The ideal partner for individual storage and materials handling solutions

Strong EBIT gain and significantly improved balance sheet structure

The Kardex Group increased net revenues in the 2007 fiscal year by 11.4% to EUR 422.5 million (2006: EUR 379.1 million). The continued operations, KRM (Dynamic Storage and Retrieval Systems) and Stow (Static Storage Systems), both achieved record net revenues and bookings. The order backlog grew 21.8% to EUR 107.8 million (EUR 88.5 million). The Kardex Group's operating result showed a substantial improvement on the previous year's figure. Operating income for the continued operations amounted to EUR 35.2 million (EUR 18.6 mil-lion). Thanks to these operational improvements and the positive tax effects of the sale of the AFT Division, the net result for the entire Group increased to EUR 21.8 million (EUR -33.2 million). Net debt decreased by 41.5% to EUR 38.5 million (EUR 65.8 million) and equity rose by EUR 18.4 million to EUR 74.2 million (EUR 55.8 million), representing an equity ratio of 29.4% (19.2%).

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