Investor & Shareholder Information

Investor Handbook

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

Download Investor Handbook
Investor Handbook Version 7.0 Cover

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 31.12.23 31.12.22
BURU Holding AG and Philipp Buhofer BURU Holding AG and Philipp Buhofer Holding in % as of 31.12.21 22.1% Holding in % as of 31.12.22 22.1%
Kempen Capital Management N.V. Kempen Capital Management N.V. Holding in % as of 31.12.22 5.7% Holding in % as of 31.12.21 6.4%
Alantra Partners S.A. Alantra Partners S.A. Holding in % as of 31.12.22 4.2% Holding in % as of 31.12.21 5.4%
Credit Suisse Funds AG Credit Suisse Funds AG Holding in % as of 31.12.23 3.1% Holding in % as of 31.12.22
Invesco Ltd. Invesco Ltd. Holding in % as of 31.12.22 Holding in % as of 31.12.21 3.1%
Directly view disclosures on the SIX Swiss Exchange platform
ACCESS NOW

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, Research Partners AG, USB AG, Zürcher Kantonalbank, Stifel Schweiz AG and Jefferies.

Vontobel-1

Bank Vontobel AG, Zurich

Alexander Koller

alexander.koller@vontobel.com

Kardex | RESEARCH PARTNERS AG

RESEARCH PARTNERS AG, Zurich

Robin Seydoux

robin.seydoux@researchpartners.ch

Kardex | UBS AG

UBS AG, Zurich

Sebastian Vogel

sebastian.vogel@ubs.com

Kardex | Zürcher Kantonalbank

Zürcher Kantonalbank

Walter Bamert

walter.bamert@zkb.ch

stifel-logo

Stifel Schweiz AG


Jefferies-1

Jefferies

Constantin Hesse

chesse@jefferies.com

Berenberg_Bank_logo

Berenberg

Lasse Stüben

lasse.stueben@berenberg.com

Kepler

Kepler Cheuvreux

Torsten Sauter

tsauter@keplercheuvreux.com

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.

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. 

Interested in Kardex's investment options?

Get in touch