Kardex Holding beats expectations with strong first-half results

Published 31/07/2025, 08:18
© Reuters.

Investing.com -- Kardex Holding AG on Thursday reported strong first-half 2025 results that exceeded market expectations, with significant growth in order intake and sales.

The Swiss intralogistics company saw order intake rise 18.7% year-over-year to €454.3 million, well above analyst consensus of €417.6 million. Sales increased 12.4% to €415.7 million, also beating expectations of €395.8 million.

Operating profit (EBIT) grew 1.5% to €48.9 million, while net profit decreased 5.7% to €36.1 million, both figures surpassing analyst forecasts.

The company’s Automated Products division, which includes Kardex Remstar, reported an 11.1% increase in order intake to €294.1 million. Revenue in this segment rose 6.5% to €283 million, with EBIT up 2% to €45.3 million.

Kardex’s Standardized Systems division, comprising Kardex Mlog and AutoStore Solutions, saw order intake surge 35.6% to €160.4 million.

Within this segment, Mlog orders jumped 85.2% to €76.5 million, while AutoStore grew 9% to €84.1 million. Revenue for the division increased 27.9% to €133 million, though EBIT declined 10% to €5.4 million.

Free cash flow decreased to €8.4 million from €56 million in the first half of 2024, primarily due to working capital changes and higher investments.

The company’s equity ratio stood at 53.3%, down from 57.7% at the end of 2024, with net cash of €125.8 million compared to €137.4 million a year earlier.

Despite ongoing geopolitical tensions and trade uncertainties, Kardex anticipates a stronger second half of 2025, pointing to a filled sales funnel and improved decision-making for larger projects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.