Kardex AG: Another successful year for Kardex
4 March 2019, Company News
Kardex AG / Key word(s): Annual Results
Media information - Year End Results 2018
Another successful year for Kardex
- Bookings and order backlog reach new record levels
- Kardex Group increases revenue by 12.6% and EBIT by 15.7%
- Kardex Remstar grows at double-digit rates
- Kardex Mlog reaches new profitability level
- Distribution to shareholders increases from CHF 3.60 to CHF 4.00
The Kardex Group continued its dynamic development in 2018. A largely positive economic environment and the Group's strong market position ensured a continued good level of bookings and full order books in both divisions. Despite some bottlenecks in the supply chain, which led to higher costs and extended project durations, revenue and profit development accelerated. Kardex Remstar made targeted investments to increase capacity. Kardex Mlog reached a new level of profitability.
At EUR 481.2 million, the Kardex Group's bookings were up 16.8% on the previous year and Group revenues increased to EUR 423.4 million, 12.6% more than in 2017. At 15.9%, the growth rate of the service business again exceeded the equally strong growth rate of new business of 11.0%. The Group's order backlog at yearend amounted to EUR 230.1 million, a new high. This is 32.5% more than the comparable figure at the end of the previous year. The number of employees in the group increased by 9.3% to 1 807 full-time equivalents during the year.
Further increase in EBIT margin
Kardex Remstar continues dynamic growth
Kardex Mlog increases operating income by more than 30%
Balance sheet remains strong and free cash flow high
Further increase in payout
1 2018: planned.
Kardex Group - Corporate Profile
Document title: Kardex_Media information Year End Results 2018
End of ad hoc announcement
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