Key Figures

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Key Figures

01.01. - 31.12. (in EUR million) 2022 (%) 2021 (%) (+/ –%)
Bookings 698.6 123.5% 603.0 132.4% 15.9%
Order backlog (31.12.) 510.5 90.3% 366.6 80.5% 39.3%
Net revenues 565.6 100.0% 455.5 100.0% 24.2%
Gross profit 177.7 31.4% 163.3 35.9% 8.8%
OPEX 121.9 21.6% 102.2 22.4% 19.3%
EBITDA 65.4 11.6% 67.7 14.9% -3.4%
Operating result (EBIT) 55.8 9.9% 61.1 13.4% -8.7%
Result for the period (net profit) 38.6 6.8% 43.7 9.6% -11.7%
Free cash flow -15.2 51.4 -129.6%
ROIC 27.5% 32.7%
01.01. - 31.12. (in EUR million) 2022 (%) 2021 (%) (+/ –%)
  31.12.2022 (%) 31.12.2021 (%) (+/-%)
Net working capital 76.2 44.1 72.8%
Net cash 1 102.7 148.5 -30.8%
Equity/Equity ratio 204.6 56.2% 193.9 57.4% 5.5%
Employees (FTE) 2'097 1'966 6.7%
           
2022 (%) 2021 (%) (+/-%)
Distribution per share (CHF) 2 3.50 4.30 -18.6%

1 Definition according Alternative Performance Measures (APM) see note 1.

2022: Distribution of a dividend as proposed to the Annual General Meeting to be held on 20 April 2023

 

Income Statement

in EUR million 2022 (%) 2021 (%)
Net revenues 1 565.6 100.0% 455.5 100.0%
Cost of goods sold and services provided -387.9 -68.6% -292.2 -64.1%
Gross profit 177.7 31.4% 163.3 35.9%
         
Sales and marketing expenses -65.3 -11.5% -53.3 -11.7%
Administrative expenses -41.9 -7.4% -37.6 -8.3%
R&D expenses -12.7 -2.2% -12.0 -2.6%
Other operating income 0.7 0.1% 1.4 0.3%
Other operating expenses -2.7 -0.5% -0.7 -0.2%
Operating result (EBIT) 55.8 9.9% 61.1 13.4%
         
Financial result, net -2.3 -0.4% -1.5 -0.3%
         
Result for the period before tax (EBT) 53.5 9.5% 59.6 13.1%
         
Income tax expense -14.9 -2.6% -15.9 -3.5%
Income tax rate (based on EBT)   27.9%   26.7%
         
Result for the period 38.6 6.8% 43.7 9.6%
Attributable to:
in EUR million 2022 (%) 2021 (%)
Shareholders of Kardex Holding AG 37.8 6.7% 43.9 9.6%
Non-controlling interests -0.8 0.1% -0.2 0.0%
Result for the period 38.6 6.8% 43.7 9.6%
         
Earnings per share attributable to shareholders of Kardex Holding AG (EUR) 1 4.90 5.69

1 No dilutive effect occurred in 2022 and 2021.

Balance Sheet

in EUR million 31.12.2022 (%) 31.12.2021* (%)
Cash and cash equivalents 71.2 19.6% 85.9 25.4%
Trade accounts receivable 80.7 22.2% 61.3 18.1%
Other receivables 32.4 8.9% 27.3 8.1%
Current fixed term deposits 31.5 8.7% 43.2 12.8%
Inventories and work in progress 33.5 9.2% 6.5 1.9%
Prepaid expenses 8.6 2.4% 4.3 1.3%
Current assets 257.9 70.8% 228.5 67.6%
 
Property, plant and equipment 61.2 16.8% 53.7 15.9%
Intangible assets 11.2 3.1% 7.9 2.3%
Non-current fixed term deposits - 0.0% 20.0 5.9%
Financial assets 33.8 9.3% 27.7 8.2%
Non-current assets 106.2 29.2% 109.3 32.4%
Assets 364.1 100.0% 337.8 100.0%
     
Trade accounts payable 26.3 7.2% 19.5 5.8%
Current financial liabilities - 0.0% 0.6 0.2%
Other current liabilities 47.3 13.0% 37.4 11.1%
Current provisions 4.4 1.2% 5.3 1.6%
Accruals 54.4 14.9% 56.3 16.7%
Current liabilities 132.4 36.4% 119.1 35.3%
     
Non-current provisions 27.1 7.4% 24.8 7.3%
Non-current liabilities 27.1 7.4% 24.8 7.3%
Liabilities 159.5 43.8% 143.9 42.6%
     
Share capital 2.5 0.7% 2.5 0.7%
Capital reserves 32.1 8.8% 31.6 9.4%
Goodwill offset -42.8 -11.8% -44.4 -13.1%
Retained earnings and translation differences 214.3 58.9% 205.8 60.9%
Treasury shares -2.2 -0.6% -1.7 -0.5%
Equity before non-controlling interests 203.9 56.0% 193.8 57.4%
Non-controlling interests 0.7 0.2% 0.1 0.0%
Equity 204.6 56.2% 193.9 57.4%
Equity and liabilities 364.1 100.0% 337.8 100.0%

* Restated (see note 5.1.5).

 

in EUR million 31.12.2022 (%) 31.12.2021* (%)

Cash Flow Statement

in EUR million 2022 2021*
Result for the period 38.6 43.7
Depreciation, amortization and impairment 9.6 6.6
Additions to or reversal (net) of provisions 5.0 2.4
Gain/loss on sale of assets -0.5 -
Other non–cash items 2.2 -1.9
Change in accounts receivable -19.0 -10.9
Change in other receivables -5.3 -4.2
Change in inventories and work in progress -27.0 8.3
Change in prepaid expenses -4.2 -0.6
Change in accounts payable 6.8 7.1
Change in other current liabilities 10.0 21.2
Change in provisions -3.6 -3.2
Change in accruals -2.2 11.1
Net cash flow from operating activities 10.4 79.6
     
Purchase of property, plant and equipment -14.2 -7.0
Sale of property, plant and equipment 1.2 0.2
Purchase of intangible assets -4.6 -2.8
Change in current fixed term deposits 42.7 4.0
Purchase of non-current fixed term deposits -11.0 -25.0
Purchase of financial assets - -16.0
Change in other investments -7.9 -2.6
Sale of subsidiary -0.1 -
Net cash flow from investing activities 6.1 -49.2
     
Acquisition of treasury shares -1.9 -
Disposal of treasury shares 1.5 -
Change in current financial liabilities 0.2 0.5
Divident paid -32.6 -28.0
Net cash flow from financing activities -32.8 -27.5
     
Effect of currency translation differences on
cash and cash equivalents
1.6 2.8
Net change in cash and cash equivalents -14.7 5.7
     
Cash and cash equivalents at 1 January 85.9 80.2
Cash and cash equivalents at 31 December 71.2 85.9
Net change in cash and cash equivalents -14.7 5.7
* Restated (see note 5.1.5).
in EUR million 2022 2021*

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