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Results and Presentations
Key Figures
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Key Figures
| 01.01. - 30.06. (in EUR million) | 2023 | (%) | 2022 | (%) | (+/ –%) |
|---|---|---|---|---|---|
| Bookings | 339.1 | 101.4% | 320.5 | 124.5% | 5.8% |
| Order backlog (30.06.) | 510.0 | 152.5% | 437.4 | 169.9% | 16.6% |
| Net revenues | 334.5 | 100.0% | 257.5 | 100.0% | 29.9% |
| Gross profit | 110.9 | 33.2% | 81.5 | 31.7% | 36.1% |
| Operating expenses (OPEX) | 67.8 | 20.3% | 57.7 | 22.4% | 17.5% |
| EBITDA | 47.6 | 14.2% | 28.0 | 10.9% | 70.0% |
| Operating result (EBIT) | 43.1 | 12.9% | 23.8 | 9.2% | 81.1% |
| Result for the period (net profit) | 32.4 | 9.7% | 15.8 | 6.1% | 105.1% |
| Free cash flow | 12.2 | -9.2 | 232.6% | ||
| ROIC | 37.5% | 32.5% |
| 01.01. - 30.06. (in EUR million) | 2023 | (%) | 2022 | (%) | (+/ –%) |
|---|---|---|---|---|---|
| 30.06.2023 | (%) | 30.06.2022 | (%) | (+/-%) | |
| Net working capital | 97.4 | 62.4 | 56.1% | ||
| Net Cash 1 | 86.6 | 108.4 | -20.1% | ||
| Equity/Equity ration | 206.0 | 54.1% | 180.5 | 54.2% | 14.1% |
| Employees (FTE) | 2'205 | 2'062 | 6.9% |
1 Definition according Alternative Performance Measures (APM) see notes.
Income Statement
| in EUR million | 01.01.-30.06.2023 | (%) | 01.01.-30.06.2022 | (%) |
|---|---|---|---|---|
| Net revenues | 334.5 | 100.0% | 257.5 | 100.0% |
| Cost of goods sold and services provided | -223.6 | -66.8% | -176.0 | -68.3% |
| Gross profit | 110.9 | 33.2% | 81.5 | 31.7% |
| Sales and marketing expenses | -37.0 | -11.1% | -31.3 | -12.2% |
| Administrative expenses | -22.7 | -6.8% | -19.9 | -7.7% |
| R&D expenses | -7.5 | -2.2% | -6.4 | -2.5% |
| Other operating income | 0.1 | 0.0% | 0.6 | 0.2% |
| Other operating expenses | -0.7 | -0.2% | -0.7 | -0.3% |
| Operating expenses (OPEX) | -67.8 | -20.3% | -57.7 | -22.4% |
| Operating result (EBIT) | 43.1 | 12.9% | 23.8 | 9.2% |
| Financial result, net | -0.2 | -0.1% | -2.3 | -0.9% |
| Result for the period before tax (EBT) | 42.9 | 12.8% | 21.5 | 8.3% |
| Income tax expense | -10.5 | -3.1% | -5.7 | -2.2% |
| Income tax rate (based on EBT) | 24.5% | 26.5% | ||
| Result for the period | 32.4 | 9.7% | 15.8 | 6.1% |
Attributable to:
| in EUR million | 01.01.-30.06.2023 | (%) | 01.01.-30.06.2022 | (%) |
|---|---|---|---|---|
| Shareholders of Kardex Holding AG | 32.2 | 9.6% | 16.0 | 6.2% |
| Non-controlling interests | 0.2 | 0.1% | -0.2 | -0.1% |
| Result for the period | 32.4 | 9.7% | 15.8 | 6.1% |
| Earnings per share attributable to shareholders of Kardex Holding AG (EUR) 1 | 4.17 | 2.07 |
1 No dilutive effect occurred in 2023 and 2022.
Balance Sheet
| in EUR million | 30.06.2023 | (%) | 31.12.2022 | (%) |
|---|---|---|---|---|
| Cash and cash equivalents | 74.8 | 19.6% | 71.2 | 19.6% |
| Trade accounts receivable | 81.3 | 21.4% | 80.7 | 22.2% |
| Other receivables | 47.6 | 12.5% | 32.4 | 8.9% |
| Current fixed term deposits | 11.8 | 3.1% | 31.5 | 8.7% |
| Inventories and work in progress | 36.0 | 9.5% | 33.5 | 9.2% |
| Prepaid expenses | 10.7 | 2.8% | 8.6 | 2.4% |
| Current assets | 262.2 | 68.9% | 257.9 | 70.8% |
| Property, plant and equipment | 64.1 | 16.8% | 61.2 | 16.8% |
| Intangible assets | 12.5 | 3.3% | 11.2 | 3.1% |
| Financial assets | 41.9 | 11.0% | 33.8 | 9.3% |
| Non-current assets | 118.5 | 31.1% | 106.2 | 29.2% |
| Assets | 380.7 | 100.0% | 364.1 | 100.0% |
| Trade accounts payable | 26.5 | 7.0% | 26.3 | 7.2% |
| Other current liabilities | 42.5 | 11.2% | 47.3 | 13.0% |
| Current provisions | 4.9 | 1.3% | 4.4 | 1.2% |
| Accruals | 71.1 | 18.7% | 54.4 | 14.9% |
| Current liabilities | 145.0 | 38.1% | 132.4 | 36.4% |
| Non-current provisions | 29.7 | 7.8% | 27.1 | 7.4% |
| Non-current liabilities | 29.7 | 7.8% | 27.1 | 7.4% |
| Liabilities | 174.7 | 45.9% | 159.5 | 43.8% |
| Share capital | 2.5 | 0.7% | 2.5 | 0.7% |
| Capital reserves | 32.1 | 8.4% | 32.1 | 8.8% |
| Goodwill offset | -45.0 | -11.8% | -42.8 | -11.8% |
| Retained earnings and translation differences | 217.6 | 57.2% | 214.3 | 58.9% |
| Treasury shares | -2.1 | -0.6% | -2.2 | -0.6% |
| Equity before non-controlling interests | 205.1 | 53.9% | 203.9 | 56.0% |
| Non-controlling interests | 0.9 | 0.2% | 0.7 | 0.2% |
| Equity | 206.0 | 54.1% | 204.6 | 56.2% |
| Equity and liabilities | 380.7 | 100.0% | 364.1 | 100.0% |
| in EUR million | 30.06.2023 | (%) | 31.12.2022 | (%) |
|---|
Cash Flow Statement
| in EUR million | 01.01.-30.06.2023 | 01.01.-30.06.2022* |
|---|---|---|
| Result for the period | 32.4 | 15.8 |
| Depreciation and amortization | 4.5 | 4.2 |
| Additions to or reversal (net) of provisions | 5.0 | 2.7 |
| Gain/loss on sale of assets | - | -0.5 |
| Other non–cash items | -0.8 | 1.5 |
| Change in trade accounts receivable | -1.0 | -4.4 |
| Change in other receivables | -15.5 | -8.8 |
| Change in inventories and work in progress | -2.9 | -13.4 |
| Change in prepaid expenses | -2.2 | -3.6 |
| Change in trade accounts payable | 0.1 | -1.0 |
| Change in other current liabilities | -4.5 | 6.5 |
| Change in provisions | -1.8 | -1.7 |
| Change in accruals | 17.2 | 2.3 |
| Net cash flow from operating activities | 30.5 | -0.4 |
| Purchase of property, plant and equipment | -7.0 | -7.3 |
| Sale of property, plant and equipment | 0.1 | 1.1 |
| Purchase of intangible assets | -2.6 | -2.2 |
| Sale of intangible assets | 0.1 | - |
| Change in current fixed term deposits | 19.7 | 38.2 |
| Purchase of non-current fixed term deposits | - | -11.0 |
| Purchase of financial assets | -0.1 | - |
| Change in investments | -6.7 | -0.4 |
| Acquisition of subsidiary | -2.1 | - |
| Net cash flow from investing activities | 1.4 | 18.4 |
| Acquisition of treasury shares | - | -1.9 |
| Disposal of treasury shares | - | 1.5 |
| Change in current financial liabilities | - | 0.1 |
| Divident paid | -27.3 | -32.4 |
| Net cash flow from financing activities | -27.3 | -32.7 |
| Effect of currency translation differences on cash and cash equivalents |
-1.0 | 1.9 |
| Net change in cash and cash equivalents | 3.6 | -12.8 |
| Cash and cash equivalents at 1 January | 71.2 | 85.9 |
| Cash and cash equivalents at 30 June | 74.8 | 73.1 |
| Net change in cash and cash equivalents | 3.6 | -12.8 |
* Restated see notes.
| in EUR million | 01.01.-30.06.2023 | 01.01.-30.06.2022* |
|---|
