on Kardex AG (isin : CH0100837282)
Kardex Holding AG Reports Significant Growth in 2024 Financial Results
Kardex Holding AG has announced its 2024 financial results, showcasing strong performance. Bookings increased by 17.4% to EUR 791.2 million, driven by demand in standardized systems. Net revenues grew by 12.6%, reaching a record high of EUR 791.2 million. The operating income (EBIT) rose by 14.6% to EUR 98.4 million, and free cash flow almost doubled to EUR 90.7 million.
The intralogistics solutions provided by Kardex maintained robust demand despite economic slowdowns. The company noted a shift from automated products to standardized systems in bookings. The growth was particularly pronounced in the Asia-Pacific region, while Europe and the US saw a slight demand decrease for new business.
Kardex plans substantial investments in its sales, marketing, R&D, and IT to leverage reshoring and automation trends, aiming to exceed EUR 1.5 billion in net revenue by 2029-2031.
R. P.
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