Investor Handbook

Find out more about Kardex and our business in the Investor Handbook.

Investor handbook april

Why invest in Kardex

  • Attractive growth industry

    Intralogistics is a crucial cost, efficiency factor and a key competence in various industries where automation plays a critical role.

  • Strong market position

    Kardex Remstar is the global market leader in a very attractive niche of the intralogistics market. Kardex Mlog has a leading position in Central Europe.

  • Large installed base

    Kardex has installed over 100,000 Kardex Remstar machines and 1,000 Kardex Mlog warehouse systems worldwide.

  • Sustainable business model

    Life Cycle Management with more than 30% of net revenues reduces cyclicality and generates substantial free cash flow.

  • High profitability and strong balance sheet

    High profitability as a result of an outstanding market position and a balance sheet without goodwill and debt.

  • Attractive dividend policy

    Kardex provides a payout ratio of up to 75% of the operating profit.

Attractive growth industry

Intralogistics is a crucial cost, efficiency factor and a key competence in various industries where automation plays a critical role.

Strong market position

Kardex Remstar is the global market leader in a very attractive niche of the intralogistics market. Kardex Mlog has a leading position in Central Europe.

Large installed base

Kardex has installed over 100,000 Kardex Remstar machines and 1,000 Kardex Mlog warehouse systems worldwide.

Sustainable business model

Life Cycle Management with more than 30% of net revenues reduces cyclicality and generates substantial free cash flow.

High profitability and strong balance sheet

High profitability as a result of an outstanding market position and a balance sheet without goodwill and debt.

Attractive dividend policy

Kardex provides a payout ratio of up to 75% of the operating profit.

Share information

The registered shares of Kardex Holding AG are traded under the Swiss Reporting Standard at the SIX Swiss Exchange, Zurich, Switzerland

Shareholder structure

Major shareholders Holding in % as of 31.12.20
Major shareholders BURU Holding AG und Philipp Buhofer Holding in % as of 31.12.19 23.0%
Major shareholders Alantra Partners S.A. Holding in % as of 31.12.19 6.3%
Major shareholders Invesco Ltd. Holding in % as of 31.12.19 5.0%
Major shareholders Kabouter Management, LLC Holding in % as of 31.12.19 4.8%
Major shareholders Kempen Capital Management N.V. Holding in % as of 31.12.19 3.5%
Directly view disclosures on the SIX Swiss Exchange platform

Share register

ShareCommService AG
Europastrasse 29
8152 Glattbrugg
Switzerland

Tel. +41 44 809 58 58
Fax +41 44 809 58 59
info@sharecomm.ch

Analyst coverage

Financial analysts that cover Kardex include Bank Vontobel AG, Mirabaud Securities LLP, Research Partners AG, USB AG, and Zürcher Kantonalbank.

Kardex | Bank Vontobel AG

Bank Vontobel AG, Zurich

Kardex | Mirabaud Securities LLP

Mirabaud Securities LLP

Kardex | RESEARCH PARTNERS AG

RESEARCH PARTNERS AG, Zurich

Kardex | UBS AG

UBS AG, Zurich

Kardex | Zürcher Kantonalbank

Zürcher Kantonalbank

stifel-logo

Stifel Schweiz AG

Jefferies-1

Jefferies

Dividend Policy

The company’s policy is to distribute normally up to 75% of Kardex’s consolidated net profit in the form of dividends to its shareholders. Instead of dividends, the General Assembly may decide to reduce the par value or to distribute reserves from capital contributions, which in principle is possible to distribute tax-free to individuals.

The dividend payment in 2021 is expected to take place in April. 

The following data is without guarantee:

column 1 Row 1 Ex-date column 2 Row 2 19.04.2021
column 1 row 2 Record-date column 2 row 2 20.04.2021
column 1 row 3 Payment-date column 2 row 3 21.04.2021

Shareholder rights

Shareholders’ participation rights

A majority of shareholders have their registered office or domicile in Switzerland. Each Kardex Holding AG registered share entitles the holder to one vote at the General Meeting (one share = one vote). There are no voting right restrictions. Furthermore, a shareholder has the right to have his/her shares represented at the General Meeting by written proxy by an independent voting proxy, another shareholder with voting rights, or a third party.

Shareholders representing at least 1% of the shares issued may request in writing that items be added to the agenda, specifying the proposed resolutions. Such items must be submitted to the Board of Directors in writing at least 40 days before the General Meeting. 

Duty to make an offer upon change of control

In accordance with § 4 of the company’s Articles of Incorporation, a purchaser of Kardex Holding AG shares is only obliged to make a public offer under the terms of article 135 (the opting-up clause) of the Financial Market Infrastructure Act (FMIA) if his/her holding exceeds 49% of the company’s voting stock.

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