Kardex Holding AG (XSWX:KARN)

Half Year 2025 Kardex Holding AG Earnings Call Transcript

Jul 31, 2025 / 12:00 PM GMT

Release Date Price: CHF314 (+3.12%)

Transcript

Key Points

Positve

Kardex Holding AG (XSWX:KARN) reported a strong increase in bookings by 18.7% to €454.3 million for the first half of 2025.
Net revenues increased by 12.4% to €415.7 million, indicating robust growth across all business units.
The company is on track to achieve its mid-term net revenue target of €1.5 billion by 2029-2031, with an expected average growth rate of 10-14%.
Despite significant investments in sales, marketing, R&D, and IT infrastructure, Kardex managed to increase its EBIT to €48.9 million.
Kardex has successfully gained market share in a challenging market environment, driven by strategic investments and organizational changes.

Negative

Free cash flow dropped significantly from €56 million to €8.4 million, attributed to increased working capital and dividend payments.
The gross profit margin decreased slightly by 30 basis points to 34.1%, affected by the sales mix between business units.
The financial results were negatively impacted by translational FX effects, leading to a decrease in the overall financial outcome.
The equity ratio decreased slightly to 53.3% due to dividend payments and increased working capital.
The EBIT margin dropped to 11.8%, which is lower than previous years, due to increased operating expenses related to growth initiatives.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KARN.S - Kardex Holding AG
Half Year 2025 Kardex Holding AG Earnings Call
Jul 31, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, ladies and gentlemen, and I would like to welcome you to our presentation of Carex half year Results 2025.

My name is Alex Miller, responsible for best relations, and I'm joined by Jens Harenaker, our group CEO, and Thomas BRL, our group CFO, who will present the happier figures.

I would like to remind you that our presentation, our press release.

And also I have put all on our website.

Where you can download.

Mao afterwards.

And with that, I would like to hand over to you.

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Unidentified_2 [2]
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