Results and Presentations
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 |
|---|
