Results and Presentations
Key Figures
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Key Figures
| 01.01. - 30.06. (in EUR million) | 2024 | (%) | 2023 | (%) | (+/ –%) |
|---|---|---|---|---|---|
| Bookings | 382.8 | 103.5% | 339.1 | 101.4% | 12.9% |
| Order backlog (30.06.) | 488.3 | 132.1% | 510.0 | 152.5% | -4.3% |
| Net revenues | 369.7 | 100.0% | 334.5 | 100.0% | 10.5% |
| Gross profit | 127.3 | 34.4% | 110.9 | 33.2% | 14.8% |
| OPEX | 79.1 | 21.4% | 67.8 | 20.3% | 16.7% |
| EBITDA | 53.1 | 14.4% | 47.6 | 14.2% | 11.6% |
| Operating result (EBIT) | 48.2 | 13.0% | 43.1 | 12.9% | 11.8% |
| Result for the period (net profit) | 38.3 | 10.4% | 32.4 | 9.7% | 18.2% |
| Free cash flow | 56.0 | 12.2 | 359.0% | ||
| ROIC | 39.0% | 37.5% |
| 01.01. - 30.06. (in EUR million) | 2024 | (%) | 2023 | (%) | (+/ –%) |
|---|---|---|---|---|---|
| 30.06.2024 | (%) | 30.06.2023 | (%) | (+/-%) | |
| Net working capital | 84.1 | 97.4 | -13.7% | ||
| Net cash | 137.4 | 86.6 | 58.7% | ||
| Equity/Equity ratio | 240.9 | 54.7% | 206.0 | 54.1% | 16.9% |
| Employees (FTE) | 2'538 | 2'205 | 15.1% |
Income Statement
| in EUR million | 01.01. - 30.06.2024 | (%) | 01.01. - 30.06.2023 | (%) |
|---|---|---|---|---|
| Net revenues | 369.7 | 100.0% | 334.5 | 100.0% |
| Cost of goods sold and services provided | -242.4 | -65.6% | -223.6 | -66.8% |
| Gross profit | 127.3 | 34.4% | 110.9 | 33.2% |
| Sales and marketing expenses | -41.7 | -11.3% | -37.0 | -11.1% |
| Administrative expenses | -26.5 | -7.2% | -22.7 | -6.8% |
| R&D expenses | -10.5 | -2.8% | -7.5 | -2.2% |
| Other operating income | 0.3 | 0.1% | 0.1 | 0.0% |
| Other operating expenses | -0.7 | -0.2% | -0.7 | -0.2% |
| Operating result (EBIT) | 48.2 | 13.0% | 43.1 | 12.9% |
| Financial result, net | 2.4 | 0.6% | -0.2 | -0.1% |
| Result for the period before tax (EBT) | 50.6 | 13.7% | 42.9 | 12.8% |
| Income tax expense | -12.3 | -3.3% | -10.5 | -3.1% |
| Income tax rate (based on EBT) | 24.3% | 24.5% | ||
| Result for the period | 38.3 | 10.4% | 32.4 | 9.7% |
Attributable to:
| in EUR million | 01.01. - 30.06.2024 | (%) | 01.01. - 30.06.2023 | (%) |
|---|---|---|---|---|
| Shareholders of Kardex Holding AG | 38.2 | 10.3% | 32.2 | 9.6% |
| Non-controlling interests | 0.1 | 0.0% | 0.2 | 0.1% |
| Result for the period | 38.3 | 10.4% | 32.4 | 9.7% |
| Earnings per share attributable to shareholders of Kardex Holding AG (EUR) | 4.95 | 4.17 |
Balance Sheet
| in EUR million | 30.06.2024 | (%) | 31.12.2023 | (%) |
|---|---|---|---|---|
| Cash and cash equivalents | 122.6 | 27.8% | 107.3 | 25.4% |
| Trade accounts receivable | 76.2 | 17.3% | 93.0 | 22.0% |
| Other receivables | 47.3 | 10.7% | 47.8 | 11.3% |
| Current fixed term deposits | 14.8 | 3.4% | 12.3 | 2.9% |
| Inventories and work in progress | 27.3 | 6.2% | 23.4 | 5.5% |
| Prepaid expenses | 14.1 | 3.2% | 10.9 | 2.6% |
| Current assets | 302.3 | 68.6% | 294.7 | 69.8% |
| Property, plant and equipment | 71.1 | 16.1% | 68.9 | 16.3% |
| Intangible assets | 8.2 | 1.9% | 8.4 | 2.0% |
| Financial assets | 58.9 | 13.4% | 50.2 | 11.9% |
| Non-current assets | 138.2 | 31.4% | 127.5 | 30.2% |
| Assets | 440.5 | 100.0% | 422.2 | 100.0% |
| Trade accounts payable | 30.0 | 6.8% | 25.7 | 6.1% |
| Other current liabilities | 46.4 | 10.5% | 44.2 | 10.5% |
| Current provisions | 8.6 | 2.0% | 8.4 | 2.0% |
| Accruals | 81.4 | 18.5% | 72.6 | 17.2% |
| Current liabilities | 166.4 | 37.8% | 150.9 | 35.7% |
| Non-current provisions | 33.2 | 7.5% | 31.2 | 7.4% |
| Non-current liabilities | 33.2 | 7.5% | 31.2 | 7.4% |
| Liabilities | 199.6 | 45.3% | 182.1 | 43.1% |
| Share capital | 2.5 | 0.6% | 2.5 | 0.6% |
| Capital reserves | 32.8 | 7.4% | 32.3 | 7.7% |
| Goodwill offset | -45.0 | -10.2% | -45.0 | -10.7% |
| Retained earnings and translation differences | 250.9 | 57.0% | 251.1 | 59.5% |
| Treasury shares | -1.3 | -0.3% | -1.8 | -0.4% |
| Equity before non-controlling interests | 239.9 | 54.5% | 239.1 | 56.6% |
| Non-controlling interests | 1.0 | 0.2% | 1.0 | 0.2% |
| Equity | 240.9 | 54.7% | 240.1 | 56.9% |
| Equity and liabilities | 440.5 | 100.0% | 422.2 | 100.0% |
| in EUR million | 30.06.2024 | (%) | 31.12.2023 | (%) |
|---|
Cash Flow Statement
| in EUR million | 01.01. - 30.06.2024 | 01.01. - 30.06.2023 |
|---|---|---|
| Result for the period | 38.3 | 32.4 |
| Depreciation and amortization | 4.9 | 4.5 |
| Additions and reversal of provisions | 3.5 | 5.0 |
| Other non–cash items | -3.9 | -0.8 |
| Change in trade accounts receivable | 17.3 | -1.0 |
| Change in other receivables | 0.8 | -15.5 |
| Change in inventories and work in progress | -3.4 | -2.9 |
| Change in prepaid expenses | -3.1 | -2.2 |
| Change in trade accounts payable | 4.3 | 0.1 |
| Change in other current liabilities | 2.3 | -4.5 |
| Change in provisions | -1.4 | -1.8 |
| Change in accruals | 8.5 | 17.2 |
| Net cash flow from operating activities | 68.1 | 30.5 |
| Purchase of property, plant and equipment | -5.8 | -7.0 |
| Sale of property, plant and equipment | - | 0.1 |
| Purchase of intangible assets | -0.6 | -2.6 |
| Sales of intangible assets | - | 0.1 |
| Change in current fixed term deposits | -2.4 | 19.7 |
| Purchase of financial assets | - | -0.1 |
| Change in other investments | -5.7 | -6.7 |
| Acquisition of subsidiary | - | -2.1 |
| Net cash flow from investing activities | -14.5 | 1.4 |
| Dividend paid | -39.4 | -27.3 |
| Dividend payments to non-controlling interests | -0.1 | - |
| Net cash flow from financing activities | -39.5 | -27.3 |
| Effect of currency translation differences on cash and cash equivalents |
1.2 | -1.0 |
| Net change in cash and cash equivalents | 15.3 | 3.6 |
| Cash and cash equivalents at 01 January | 107.3 | 71.2 |
| Cash and cash equivalents at 30 June | 122.6 | 74.8 |
| Net change in cash and cash equivalents | 15.3 | 3.6 |
| in EUR million | 01.01. - 30.06.2024 | 01.01. - 30.06.2023 |
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