Dormakaba FY Net Sales At CHF 2.79 Bln

Dormakaba reported Q1 2026/27 organic sales growth of 4%, driven by price increases and volume growth. Total net sales rose 5.2% to CHF 702.9 million. The company confirmed its full-year outlook, citing resilience amid geopolitical challenges. Three acquisitions were completed in the quarter. CEO Till Reuter highlighted a strong order book in access solutions.

Jefferies upgraded Dormakaba (SIX: DOKA) to 'buy' with a CHF 82 price target, citing margin expansion and U.S. growth. The target implies 34% upside from the Sept. 25 close. The broker expects adjusted EBITDA margins to rise to 18% by fiscal 2028/29, above consensus. Dormakaba reported a record EBITDA margin of 16.1% in fiscal 2025/26, driven by cost savings and pricing gains. The company's restructuring program delivered CHF 235 million in savings, exceeding its target.

dormakaba (DOKA) stock rose 5.2% to CHF 60.8 after reporting a record adjusted EBITDA margin of 16.1% for FY2026. The company proposed acquiring the Mankel family's 47.5% stake for CHF 2.13B and a sale-and-leaseback deal for its HQ exceeding CHF 80M. The board also proposed a 3.3% dividend increase to CHF 0.95 per share.

Telecom Argentina (NYSE:TEO) reported Q3 capital expenditures of $350M, with net debt decreasing 9% YoY to $2.9B. 5G sites expanded to 1,900. Postpaid mobile lines grew 1% YoY, broadband increased 2.5%, and pay TV grew nearly 5%. EBITDA margin excluding TMA exceeded 42%. The company agreed to a $400M divestment with Metrotel, aiming for future integration.

CoreWeave reported record Q3 revenue of $3.66B, up 168% YoY, and raised its full-year outlook. However, it also reported a net loss of $709M, $846M in interest expense, and plans $39B in 2026 capex. Its debt grew to $46.8B by Q3 2026. CoreWeave's growth relies on significant financing, raising concerns about the neocloud business model's sustainability and potential consolidation.

Credo Technology Group reported fiscal 2026 revenue of $1.3B, up 206% YoY, with non-GAAP EPS rising 392% to $3.46. The company's growth is driven by AI networking products, including active electrical cables. Credo's stock gained 74% YTD. Broadcom's AI chip revenue grew 221% YoY to $16.7B in one quarter. Credo expects over 80% revenue growth in fiscal 2027, with optical revenue exceeding $600M.