Sept 3 (Reuters) - Swiss security technology group

Dormakaba reported an 8.3% rise in its full-year

adjusted core profit on Tuesday, helped by the cost cutting

programme launched in July last year.

The company, whose products range from entrance systems to

safe locks, posted adjusted earnings before interest, tax,

depreciation and amortisation (EBITDA) of 416.9 million Swiss

francs ($488.9 million) for the year ended June 30, up from

384.8 million a year earlier.

That led to an improved adjusted EBITDA margin of 14.7%,

versus 13.5% in the year prior.

Dormakaba is trying to improve its profitability to keep up

with competitors such as Assa Abloy and Allegion ( ALLE )

. It last year launched a transformation plan that

includes cost savings and staff reductions to help reach its

medium-term financial targets.

For the 2024/25 financial year, it forecast organic net

sales growth of 3% to 5%, with an adjusted EBITDA margin of at

least 15%.

The Swiss group said it would propose a dividend of 8 francs

per share at its annual general meeting, down from the 9.50

francs distributed last year.

($1 = 0.8527 Swiss francs)