Key Figures

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Key Figures

1.1.-30.6. (in EUR million) 2021 2020 +/ –%
Bookings 302.5 146.1% 200.1 96.3% 51.2%
Order backlog (30.6.) 313.4 151.3% 210.9 101.5% 48.6%
Net revenues 207.1 100.0% 207.8 100.0% -0.3%
Gross profit 75.2 36.3% 71.8 34.6% 4.7%
OPEX 48.3 23.3% 47.8 23.0% 1.0%
EBITDA 30.2 14.6% 27.2 13.1% 11.0%
Operating result (EBIT) 26.9 13.0% 24.0 11.5% 12.1%
Result for the period (net profit) 19.6 9.5% 17.1 8.2% 14.6%
Net cash flow from operating activities 24.7 26.3 -6.1%
Free cash flow 25.8 10.0 158.0%
ROCE 36.8% 47.2% -22.0%
1.1.-30.6. (in EUR million) 2021 2020 +/ –%
    30.6.2021   30.6.2020 +/-%
Net working capital 56.9 67.4 -15.6%
Net cash 121.0 109.1 10.9%
Equity/Equity ratio 166.6 56.7% 153.3 57.8% 8.7%
Employees (FTE) 1 870 1 906 -1.9%

Income Statement

in EUR million 1.1.-30.6.2021 (%) 1.1.-30.6.2020 (%)
Net revenues 207.1 100.0% 207.8 100.0%
Cost of goods sold and services provided -131.9 -63.7% -136.0 -65.4%
Gross profit 75.2 36.3% 71.8 34.6%
         
Sales and marketing expenses -24.5 -11.8% -25.0 -12.0%
Administrative expenses -18.1 -8.7% -16.5 -7.9%
R&D expenses -6.0 -2.9% -5.4 -2.6%
Other operating income 0.5 0.2% 0.3 0.1%
Other operating expenses -0.2 -0.1% -1.2 -0.6%
Operating result (EBIT) 26.9 13.0% 24.0 11.5%
         
Financial result, net -1.0 -0.5% -1.4 -0.7%
         
Result for the period before tax (EBT) 25.9 12.5% 22.6 10.9%
         
Income tax expense -6.3 -3.0% -5.5 -2.6%
Income tax rate (based on EBT)   24.3%   24.3%
         
Result for the period 19.6 9.5% 17.1 8.2%
Attributable to:
in EUR million 1.1.-30.6.2021 (%) 1.1.-30.6.2020 (%)
Shareholders of Kardex Holding AG 19.7 9.5% 17.0 8.2%
Minority interests -0.1 0.0% 0.1 0.0%
Result for the period 19.6 9.5% 17.1 8.2%
         
Earnings per share attributable to shareholders (EUR)¹ 2.56 2.21

1 No dilutive effect occurred in 2021 and 2020.

Balance Sheet

in EUR million 30.6.2021 (%) 31.12.2020 (%)
Cash and cash equivalents 75.3 25.6% 122.4 44.1%
Trade accounts receivable 49.0 16.7% 49.0 17.7%
Other receivables 42.8 14.6% 22.9 8.3%
Inventories and work in progress 13.6 4.6% 14.8 5.3%
Prepaid expenses 4.7 1.6% 3.4 1.2%
Current assets 185.4 63.1% 212.5 76.6%
 
Property, plant and equipment 51.1 17.4% 50.7 18.3%
Intangible assets 6.9 2.3% 6.0 2.2%
Financial assets 50.4 17.2% 8.1 2.9%
Non-current assets 108.4 36.9% 64.8 23.4%
Assets 293.8 100.0% 277.3 100.0%
     
Trade accounts payable 14.7 5.0% 12.1 4.4%
Current financial liabilities 0.3 0.1% 0.1 0.0%
Other current liabilities 21.3 7.2% 15.6 5.6%
Current provisions 9.1 3.1% 9.4 3.4%
Accruals 59.5 20.3% 44.3 16.0%
Current liabilities 104.9 35.7% 81.5 29.4%
     
Non-current provisions 22.3 7.6% 21.5 7.8%
Non-current liabilities 22.3 7.6% 21.5 7.8%
Liabilities 127.2 43.3% 103.0 37.1%
     
Share capital 2.5 0.9% 2.5 0.9%
Capital reserves 31.4 10.7% 31.4 11.3%
Retained earnings and translation differences 134.4 45.7% 141.9 51.2%
Treasury shares -1.9 -0.6% -1.9 -0.7%
Equity before minorities 166.4 56.6% 173.9 62.7%
Minority interests 0.2 0.1% 0.4 0.1%
Equity 166.6 56.7% 174.3 62.9%
Equity and liabilities 293.8 100.0% 277.3 100.0%
in EUR million 30.6.2021 (%) 31.12.2020 (%)

Cash Flow Statement

in EUR million 1.1.-30.6.2021 1.1.-30.6.2020
Result for the period 19.6 17.1
Depreciation and amortization 3.3 3.2
Additions or reversal (net) of provisions 3.0 5.5
Other non–cash items -1.9 2.2
Change in accounts receivable 0.4 16.1
Change in other receivables -19.7 -3.9
Change in inventories and work in progress 1.3 -2.4
Change in prepaid expenses -1.1 -0.1
Change in accounts payable 2.5 -3.8
Change in other current liabilities 5.1 -0.9
Change in provisions -2.6 -1.4
Change in accruals 14.8 -5.3
Net cash flow from operating activities 24.7 26.3
     
Purchase of property, plant and equipment -2.3 -12.5
Purchase of intangible assets -1.4 -1.8
Purchase of financial assets -40.1 -
Change in other investments -1.1 -0.1
Acquisition of organizations - -1.9
Net cash flow from investing activities -44.9 -16.3
     
Acquisition of treasury shares - -1.0
Change in current financial liabilities 0.3 -
Divident paid -28.0 -32.8
Net cash flow from financing activities -27.7 -33.8
     
Effect of currency translation differences on cash and cash equivalents 0.8 -0.6
Net change in cash and cash equivalents -47.1 -24.4
     
Cash and cash equivalents at 1 January 122.4 133.6
Cash and cash equivalents at 30 June 75.3 109.2
Net change in cash and cash equivalents -47.1 -24.4
in EUR million 1.1.-30.6.2021 1.1.-30.6.2020

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