Key Figures

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Key Figures

01.01.-30.06. (in EUR million) 2022 (%) 2021 (%) (+/ –%)
Bookings 320.5 124.5% 302.5 146.1% 6.0%
Order backlog (30.06.) 437.4 169.9% 313.4 151.3% 39.6%
Net revenues 257.5 100.0% 207.1 100.0% 24.3%
Gross profit 81.5 31.7% 75.2 36.3% 8.4%
OPEX 57.7 22.4% 48.3 23.3% 19.5%
EBITDA 28.0 10.9% 30.2 14.6% -7.3%
Operating result (EBIT) 23.8 9.2% 26.9 13.0% -11.5%
Result for the period (net profit) 15.8 6.1% 19.6 9.5% -19.4%
Free cash flow -9.2 25.8 -135.7%
ROIC 32.5% 35.7%
01.01.-30.06. (in EUR million) 2022 (%) 2021 (%) (+/ –%)
  30.06.2022 (%) 30.06.2021 (%) (+/-%)
Net working capital 62.4 56.9 9.7%
Net cash 108.4 121.0 -10.4%
Equity/Equity ratio 180.5 54.2% 166.6 56.7% 8.3%
Employees (FTE) 2'062 1'870 10.3%

Income Statement

in EUR million 01.01. - 30.06.2022 (%) 01.01. - 30.06.2021 (%)
Net revenues 257.5 100.0% 207.1 100.0%
Cost of goods sold and services provided -176.0 -68.3% -131.9 -63.7%
Gross profit 81.5 31.7% 75.2 36.3%
         
Sales and marketing expenses -31.3 -12.2% -24.5 -11.8%
Administrative expenses -19.9 -7.7% -18.1 -8.7%
R&D expenses -6.4 -2.5% -6.0 -2.9%
Other operating income 0.6 0.2% 0.5 0.2%
Other operating expenses -0.7 -0.3% -0.2 -0.1%
Operating result (EBIT) 23.8 9.2% 26.9 13.0%
         
Financial result, net -2.3 -0.9% -1.0 -0.5%
         
Result for the period before tax (EBT) 21.5 8.3% 25.9 12.5%
         
Income tax expense -5.7 -2.2% -6.3 -3.0%
Income tax rate (based on EBT)   26.5%   24.3%
         
Result for the period 15.8 6.1% 19.6 9.5%
Attributable to:
in EUR million 01.01. - 30.06.2022 (%) 01.01. - 30.06.2021 (%)
Shareholders of Kardex Holding AG 16.0 6.2% 19.7 9.5%
Non-controlling interests -0.2 -0.1% -0.1 0.0%
Result for the period 15.8 6.1% 19.6 9.5%
         
Earnings per share attributable to shareholders of Kardex Holding AG (EUR) 1 2.07 2.56

1 No dilutive effect occurred in 2022 and 2021.

Balance Sheet

in EUR million 30.06.2022 (%) 31.12.2021 (%)
Cash and cash equivalents 73.1 21.9% 88.1 26.1%
Trade accounts receivable 66.4 19.9% 61.3 18.1%
Other receivables 35.8 10.7% 27.3 8.1%
Current fixed term deposits 25.0 7.5% 41.0 12.1%
Inventories and work in progress 20.4 6.1% 6.5 1.9%
Prepaid expenses 8.2 2.5% 4.3 1.3%
Current assets 228.9 68.7% 228.5 67.6%
 
Property, plant and equipment 58.2 17.5% 53.7 15.9%
Intangible assets 9.2 2.8% 7.9 2.3%
Non-current fixed term deposits 11.0 3.3% 20.0 5.9%
Financial assets 26.0 7.8% 27.7 8.2%
Non-current assets 104.4 31.3% 109.3 32.4%
Assets 333.3 100.0% 337.8 100.0%
     
Trade accounts payable 18.7 5.6% 19.5 5.8%
Current financial liabilities 0.7 0.2% 0.6 0.2%
Other current liabilities 43.2 13.0% 37.4 11.1%
Current provisions 4.5 1.4% 5.3 1.6%
Accruals 59.1 17.7% 56.3 16.7%
Current liabilities 126.2 37.9% 119.1 35.3%
     
Non-current provisions 26.6 8.0% 24.8 7.3%
Non-current liabilities 26.6 8.0% 24.8 7.3%
Liabilities 152.8 45.8% 143.9 42.6%
     
Share capital 2.5 0.8% 2.5 0.7%
Capital reserves 32.0 9.6% 31.6 9.4%
Retained earnings and translation differences 148.5 44.6% 161.4 47.8%
Treasury shares -2.5 -0.8% -1.7 -0.5%
Equity before non-controlling interests 180.5 54.2% 193.8 57.4%
Non-controlling interests - 0.0% 0.1 0.0%
Equity 180.5 54.2% 193.9 57.4%
Equity and liabilities 333.3 100.0% 337.8 100.0%
in EUR million 30.06.2022 (%) 31.12.2021 (%)

Cash Flow Statement

in EUR million 01.01. - 30.06.2022 01.01. - 30.06.2021
Result for the period 15.8 19.6
Depreciation and amortization 4.2 3.3
Additions to or reversal (net) of provisions 2.7 3.0
Gain/loss on sale of assets -0.5 -
Other non–cash items 1.5 -1.9
Change in trade accounts receivable -4.4 0.4
Change in other receivables -8.8 1.3
Change in current fixed term deposits 16.0 -21.0
Change in inventories and work in progress -13.4 1.3
Change in prepaid expenses -3.6 -1.1
Change in trade accounts payable -1.0 2.5
Change in other current liabilities 6.5 5.1
Change in provisions -1.7 -2.6
Change in accruals 2.3 14.8
Net cash flow from operating activities 15.6 24.7
     
Purchase of property, plant and equipment -7.3 -2.3
Sale of property, plant and equipment 1.1 -
Purchase of intangible assets -2.2 -1.4
Purchase of non-current fixed term deposits -11.0 -25.0
Sale of non-current fixed term deposits 20.0 -
Purchase of financial assets - -15.1
Change in investments -0.4 -1.1
Net cash flow from investing activities 0.2 -44.9
     
Acquisition of treasury shares -1.9 -
Disposal of treasury shares 1.5 -
Change in current financial liabilities 0.1 0.3
Divident paid -32.4 -28.0
Net cash flow from financing activities -32.7 -27.7
     
Effect of currency translation differences on cash and cash equivalents 1.9 0.8
Net change in cash and cash equivalents -15.0 -47.1
     
Cash and cash equivalents at 1 January 88.1 122.4
Cash and cash equivalents at 30 June 73.1 75.3
Net change in cash and cash equivalents -15.0 -47.1
in EUR million 01.01. - 30.06.2022 01.01. - 30.06.2021

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