the assessment the company collected insights from stakeholders across its value chain, regarding its actual and potential impacts on the environment and society (impact materiality), as well as how sustainability issues may influence its financial performance (financial materiality). As a result, dormakaba reconfirmed the companyʼs sustainability framework and added two new material topics. The framework outlines sustainability standards and measures for the period from 2021 to 2027, grouping topics according to three Pillars: People, Planet, and Partnerships.
The dormakaba Sustainability Report 2024/25 contains detailed information on the company’s sustainability framework, measures, and progress. The information published on dormakaba’s sustainable economic activities is in line with the EU Taxonomy Regulation. Disclosures on non-financial matters are made in accordance with Art. 964b of the Swiss Code of Obligations. The Sustainability Report also includes a detailed climate risk and opportunities analysis and management report aligned with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). The Sustainability Report is supplemented by annually issued reports on related matters, such as the Modern Slavery and Child Labor Statement, the Communication on Progress to the UN Global Compact, and the submission to the Carbon Disclosure Project.
Detailed information on the business performance and the average number of full-time equivalent employees in the financial year 2024/25 can be found in the Group Performance section of this Group Management Report and in the Consolidated Financial Statements for the financial year 2024/25.
dormakaba has defined a set of strategic non-financial performance indicators for each strategy cycle. These are continuously measured, with initiatives designed and implemented for improvement where needed. The main non-financial performance indicators are the following:
As a matter of course, dormakaba complies with all applicable laws and regulations at local, national, and international levels. Its internal company directives, based on a binding Group-wide Code of Conduct, apply globally and cover internal processes as well as relations with external partners, including customers, authorities, and suppliers. dormakaba has developed a range of measures and processes to prevent abuses and ensure that responsibilities are met; these measures and processes are continuously reviewed and refined. The Code of Conduct is available, in several languages, to all employees on the Group Intranet and to external stakeholders on the dormakaba website. Mandatory Code of Conduct training sessions are offered to all dormakaba new joiners.
The Code of Conduct and the Supplier Code of Conduct confirm dormakaba’s commitment to respecting human rights. The Group’s Human Rights Due Diligence (HRDD) framework and material topics are further described in its Statement of Commitment on Human Rights, which aligns with international standards, including the UN Guiding Principles on Business and Human Rights, and which has been revised to reflect requirements under the German Supply Chain Due Diligence Act.
Based on the human rights-related risks and impacts identified, dormakaba will continue to develop prevention and mitigation measures integrated into company operations, training programs, policies, and management systems. Human rights-related risks identification and mitigation are also a central part of supplier due diligence. In the financial year 2024/25, a key focus has been to continue assessing the risks present in our high-risk suppliers by means of on-site audits. There is further information on human rights in the Sustainability Report 2024/25.
As a manufacturer, dormakaba inevitably consumes resources and generates waste and emissions; environmental issues are therefore highly relevant along the Group’s entire value chain. In September 2021, dormakaba adopted its global Environment Directive, which defines its fundamental requirements and regulations for environmental performance. In the financial year 2023/24 the company updated the Directive with additional requirements on green electricity, energy requirements for new and expanding facilities and fuel consumption, and included even more criteria for product sustainability, in consideration of the EU EcoDesign Regulation. A detailed overview of the company’s sustainability work and key benchmarks, including greenhouse gas emissions, energy consumption, water consumption, and waste management, is available in the Sustainability Report 2024/25. A detailed climate risk and opportunities analysis and management report, aligned with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), also forms part of the Sustainability Report.
dormakaba maintains a comprehensive, globally consistent procurement policy, based on detailed analysis of its own needs and rigorous assessment of current and potential suppliers, supported where necessary by on-site quality audits.
The dormakaba Supplier Code of Conduct outlines minimum requirements relating to human rights, fair working conditions, environmental responsibility, and business ethics, among other criteria. Supply chain risk assessment is based on seven families of indicators: energy and emissions; effluents and waste; occupational health and safety; materials; training and education; freedom of association; and human rights. dormakaba assesses suppliers’ sustainability performance in collaboration with EcoVadis, the world’s most trusted business sustainability ratings provider, and requires improvement plans where assessment results are unsatisfactory.
Further information is available in the Supplier Sustainable Development chapter of the Sustainability Report 2024/25.
Detailed information on dormakaba Holding AG’s capital structure can be found in the Corporate Governance Report 2024/25.