Segment Access Solutions DACH

AS DACH generated total sales of CHF 424.6 million in the first half of financial year 2021/22 compared to CHF 396.2 million in the same period of the previous year. Organic sales grew by 8.6% year-on-year despite shortages of materials such as electronic components.

Sales growth in the DACH countries in the first half of 2021/22 was driven in particular by good growth in Germany and Austria as well as by strong intercompany business. The Product Clusters Services and Entrance Systems achieved double-digit growth. Most other businesses contributed as well.

Adjusted EBITDA increased to CHF 77.4 million in the first half of 2021/22 (previous year CHF 67.9 million), while the adjusted EBITDA margin improved to 18.2% from the previous yearʼs 17.1%. This positive development was driven by higher sales volumes, increased sales prices, and effective cost management. Improvements in operational efficiency, including at the production facilities in Buehl and Ennepetal (Germany) also contributed. All these effects offset higher raw material and freight costs.

AS DACH expects continued good organic growth for the second half of financial year 2021/22 based on a good order backlog. Further contributions are expected from new and innovative products such as the new self-boarding gate Argus Air. This product combines dormakabaʼs latest design-oriented sensor barriers (Argus) with biometric control that enables touchless access. The solution has been successfully tested with Lufthansa at Frankfurt Airport (Germany) and has been installed at Vienna Airport (Austria) for the “Star Alliance Biometric Hub”.

The segment has already benefited from first orders for EntriWorX, an innovative solution that supports smart planning processes for buildings, simple installation of door solutions, and secure, smooth operation of these applications. AS DACH launched the solution in the German market at the end of April 2021 and has initiated a phased international market rollout for 2022.

The segment has started to execute the new strategy Shape4Growth to accelerate profitable growth with measures including the implementation of sales activation workstreams and the introduction of additional Specification writers. There will be a particular focus on continued sales price initiatives to compensate for higher raw material and freight costs. Several additional price increases have already been announced for the beginning of the second half of 2021/22, including a surcharge for electronic components.

The new strategy includes a focus on core verticals like the Public Sector, where the segment won in Austria the Campus Vienna with products across several Product Clusters.

IT projects are being accelerated to enable state-of-the-art digital capabilities across the organization, and AS DACH has initiated its first measures, which include an IT roadmap for extended warehouse management (Wuppertal, Germany) and the standard template for the Services business based on ServiceMax.

On 31 October 2021 dormakaba divested its interior glass business (IGS) to Italian-based industrial and financial group Aliante Equity Tre S.p.A. The deal included the transfer of dormakabaʼs global interior glass solution products, the Dorma-Glas GmbH manufacturing site in Bad Salzuflen (Germany), and selected sales units in Europe. As part of the transaction 235 employees were taken on by the new owner.

Key figures – segment AS DACH

Segment sales (CHF million) – AS DACH