Key Figures

Tab Navigation

Key Figures

01.01. - 31.12. (in EUR million) 2023 (%) 2022 (%) (+/ –%)
Bookings 673.9 95.9% 698.6 123.5% -3.5%
Order backlog (31.12.) 475.9 67.7% 510.5 90.3% -6.8%
Net revenues 702.9 100.0% 565.6 100.0% 24.3%
Gross profit 235.9 33.6% 177.7 31.4% 32.8%
OPEX 150.0 21.3% 121.9 21.6% 23.1%
EBITDA 99.3 14.1% 65.4 11.6% 51.8%
Operating result (EBIT) 85.9 12.2% 55.8 9.9% 53.9%
Result for the period (net profit) 66.9 9.5% 38.6 6.8% 73.3%
Free cash flow 46.2 -15.2 403.9%
ROIC 37.5% 27.5%
01.01. - 31.12. (in EUR million) 2023 (%) 2022 (%) (+/ –%)
  31.12.2023 (%) 31.12.2022 (%) (+/-%)
Net working capital 102.2 76.2 34.1%
Net Cash 1 119.6 102.7 16.5%
Equity/Equity ratio 240.1 56.9% 204.6 56.2% 17.4%
Employees (FTE) 2'397 2'097 14.3%
 
  2023 (%) 2022 (%) (+/-%)
Distribution per share (CHF) 2 5.00 3.50 42.9%

1 Definition according Alternative Performance Measures (APM) see note 1 of the consolidated financial statements.

2 2023: Distribution of a dividend as proposed to the Annual General Meeting to be held on 25 April 2024.

Income Statement

in EUR million 2023 (%) 2022 (%)
Net revenues 1 702.9 100.0% 565.6 100.0%
Cost of goods sold and services provided 467.0 -66.4% -387.9 -68.6%
Gross profit 235.9 33.6% 177.7 31.4%
         
Sales and marketing expenses -76.3 -10.9% -65.3 -11.5%
Administrative expenses -50.9 -7.2% -41.9 -7.4%
R&D expenses -17.5 -2.5% -12.7 -2.2%
Other operating income 0.5 0.1% 0.7 0.1%
Other operating expenses -5.8 -0.8% -2.7 -0.5%
Operating result (EBIT) 85.9 12.2% 55.8 9.9%
 
Financial result, net 1.2 0.2% -2.3 -0.4%
         
Result for the period before tax (EBT) 87.1 12.4% 53.5 9.5%
         
Income tax expense -20.2 -2.9% -14.9 -2.6%
Income tax rate (based on EBT)   23.2%   27.9%
         
Result for the period 66.9 9.5% 38.6 6.8%
Attributable to:
in EUR million 2023 (%) 2022 (%)
Shareholders of Kardex Holding AG 66.6 9.5% 37.8 6.7%
Non-controlling interests 0.3 0.0% -0.8 0.1%
Result for the period 66.9 9.5% 38.6 6.8%
         
Earnings per share attributable to shareholders of Kardex Holding AG (EUR) 2 8.63 4.90

1 Thereof from construction contracts (percentage of completion (POC)): EUR 139.9 million (EUR 100.1 million).

2 No dilutive effect occurred in 2023 and 2022.

 

Balance Sheet

in EUR million 31.12.2023 (%) 31.12.2022 (%)
Cash and cash equivalents 107.3 25.4% 71.2 19.6%
Trade accounts receivable 93.0 22.0% 80.7 22.2%
Other receivables 47.8 11.3% 32.4 8.9%
Current fixed term deposits 12.3 2.9% 31.5 8.7%
Inventories and work in progress 23.4 5.5% 33.5 9.2%
Prepaid expenses 10.9 2.6% 8.6 2.4%
Current assets 294.7 68.9% 257.9 70.8%
 
Property, plant and equipment 68.9 16.3% 61.2 16.8%
Intangible assets 8.4 2.0% 11.2 3.1%
Financial assets 50.2 11.9% 33.8 9.3%
Non-current assets 127.5 30.2% 106.2 29.2%
Assets 422.2 100.0% 364.1 100.0%
     
Trade accounts payable 25.7 6.1% 26.3 7.2%
Other current liabilities 44.2 10.5% 47.3 13.0%
Current provisions 8.4 2.0% 4.4 1.2%
Accruals 72.6 17.2% 54.4 14.9%
Current liabilities 150.9 35.7% 132.4 36.4%
     
Non-current provisions 31.2 7.4% 27.1 7.4%
Non-current liabilities 31.2 7.4% 27.1 7.4%
Liabilities 182.1 43.1% 159.5 43.8%
     
Share capital 2.5 0.6% 2.5 0.7%
Capital reserves 1 32.3 7.7% 32.1 8.8%
Goodwill offset -45.0 -10.7% -42.8 -11.8%
Retained earnings and translation differences 1 251.1 59.5% 214.3 58.9%
Treasury shares -1.8 -0.4% -2.2 -0.6%
Equity before non-controlling interests 239.1 56.6% 203.9 56.0%
Non-controlling interests 1.0 0.2% 0.7 0.2%
Equity 240.1 56.9% 204.6 56.2%
Equity and liabilities 422.2 100.0% 364.1 100.0%

1 The equity comprises EUR 17.5 million (EUR 17.3 million) in non-distributable reserves.

 

in EUR million 31.12.2023 (%) 31.12.2022 (%)

Cash Flow Statement

in EUR million 2023 2022
Result for the period 66.9 38.6
Depreciation, amortization and impairment 13.4 9.6
Additions to or reversal of provisions 12.9 5.0
Gain/loss on sale of assets - -0.5
Other non–cash items -2.1 2.2
Change in accounts receivable -12.8 -19.0
Change in other receivables -15.7 -5.3
Change in inventories and work in progress -9.5 -27.0
Change in prepaid expenses -2.5 -4.2
Change in accounts payable -0.5 6.8
Change in other current liabilities -2.9 10.0
Change in provisions -4.6 -3.6
Change in accruals 18.8 -2.2
Net cash flow from operating activities 80.4 10.4
     
Purchase of property, plant and equipment -16.6 -14.2
Sale of property, plant and equipment 0.4 1.2
Purchase of intangible assets -3.1 -4.6
Sale of intangible assets 0.2 -
Change in current fixed term deposits 19.2 42.7
Purchase of non-current fixed term deposits - -11.0
Purchase of financial assets -0.1 -
Change in other investments -13.1 -7.9
Acquisition of subsidiary -1.9 -
Sale of subsidiary - -0.1
Net cash flow from investing activities -15.0 6.1
     
Acquisition of treasury shares - -1.9
Disposal of treasury shares - 1.5
Change in current financial liabilities - 0.2
Divident paid -27.5 -32.6
Net cash flow from financing activities -27.5 -32.8
     
Effect of currency translation differences on
cash and cash equivalents
-1.8 1.6
Net change in cash and cash equivalents 36.1 -14.7
     
Cash and cash equivalents at 1 January 71.2 85.9
Cash and cash equivalents at 31 December 107.3 71.2
Net change in cash and cash equivalents 36.1 -14.7
* Restated see notes.
in EUR million 2023 2022

Financial Reports and Presentations

Contact Investor Relations

Get in touch