Kardex AG: Half Year Results 2015 / Strong development of the Kardex Group continues 2015
13 August 2015, Company News
Kardex AG / Key word(s): Half Year Results
Media information - Half Year Results 2015
Zurich, 13 August 2015
Strong development of the Kardex Group continues in 2015
The financial year 2015 has started well, following on from the good second half of 2014. Kardex Remstar is continuing on its dynamic growth path and Kardex Mlog is recording profitable growth for the first time.
Significant currency effects
Double-digit growth and improved operating result
Positive development in both divisions
The repositioning of the Kardex Mlog division is increasingly paying dividends. This is evident, among other things, in the strong increase in bookings, which rose by 55.2% or EUR 12.1 million to EUR 34.0 million compared to the relatively weak previous-year period. The generated revenue rose by 15.7%. The revenue mix, in particular, moved in the desired direction. Revenues generated with refurbishment projects increased by nearly 160%, newly accounting for one quarter of the total revenue. The efforts to further expand the components business are also increasingly bearing fruit. The operating result rose by more than one million to EUR 1.5 million, hitting the targeted EBIT margin range of 4% to 6% with 4.2% for the first time since being acquired by the Kardex Group. The Kardex Mlog division is not subject to substantial foreign currency effects.
Sound balance sheet
Cautiously optimistic outlook
Today, 13 August 2015 at 10.00 a.m. (CET), an analyst and media conference call will be held with Executive Director Felix Thöni, Head of Finance and Controlling, Thomas Reist as well as Investor Relations Contact Officer Edwin van der Geest to discuss the half-year results. The corresponding presentation is available on http://www.kardex.com/index.php?id=2186&no_cache=1&L=0.
Key figures (EUR millions)
Kardex Group - Corporate Profile
This communication contains statements that constitute "forward-looking statements". In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans and objectives. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond Kardex's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in Kardex's past and future filings and reports and in past and future filings, press releases, reports and other information posted on Kardex Group companies' websites. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication. Kardex disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.
End of ad hoc announcement
Document title: Media information_Half Year Result 2015
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