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Results and Presentations
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 |
|---|
