Key Figures

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Key Figures

1.1.-30.6. (in EUR million) 2020 2019 +/ –%
Bookings 200.1 96.3% 239.9 104.5% -16.6%
Order backlog (30.6.) 210.9 101.5% 246.8 107.5% -14.5%
Net revenues 207.8 100.0% 229.6 100.0% -9.5%
Gross profit 71.8 34.6% 80.1 34.9% -10.4%
OPEX 47.8 23.0% 51.7 22.5% -7.5%
EBITDA 27.2 13.1% 31.4 13.7% -13.4%
Operating result (EBIT) 24.0 11.5% 28.4 12.4% -15.5%
Result for the period (net profit) 17.1 8.2% 20.2 8.8% -15.3%
Net cash flow from operating activities 26.3 23.9 10.0%
Free cash flow 10.0 17.7 -43.5%
ROCE 47.2% 54.0% -12.6%
1.1.-30.6. (in EUR million) 2020 2019 +/ –%
    30.6.2020   30.6.2019 +/-%
Net working capital 67.4 67.1 0.4%
Net cash 109.1 119.9 -9.0%
Equity/Equity ratio 153.3 57.8% 146.8 55.3% 4.4%
Employees (FTE) 1 906 1 880 1.4%

Income Statement

in EUR million 1.1.-30.6.2020 (%) 1.1.-30.6.2019 (%)
Net revenues 207.8 100.0% 229.6 100.0%
Cost of goods sold and services provided -136.0 -65.4% -149.5 -65.1%
Gross profit 71.8 34.6% 80.1 34.9%
         
Sales and marketing expenses -25.0 -12.0% -29.1 -12.7%
Administrative expenses -16.5 -7.9% -17.7 -7.7%
R&D expenses -5.4 -2.6% -5.3 -2.3%
Other operating income 0.3 0.1% 1.2 0.5%
Other operating expenses -1.2 -0.6% -0.8 -0.3%
Operating result (EBIT) 24.0 11.5% 28.4 12.4%
         
Financial result, net -1.4 -0.7% -1.0 -0.4%
         
Result for the period before tax 22.6 10.9% 27.4 11.9%
         
Income tax expense -5.5 -2.6% -7.2 -3.1%
         
Result for the period 17.1 8.2% 20.2 8.8%
Attributable to:
in EUR million 1.1.-30.6.2020 (%) 1.1.-30.6.2019 (%)
Shareholders of Kardex Holding AG 17.0 8.2% 19.8 8.6%
Minority interests 0.1 0.0% 0.4 0.2%
Result for the period 17.1 8.2% 20.2 8.8%
         
Earnings per share attributable to shareholders (EUR)¹ 2.21 2.57

1 No dilutive effect occurred in 2020 and 2019.

Balance Sheet

in EUR million 30.6.2020 31.12.2019
Property, plant and equipment 50.7 41.2
Intangible assets 5.5 4.1
Financial assets 7.5 6.6
Non-current assets 63.7 51.9
     
Inventories and work in progress 19.1 19.2
Trade accounts receivable 48.9 65.4
Other receivables 19.7 15.4
Prepaid expenses 4.4 4.3
Cash and cash equivalents 109.2 133.6
Current assets 201.3 237.9
Assets 265.0 289.8
     
Share capital 2.5 2.5
Capital reserves 31.3 31.3
Retained earnings and translation differences 120.8 138.7
Treasury shares -2.0 -1.0
Equity before minorities 152.6 171.5
Minority interests 0.7 0.5
Equity 153.3 172.0
     
Non-current provisions 21.4 20.6
Non-current liabilities 21.4 20.6
     
Trade accounts payable 13.5 17.3
Current provisions 9.2 6.0
Accruals 49.1 54.7
Other current liabilities 18.4 19.2
Current financial liabilities 0.1 -
Current liabilities 90.3 97.2
Liabilities 111.7 117.8
Equity and liabilities 265.0 289.8
in EUR million 30.6.2020 31.12.2019

Cash Flow Statement

in EUR million 1.1.-30.6.2020 1.1.-30.6.2019
Result for the period 17.1 20.2
Depreciation and amortization 3.2 3.0
Change in provisions and pension liabilities 4.3 0.7
Other non–cash items 2.0 0.1
Change in inventories and work in progress -2.4 -3.5
Change in accounts receivable 16.1 8.1
Change in other receivables -3.9 -8.7
Change in prepaid expenses -0.1 0.2
Change in accruals -5.3 0.9
Change in other current liabilities -0.9 0.5
Net cash flow from operating activities 26.3 23.9
     
Purchase of property, plant and equipment -12.5 -5.4
Purchase of intangible assets -1.8 -0.8
Change in loans -0.1 -
Acquisition of organizations -1.9 -
Net cash flow from investing activities -16.3 -6.2
     
Free cash flow 10.0 17.7
     
Acquisition of treasury shares -1.0 -
Divident paid -32.8 -27.6
Net cash flow from financing activities -33.8 -27.6
     
Effect of currency translation differences on cash and cash equivalents -0.6 0.6
Net change in cash and cash equivalents -24.4 -9.3
     
Cash and cash equivalents at 1 January 133.6 129.2
Cash and cash equivalents at 30 June 109.2 119.9
Net change in cash and cash equivalents -24.4 -9.3
in EUR million 1.1.-30.6.2020 1.1.-30.6.2019

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