Media and Analysts Conference
22
March 4, 2021 Media and Analysts Conference
Transcript of Media and Analysts Conference
PowerPoint PresentationIntroduction T. Reist, CFO
Division Reports Kardex Remstar and Kardex Mlog J. Fankhänel, CEO
New Initiatives on Group Level J. Fankhänel, CEO
Outlook J. Fankhänel, CEO
Thomas Reist, CFO
Order Intake and Net Revenues heavily impacted by Covid-19
Relative Profitability kept on 2019 level
Robust Business Model due to stabilizing contribution from LCS business
High organizational flexibility
Stringent cost management and Covid-19 related cost reduction effects with positive impact on EBIT
Continued strategic investments in Supply Chain, Technology and Digitalization
Strong equity and balance sheet
Highlights and Key Achievements 2020
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Key Figures 2016–2020 (in EUR million)
358.5 376.1 423.4 471.2 412.9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
Net revenues
CAGR 3.6%
11.5% 12.2%
12.6% 13.5%
Operating result (EBIT) and EBIT margin
CAGR 7.7%
Net cash flow from operating activities
30.8 31.8 38.3 44.9 40.7
3.3 3.6 4.0
Net profit and Payouts
Net profit in EUR millions Payouts in CHF per share
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Thomas Reist, CFO
Lower Bookings and Net Revenues
Order Backlog with slight increase
Increased share of LCS business and positive cost effects support relative profitability
Income Statement (1/2)
in EUR million 2020 in % 2019 in % +/- in %
Bookings 416.8 100.9% 452.4 96.0% -7.9% Order Backlog (31.12.) 220.2 53.3% 217.8 46.2% 1.1% Net revenues 412.9 100.0% 471.2 100.0% -12.4% Gross profit 153.0 37.1% 171.3 36.4% -10.7% OPEX 97.5 23.6% 107.8 22.9% -9.6% EBITDA 62.6 15.2% 70.2 14.9% -10.8% EBIT 55.5 13.4% 63.5 13.5% -12.6%
SNVeryHiddenParameterSheet
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, cy) User Value: 412.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, py) User Value: 471.200000 Th.
-12.4%
-58.3
-259.9
-62.9%
-299.9
-63.6%
#r5
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, cy) User Value: -259.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, py) User Value: -299.900000 Th.
13.3%
40.0
16.0%
9.3
6.6%
2.5
2.7%
0.3
-53.8%
-0.7
-68.8%
-1.1
42.4%
1.4
#l16
53.6
13.0%
60.2
12.8%
#s17
-11.0%
-6.6
#l18
15.7%
2.4
24.1%
25.4%
#l48
#l20
40.7
9.9%
44.4
9.4%
#s24
-8.3%
-3.7
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Result for the period >> (.<< Minorities interests >>, cy) User Value: 0.000000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Result for the period >> (.<< Minorities interests >>, py) User Value: 0.500000 Th.
-100.0%
-0.5
40.7
9.9%
44.9
9.5%
#s26
#l27
Earnings per share attributable to shareholders of Kardex Holding AG (EUR)2
3.2
5.28
5.75
#l28
0.005279
0.005745
#r27
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.3.2 - Earnings per share Row: .<< Basic earnings per share (EUR) >> (.<< value_1 >>, cy) User Value: 0.005279 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.3.2 - Earnings per share Row: .<< Basic earnings per share (EUR) >> (.<< value_1 >>, py) User Value: 0.005745 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, cy) User Value: 412.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, py) User Value: 471.200000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, cy) User Value: -259.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, py) User Value: -299.900000 Th.
Net revenues from construction contracts (POC)
45.1
10.9%
52.9
11.2%
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Bookings for calculation >> (.<< value_1 >>, cy) User Value: 416.767000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Bookings for calculation >> (.<< value_1 >>, py) User Value: 452.370000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Sales and marketing expenses >> (.<< Kardex >>, cy) User Value: -49.000000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Marketing und Verkauf >> (.<< Kardex Group >>, py) User Value: -58.300000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Verwaltungsaufwand >> (.<< Kardex Group >>, cy) User Value: -35.400000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Administrative expenses >> (.<< Kardex >>, py) User Value: -37.900000 Th.
Bookings for calculation (rounded)
220.19
217.84
#r32
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Order backlog (31.12.) for calculation >> (.<< value_1 >>, cy) User Value: 220.192000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Order backlog (31.12.) for calculation >> (.<< value_1 >>, py) User Value: 217.841000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< R&D expenses >> (.<< Kardex >>, cy) User Value: -11.000000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Entwicklungskosten >> (.<< Kardex Group >>, py) User Value: -11.300000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Sonstige betriebliche Erträge >> (.<< Kardex Group >>, cy) User Value: 0.600000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Other operating income >> (.<< Kardex >>, py) User Value: 1.300000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Other operating expenses >> (.<< Kardex >>, cy) User Value: -2.700000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Sonstige betriebliche Aufwendungen >> (.<< Kardex Group >>, py) User Value: -1.600000 Th.
Order backlog (31.12.) for calcualtion (rounded)
220.20
53.3%
217.80
46.2%
#l33
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement 35.4 Tsd. - .<< Verwaltungsaufwand >> (.<< Kardex Group >>, cy) 11.0 Tsd. - .<< R&D expenses >> (.<< Kardex >>, cy) -0.6 Tsd. - .<< Sonstige betriebliche Erträge >> (.<< Kardex Group >>, cy) 2.7 Tsd. - .<< Other operating expenses >> (.<< Kardex >>, cy) 49.0 Tsd. - .<< Sales and marketing expenses >> (.<< Kardex >>, cy) --------------------- 97.5 Tsd. (Total) ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement 58.3 Tsd. - .<< Marketing und Verkauf >> (.<< Kardex Group >>, py) 37.9 Tsd. - .<< Administrative expenses >> (.<< Kardex >>, py) 11.3 Tsd. - .<< Entwicklungskosten >> (.<< Kardex Group >>, py) -1.3 Tsd. - .<< Other operating income >> (.<< Kardex >>, py) 1.6 Tsd. - .<< Sonstige betriebliche Aufwendungen >> (.<< Kardex Group >>, py) --------------------- 107.8 Tsd. (Total)
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Financial result, net >> (.<< Kardex >>, cy) User Value: -1.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Finanzergebnis, netto >> (.<< Kardex Group >>, py) User Value: -3.300000 Th.
OPEX for calculation (rounded)
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Ertragssteuern >> (.<< Kardex Group >>, cy) User Value: -12.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Income tax expense >> (.<< Kardex >>, py) User Value: -15.300000 Th.
-10.8%
-7.6
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Financial result normalized in 2020 (2019 affected by interest expenses for pensions schemes and accrued interest)
Tax rate below guidance due to used tax losses carry-forward and one-time effects
Income Statement (2/2)
in EUR million 2020 in % 2019 in % +/- in %
EBIT 55.5 13.4% 63.5 13.5% -12.6% Financial result, net -1.9 -0.5% -3.3 -0.7% 42.4% EBT 53.6 13.0% 60.2 12.8% -11.0% Income tax -12.9 -3.1% -15.3 -3.2% 15.7%
Tax rate 24.1% 25.4% Result for the period 40.7 9.9% 44.9 9.5% -9.4%
SNVeryHiddenParameterSheet
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, cy) User Value: 412.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, py) User Value: 471.200000 Th.
-12.4%
-58.3
-259.9
-62.9%
-299.9
-63.6%
#r5
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, cy) User Value: -259.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, py) User Value: -299.900000 Th.
13.3%
40.0
16.0%
9.3
6.6%
2.5
2.7%
0.3
-53.8%
-0.7
-68.8%
-1.1
42.4%
1.4
#l16
53.6
13.0%
60.2
12.8%
#s17
-11.0%
-6.6
#l18
15.7%
2.4
24.1%
25.4%
#l48
#l20
40.7
9.9%
44.4
9.4%
#s24
-8.3%
-3.7
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Result for the period >> (.<< Minorities interests >>, cy) User Value: 0.000000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Result for the period >> (.<< Minorities interests >>, py) User Value: 0.500000 Th.
-100.0%
-0.5
40.7
9.9%
44.9
9.5%
#s26
#l27
Earnings per share attributable to shareholders of Kardex Holding AG (EUR)2
3.2
5.28
5.75
#l28
0.005279
0.005745
#r27
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.3.2 - Earnings per share Row: .<< Basic earnings per share (EUR) >> (.<< value_1 >>, cy) User Value: 0.005279 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.3.2 - Earnings per share Row: .<< Basic earnings per share (EUR) >> (.<< value_1 >>, py) User Value: 0.005745 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, cy) User Value: 412.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, py) User Value: 471.200000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, cy) User Value: -259.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, py) User Value: -299.900000 Th.
Net revenues from construction contracts (POC)
45.1
10.9%
52.9
11.2%
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Bookings for calculation >> (.<< value_1 >>, cy) User Value: 416.767000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Bookings for calculation >> (.<< value_1 >>, py) User Value: 452.370000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Sales and marketing expenses >> (.<< Kardex >>, cy) User Value: -49.000000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Marketing und Verkauf >> (.<< Kardex Group >>, py) User Value: -58.300000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Verwaltungsaufwand >> (.<< Kardex Group >>, cy) User Value: -35.400000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Administrative expenses >> (.<< Kardex >>, py) User Value: -37.900000 Th.
Bookings for calculation (rounded)
220.19
217.84
#r32
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Order backlog (31.12.) for calculation >> (.<< value_1 >>, cy) User Value: 220.192000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Order backlog (31.12.) for calculation >> (.<< value_1 >>, py) User Value: 217.841000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< R&D expenses >> (.<< Kardex >>, cy) User Value: -11.000000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Entwicklungskosten >> (.<< Kardex Group >>, py) User Value: -11.300000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Sonstige betriebliche Erträge >> (.<< Kardex Group >>, cy) User Value: 0.600000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Other operating income >> (.<< Kardex >>, py) User Value: 1.300000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Other operating expenses >> (.<< Kardex >>, cy) User Value: -2.700000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Sonstige betriebliche Aufwendungen >> (.<< Kardex Group >>, py) User Value: -1.600000 Th.
Order backlog (31.12.) for calcualtion (rounded)
220.20
53.3%
217.80
46.2%
#l33
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement 35.4 Tsd. - .<< Verwaltungsaufwand >> (.<< Kardex Group >>, cy) 11.0 Tsd. - .<< R&D expenses >> (.<< Kardex >>, cy) -0.6 Tsd. - .<< Sonstige betriebliche Erträge >> (.<< Kardex Group >>, cy) 2.7 Tsd. - .<< Other operating expenses >> (.<< Kardex >>, cy) 49.0 Tsd. - .<< Sales and marketing expenses >> (.<< Kardex >>, cy) --------------------- 97.5 Tsd. (Total) ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement 58.3 Tsd. - .<< Marketing und Verkauf >> (.<< Kardex Group >>, py) 37.9 Tsd. - .<< Administrative expenses >> (.<< Kardex >>, py) 11.3 Tsd. - .<< Entwicklungskosten >> (.<< Kardex Group >>, py) -1.3 Tsd. - .<< Other operating income >> (.<< Kardex >>, py) 1.6 Tsd. - .<< Sonstige betriebliche Aufwendungen >> (.<< Kardex Group >>, py) --------------------- 107.8 Tsd. (Total)
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Financial result, net >> (.<< Kardex >>, cy) User Value: -1.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Finanzergebnis, netto >> (.<< Kardex Group >>, py) User Value: -3.300000 Th.
OPEX for calculation (rounded)
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Ertragssteuern >> (.<< Kardex Group >>, cy) User Value: -12.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Income tax expense >> (.<< Kardex >>, py) User Value: -15.300000 Th.
-10.8%
-7.6
NWC reduced in line with volume reduction
Cash level remains strong despite intensified investment activities
No goodwill with according impairment risk
Balance Sheet
in EUR million 2020 2019 +/- +/- in %
Non-current assets 64.8 51.9 12.9 24.9% Current assets 212.5 237.9 -25.4 -10.7%
thereof cash and cash equivalents
122.4 133.6 -11.2 -8.4%
Assets 277.3 289.8 -12.5 -4.3% Equity 174.3 172.0 2.3 1.3%
Equity ratio 62.9% 59.4% Liabilities 103.0 117.8 -14.8 -12.6% Equity and liabilities 277.3 289.8 -12.5 -4.3%
SNVeryHiddenParameterSheet
2.4
14.8
5.3%
19.2
6.6%
22.7%
1.50
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Share capital >>, py) User Value: 2.5 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Share capital >>, cy) User Value: 2.5 Th.
0.0%
0.00
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Capital reserves >>, py) User Value: 31.3 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Capital reserves >>, cy) User Value: 31.4 Th.
0.3%
0.10
141.9
51.2%
138.7
47.9%
#s18
2.3%
3.20
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Treasury shares1 >>, py) User Value: -1.0 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Treasury shares1 >>, cy) User Value: -1.9 Th.
-90.0%
-0.90
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Minorities interests >>, py) User Value: 0.5 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Minorities interests >>, cy) User Value: 0.4 Th.
-20.0%
-0.10
Equity
174.3
62.9%
172.0
59.4%
#s22
1.3%
2.30
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Retained earnings >>, py) User Value: 138.2 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Retained earnings >>, cy) User Value: 144.8 Th.
4.8%
6.60
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Translation differences >>, py) User Value: 0.5 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Translation differences >>, cy) User Value: -2.9 Th.
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Share capital >>, py) User Value: 2.5 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Share capital >>, cy) User Value: 2.5 Th.
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Capital reserves >>, py) User Value: 31.3 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Capital reserves >>, cy) User Value: 31.4 Th.
Jolanda Baltensperger: Referenced Value: (value_1_PCY04) Document: Kardex_Kopie_Import_Produktiv_V 3 Chapter: 10.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2015 >> (.<< value_2 >>, cy) User Value: 31,1 Tsd. ---------------------------------------------------------------------------------------- Referenced Value: (value_1_PPY05) Document: Kardex_Kopie_Import_Produktiv_V 3 Chapter: 10.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2014 >> (.<< value_2 >>, py) User Value: 34,4 Tsd.
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Treasury shares1 >>, py) User Value: -1.0 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Treasury shares1 >>, cy) User Value: -1.9 Th.
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Minorities interests >>, py) User Value: 0.5 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Minorities interests >>, cy) User Value: 0.4 Th.
-680.0%
-3.40
277.3
289.8
24.5
19.8
122.4
133.6
-11.2
-8.4%
Assets
277.3
289.8
-12.5
-4.3%
Equity
174.3
172.0
2.3
1.3%
Reduced NWC compensated effect of lower Net Result
CAPEX further increased due to strategic investments into Supply Chain and IT
Substantial dividend payment to shareholders
Cash Flow Statement
in EUR million 2020 2019 +/- +/- in %
Net CF from operating activities 49.8 44.8 5.0 11.2% thereof change in NWC -9.4 13.4 -22.8 -170.1%
Net CF from investing activities -24.6 -14.0 -10.6 -75.7% Free cash flow 25.2 30.8 -5.6 -18.2% Net CF from financing activities -33.9 -27.4 -6.5 -23.7% FX effect -2.5 1.0 -3.5 -350.0% Net change in cash and cash equivalents -11.2 4.4 -15.6 -354.5%
SNVeryHiddenParameterSheet
2.10
6.7
26.6%
6.2
20.1%
-
1.4
5.6%
-3.7
-12.0%
-3.9
-15.5%
-5.9
-19.2%
49.8
197.6%
44.8
145.5%
#s15
11.2%
5.0
#l15
-18.8
-74.6%
-11.7
-38.0%
0.1
0.4%
n. a.
-1.9
-7.5%
-1.9
Disposal of the Kardex Stow Division, net of cash disposed of
32.0
-24.6
-97.6%
-14.0
-45.5%
#s24
-75.7%
-10.6
#l25
-
-
-33.9
-134.5%
-27.4
-89.0%
#s34
-23.7%
-6.5
#l35
Effect of currency translation differences on cash and cash equivalents
-2.5
-9.9%
1.0
3.2%
-11.2
-44.4%
4.4
14.3%
#s37
-354.5%
-15.6
#l38
2.1
133.6
129.2
2.1
122.4
133.6
-11.2
-44.4%
4.4
14.3%
#s41
-354.5%
-15.6
49.8
44.8
-24.6
-14.0
25.2
30.8
-33.9
-27.4
-11.2
4.4
-11.2
4.4
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< NWC >> (.<< value_1 >>, py) User Value: 77.3 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< NWC >> (.<< value_1 >>, cy) User Value: 67.9 Th.
-12.2%
-9.4
63.9
0.2
0.2
#r57
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Disposal of treasury shares3 >> (.<< Equity >>, py) User Value: 0.2 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Disposal of treasury shares3 >> (.<< Equity >>, cy) User Value: 0.2 Th.
Reclass to other-non cash
0.0
0.2
#s59
49.8
44.8
5.0
11.2%
-24.6
-14.0
-10.6
-75.7%
-33.9
-27.4
-6.5
-23.7%
-11.2
4.4
-15.6
-354.5%
Jens Fankhänel, CEO
|| 1204/03/2021Media and Analysts Conference - YEC 2020
New Business bookings with strong decrease in H1, first signs of recovery from Q4 onwards
Life Cycle Service with stabilizing effect, bookings close to 2019 level
Net revenues less affected in H1 due to strong starting backlog
Net revenues in H2 below H1, mostly driven by weak New Business
Early contingency measures, stringent cost management plus Covid-19 related cost reduction effects protected relative profitability levels
Financial KPIs at upper level of target range: – EBIT margin 16.5% – ROCE 41.2%
Division Kardex Remstar - Financial Highlights 2020
in EUR million 2020 2019 +/- %
Bookings 326.9 388.6 -15.9%
EBITDA 61.9 66.8 -7.3%
EBITDA in % 18.2% 17.0%
EBIT 56.2 61.4 -8.5%
EBIT in % 16.5% 15.6%
SNVeryHiddenParameterSheet
Sheet1
Segmentumsatz netto
EBITDA
61.9
18.2%
66.8
17.0%
-7.3%
Betriebsergebnis (EBIT)
FTEs referenziert
144.94
159.85
144.94
159.85
144.90
159.80
#l20
144.90
159.80
136.39
133.71
136.39
133.71
136.40
133.70
#l33
136.40
133.70
Division Kardex Remstar - Key Figures 2016-2020 (in EUR million)
New Business Life Cycle Services OEM Europe Americas (North, Middle, South) Asia/Pacific Middle East and Africa
70
28
2
0
100
200
300
400
500
Net revenues
CAGR 4.6%
14.2% 14.7% 14.7%
Operating result (EBIT) und EBIT margin
CAGR 8.7%
Strong recovery of New Business bookings after weak 2019
LCS bookings with double-digit increase
Net revenues affected by low starting Order Backlog in New Business
Valuation adjustment with negative impact on EBIT, EBITDA and ROCE in H1
Profitability recovered in H2 on all levels
Financial KPIs below target range: – EBIT margin 3.8% (H2 6.8%) – ROCE 17.9%
in EUR million 2020 2019 +/-%
Bookings 90.2 64.0 40.9%
EBITDA 4.4 6.6 -33.3%
EBITDA in % 6.0% 8.3%
EBIT 2.8 5.6 -50.0%
EBIT in % 3.8% 7.1%
Employees 286 291 -1.7%
SNVeryHiddenParameterSheet
Sheet1
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Net revenues1 >> (.<< Kardex Mlog >>, cy) User Value: 73.000000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Net revenues1 >> (.<< Kardex Mlog >>, py) User Value: 79.100000 Th.
Segmentumsatz netto
EBITDA
4.4
6.0%
6.6
8.3%
-33.3%
Betriebsergebnis (EBIT)
FTEs referenziert
75.20
58.01
75.20
58.01
75.20
58.00
#l22
75.20
58.00
15.48
16.70
15.48
16.70
15.50
16.70
#l27
15.50
16.70
Division Kardex Mlog - Key Figures 2016-2020 (in EUR million)
3.8 3.9 5.1 5.6
Operating result (EBIT) and EBIT margin
CAGR -7.4%
0
20
40
60
80
100
Net revenues
CAGR -0.7%
Jens Fankhänel, CEO
|| 1704/03/2021Media and Analysts Conference - YEC 2020
Technology – Acquisition of stakes in Robomotive and Rocket
Solution – Use of an incubator concept for the development
of innovative technology platforms – Both companies run as independent,
entrepreneurially managed market organizations
Extension of Solution Portfolio – Global Partnership with AutoStore AS signed in
February 2021 – Leverage Kardex’ global network with a
complementary, proven autonomous robots- based solution
New Initiatives on Group Level (1/2)
|| 1804/03/2021Media and Analysts Conference - YEC 2020
Digital Marketing – Introduction of new concepts and platforms for
digital communication and information management
– Innovative methodology for all customer interaction as future base for demand creation
– Virtual exhibition concepts
sustainability report – Start external communication about
the sustainability of the Kardex business model and corresponding ESG efforts
New Initiatives on Group Level (2/2)
|| 1904/03/2021Media and Analysts Conference - YEC 2020
Jens Fankhänel, CEO
|| 2004/03/2021Media and Analysts Conference - YEC 2020
Due to its strong market position and the growing intralogistics market Kardex Remstar expects continued recovery of top line
Based on the strong starting backlog Kardex Mlog expects increased Net revenues
Both divisions expect profitability levels in the mid to upper range of the communicated target levels (EBIT margin KR: 8-16%; EBIT margin KM: 4-8%)
Strategic investments in Supply Chain, Technology and Digitalization continue as planned
Market condition still affected, and a continued pandemic could impact the short-term outlook
Mid-term to long-term financial targets remain unchanged
Assumptions and Expectations for 2021
|| 2104/03/2021Media and Analysts Conference - YEC 2020
Questions and Answers
|| 2204/03/2021Media and Analysts Conference - YEC 2020
This communication contains statements that constitute “forward-looking statements”. In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans and objectives. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond Kardex’ ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in Kardex’ past and future filings and reports and in past and future filings, press releases, reports and other information posted on Kardex companies’ websites. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication. Kardex disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Disclaimer
Key Figures 2016–2020 (in EUR million)
Financials 2020
Division Kardex Remstar - Financial Highlights 2020
Division Kardex Remstar - Key Figures 2016-2020 (in EUR million)
Division Kardex Mlog - Financial Highlights 2020
Division Kardex Mlog - Key Figures 2016-2020 (in EUR million)
New Initiatives on Group Level
New Initiatives on Group Level (1/2)
New Initiatives on Group Level (2/2)
Outlook
Questions and Answers
Division Reports Kardex Remstar and Kardex Mlog J. Fankhänel, CEO
New Initiatives on Group Level J. Fankhänel, CEO
Outlook J. Fankhänel, CEO
Thomas Reist, CFO
Order Intake and Net Revenues heavily impacted by Covid-19
Relative Profitability kept on 2019 level
Robust Business Model due to stabilizing contribution from LCS business
High organizational flexibility
Stringent cost management and Covid-19 related cost reduction effects with positive impact on EBIT
Continued strategic investments in Supply Chain, Technology and Digitalization
Strong equity and balance sheet
Highlights and Key Achievements 2020
|| 504/03/2021Media and Analysts Conference - YEC 2020
Key Figures 2016–2020 (in EUR million)
358.5 376.1 423.4 471.2 412.9
0.0
100.0
200.0
300.0
400.0
500.0
600.0
Net revenues
CAGR 3.6%
11.5% 12.2%
12.6% 13.5%
Operating result (EBIT) and EBIT margin
CAGR 7.7%
Net cash flow from operating activities
30.8 31.8 38.3 44.9 40.7
3.3 3.6 4.0
Net profit and Payouts
Net profit in EUR millions Payouts in CHF per share
|| 604/03/2021Media and Analysts Conference - YEC 2020
Thomas Reist, CFO
Lower Bookings and Net Revenues
Order Backlog with slight increase
Increased share of LCS business and positive cost effects support relative profitability
Income Statement (1/2)
in EUR million 2020 in % 2019 in % +/- in %
Bookings 416.8 100.9% 452.4 96.0% -7.9% Order Backlog (31.12.) 220.2 53.3% 217.8 46.2% 1.1% Net revenues 412.9 100.0% 471.2 100.0% -12.4% Gross profit 153.0 37.1% 171.3 36.4% -10.7% OPEX 97.5 23.6% 107.8 22.9% -9.6% EBITDA 62.6 15.2% 70.2 14.9% -10.8% EBIT 55.5 13.4% 63.5 13.5% -12.6%
SNVeryHiddenParameterSheet
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, cy) User Value: 412.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, py) User Value: 471.200000 Th.
-12.4%
-58.3
-259.9
-62.9%
-299.9
-63.6%
#r5
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, cy) User Value: -259.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, py) User Value: -299.900000 Th.
13.3%
40.0
16.0%
9.3
6.6%
2.5
2.7%
0.3
-53.8%
-0.7
-68.8%
-1.1
42.4%
1.4
#l16
53.6
13.0%
60.2
12.8%
#s17
-11.0%
-6.6
#l18
15.7%
2.4
24.1%
25.4%
#l48
#l20
40.7
9.9%
44.4
9.4%
#s24
-8.3%
-3.7
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Result for the period >> (.<< Minorities interests >>, cy) User Value: 0.000000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Result for the period >> (.<< Minorities interests >>, py) User Value: 0.500000 Th.
-100.0%
-0.5
40.7
9.9%
44.9
9.5%
#s26
#l27
Earnings per share attributable to shareholders of Kardex Holding AG (EUR)2
3.2
5.28
5.75
#l28
0.005279
0.005745
#r27
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.3.2 - Earnings per share Row: .<< Basic earnings per share (EUR) >> (.<< value_1 >>, cy) User Value: 0.005279 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.3.2 - Earnings per share Row: .<< Basic earnings per share (EUR) >> (.<< value_1 >>, py) User Value: 0.005745 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, cy) User Value: 412.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, py) User Value: 471.200000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, cy) User Value: -259.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, py) User Value: -299.900000 Th.
Net revenues from construction contracts (POC)
45.1
10.9%
52.9
11.2%
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Bookings for calculation >> (.<< value_1 >>, cy) User Value: 416.767000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Bookings for calculation >> (.<< value_1 >>, py) User Value: 452.370000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Sales and marketing expenses >> (.<< Kardex >>, cy) User Value: -49.000000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Marketing und Verkauf >> (.<< Kardex Group >>, py) User Value: -58.300000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Verwaltungsaufwand >> (.<< Kardex Group >>, cy) User Value: -35.400000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Administrative expenses >> (.<< Kardex >>, py) User Value: -37.900000 Th.
Bookings for calculation (rounded)
220.19
217.84
#r32
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Order backlog (31.12.) for calculation >> (.<< value_1 >>, cy) User Value: 220.192000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Order backlog (31.12.) for calculation >> (.<< value_1 >>, py) User Value: 217.841000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< R&D expenses >> (.<< Kardex >>, cy) User Value: -11.000000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Entwicklungskosten >> (.<< Kardex Group >>, py) User Value: -11.300000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Sonstige betriebliche Erträge >> (.<< Kardex Group >>, cy) User Value: 0.600000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Other operating income >> (.<< Kardex >>, py) User Value: 1.300000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Other operating expenses >> (.<< Kardex >>, cy) User Value: -2.700000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Sonstige betriebliche Aufwendungen >> (.<< Kardex Group >>, py) User Value: -1.600000 Th.
Order backlog (31.12.) for calcualtion (rounded)
220.20
53.3%
217.80
46.2%
#l33
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement 35.4 Tsd. - .<< Verwaltungsaufwand >> (.<< Kardex Group >>, cy) 11.0 Tsd. - .<< R&D expenses >> (.<< Kardex >>, cy) -0.6 Tsd. - .<< Sonstige betriebliche Erträge >> (.<< Kardex Group >>, cy) 2.7 Tsd. - .<< Other operating expenses >> (.<< Kardex >>, cy) 49.0 Tsd. - .<< Sales and marketing expenses >> (.<< Kardex >>, cy) --------------------- 97.5 Tsd. (Total) ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement 58.3 Tsd. - .<< Marketing und Verkauf >> (.<< Kardex Group >>, py) 37.9 Tsd. - .<< Administrative expenses >> (.<< Kardex >>, py) 11.3 Tsd. - .<< Entwicklungskosten >> (.<< Kardex Group >>, py) -1.3 Tsd. - .<< Other operating income >> (.<< Kardex >>, py) 1.6 Tsd. - .<< Sonstige betriebliche Aufwendungen >> (.<< Kardex Group >>, py) --------------------- 107.8 Tsd. (Total)
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Financial result, net >> (.<< Kardex >>, cy) User Value: -1.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Finanzergebnis, netto >> (.<< Kardex Group >>, py) User Value: -3.300000 Th.
OPEX for calculation (rounded)
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Ertragssteuern >> (.<< Kardex Group >>, cy) User Value: -12.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Income tax expense >> (.<< Kardex >>, py) User Value: -15.300000 Th.
-10.8%
-7.6
|| 804/03/2021Media and Analysts Conference - YEC 2020
Financial result normalized in 2020 (2019 affected by interest expenses for pensions schemes and accrued interest)
Tax rate below guidance due to used tax losses carry-forward and one-time effects
Income Statement (2/2)
in EUR million 2020 in % 2019 in % +/- in %
EBIT 55.5 13.4% 63.5 13.5% -12.6% Financial result, net -1.9 -0.5% -3.3 -0.7% 42.4% EBT 53.6 13.0% 60.2 12.8% -11.0% Income tax -12.9 -3.1% -15.3 -3.2% 15.7%
Tax rate 24.1% 25.4% Result for the period 40.7 9.9% 44.9 9.5% -9.4%
SNVeryHiddenParameterSheet
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, cy) User Value: 412.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, py) User Value: 471.200000 Th.
-12.4%
-58.3
-259.9
-62.9%
-299.9
-63.6%
#r5
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, cy) User Value: -259.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, py) User Value: -299.900000 Th.
13.3%
40.0
16.0%
9.3
6.6%
2.5
2.7%
0.3
-53.8%
-0.7
-68.8%
-1.1
42.4%
1.4
#l16
53.6
13.0%
60.2
12.8%
#s17
-11.0%
-6.6
#l18
15.7%
2.4
24.1%
25.4%
#l48
#l20
40.7
9.9%
44.4
9.4%
#s24
-8.3%
-3.7
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Result for the period >> (.<< Minorities interests >>, cy) User Value: 0.000000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Result for the period >> (.<< Minorities interests >>, py) User Value: 0.500000 Th.
-100.0%
-0.5
40.7
9.9%
44.9
9.5%
#s26
#l27
Earnings per share attributable to shareholders of Kardex Holding AG (EUR)2
3.2
5.28
5.75
#l28
0.005279
0.005745
#r27
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.3.2 - Earnings per share Row: .<< Basic earnings per share (EUR) >> (.<< value_1 >>, cy) User Value: 0.005279 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.3.2 - Earnings per share Row: .<< Basic earnings per share (EUR) >> (.<< value_1 >>, py) User Value: 0.005745 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, cy) User Value: 412.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Umsatz netto >> (.<< Kardex Group >>, py) User Value: 471.200000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, cy) User Value: -259.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Cost of goods sold and services provided >> (.<< Kardex >>, py) User Value: -299.900000 Th.
Net revenues from construction contracts (POC)
45.1
10.9%
52.9
11.2%
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Bookings for calculation >> (.<< value_1 >>, cy) User Value: 416.767000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Bookings for calculation >> (.<< value_1 >>, py) User Value: 452.370000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Sales and marketing expenses >> (.<< Kardex >>, cy) User Value: -49.000000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Marketing und Verkauf >> (.<< Kardex Group >>, py) User Value: -58.300000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Verwaltungsaufwand >> (.<< Kardex Group >>, cy) User Value: -35.400000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Administrative expenses >> (.<< Kardex >>, py) User Value: -37.900000 Th.
Bookings for calculation (rounded)
220.19
217.84
#r32
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Order backlog (31.12.) for calculation >> (.<< value_1 >>, cy) User Value: 220.192000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< Order backlog (31.12.) for calculation >> (.<< value_1 >>, py) User Value: 217.841000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< R&D expenses >> (.<< Kardex >>, cy) User Value: -11.000000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Entwicklungskosten >> (.<< Kardex Group >>, py) User Value: -11.300000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Sonstige betriebliche Erträge >> (.<< Kardex Group >>, cy) User Value: 0.600000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Other operating income >> (.<< Kardex >>, py) User Value: 1.300000 Th.
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Other operating expenses >> (.<< Kardex >>, cy) User Value: -2.700000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Sonstige betriebliche Aufwendungen >> (.<< Kardex Group >>, py) User Value: -1.600000 Th.
Order backlog (31.12.) for calcualtion (rounded)
220.20
53.3%
217.80
46.2%
#l33
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement 35.4 Tsd. - .<< Verwaltungsaufwand >> (.<< Kardex Group >>, cy) 11.0 Tsd. - .<< R&D expenses >> (.<< Kardex >>, cy) -0.6 Tsd. - .<< Sonstige betriebliche Erträge >> (.<< Kardex Group >>, cy) 2.7 Tsd. - .<< Other operating expenses >> (.<< Kardex >>, cy) 49.0 Tsd. - .<< Sales and marketing expenses >> (.<< Kardex >>, cy) --------------------- 97.5 Tsd. (Total) ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement 58.3 Tsd. - .<< Marketing und Verkauf >> (.<< Kardex Group >>, py) 37.9 Tsd. - .<< Administrative expenses >> (.<< Kardex >>, py) 11.3 Tsd. - .<< Entwicklungskosten >> (.<< Kardex Group >>, py) -1.3 Tsd. - .<< Other operating income >> (.<< Kardex >>, py) 1.6 Tsd. - .<< Sonstige betriebliche Aufwendungen >> (.<< Kardex Group >>, py) --------------------- 107.8 Tsd. (Total)
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Financial result, net >> (.<< Kardex >>, cy) User Value: -1.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Finanzergebnis, netto >> (.<< Kardex Group >>, py) User Value: -3.300000 Th.
OPEX for calculation (rounded)
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Ertragssteuern >> (.<< Kardex Group >>, cy) User Value: -12.900000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Income tax expense >> (.<< Kardex >>, py) User Value: -15.300000 Th.
-10.8%
-7.6
NWC reduced in line with volume reduction
Cash level remains strong despite intensified investment activities
No goodwill with according impairment risk
Balance Sheet
in EUR million 2020 2019 +/- +/- in %
Non-current assets 64.8 51.9 12.9 24.9% Current assets 212.5 237.9 -25.4 -10.7%
thereof cash and cash equivalents
122.4 133.6 -11.2 -8.4%
Assets 277.3 289.8 -12.5 -4.3% Equity 174.3 172.0 2.3 1.3%
Equity ratio 62.9% 59.4% Liabilities 103.0 117.8 -14.8 -12.6% Equity and liabilities 277.3 289.8 -12.5 -4.3%
SNVeryHiddenParameterSheet
2.4
14.8
5.3%
19.2
6.6%
22.7%
1.50
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Share capital >>, py) User Value: 2.5 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Share capital >>, cy) User Value: 2.5 Th.
0.0%
0.00
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Capital reserves >>, py) User Value: 31.3 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Capital reserves >>, cy) User Value: 31.4 Th.
0.3%
0.10
141.9
51.2%
138.7
47.9%
#s18
2.3%
3.20
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Treasury shares1 >>, py) User Value: -1.0 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Treasury shares1 >>, cy) User Value: -1.9 Th.
-90.0%
-0.90
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Minorities interests >>, py) User Value: 0.5 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Minorities interests >>, cy) User Value: 0.4 Th.
-20.0%
-0.10
Equity
174.3
62.9%
172.0
59.4%
#s22
1.3%
2.30
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Retained earnings >>, py) User Value: 138.2 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Retained earnings >>, cy) User Value: 144.8 Th.
4.8%
6.60
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Translation differences >>, py) User Value: 0.5 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Translation differences >>, cy) User Value: -2.9 Th.
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Share capital >>, py) User Value: 2.5 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Share capital >>, cy) User Value: 2.5 Th.
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Capital reserves >>, py) User Value: 31.3 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Capital reserves >>, cy) User Value: 31.4 Th.
Jolanda Baltensperger: Referenced Value: (value_1_PCY04) Document: Kardex_Kopie_Import_Produktiv_V 3 Chapter: 10.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2015 >> (.<< value_2 >>, cy) User Value: 31,1 Tsd. ---------------------------------------------------------------------------------------- Referenced Value: (value_1_PPY05) Document: Kardex_Kopie_Import_Produktiv_V 3 Chapter: 10.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2014 >> (.<< value_2 >>, py) User Value: 34,4 Tsd.
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Treasury shares1 >>, py) User Value: -1.0 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Treasury shares1 >>, cy) User Value: -1.9 Th.
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2019 >> (.<< Minorities interests >>, py) User Value: 0.5 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Closing balance 31 December 2020 >> (.<< Minorities interests >>, cy) User Value: 0.4 Th.
-680.0%
-3.40
277.3
289.8
24.5
19.8
122.4
133.6
-11.2
-8.4%
Assets
277.3
289.8
-12.5
-4.3%
Equity
174.3
172.0
2.3
1.3%
Reduced NWC compensated effect of lower Net Result
CAPEX further increased due to strategic investments into Supply Chain and IT
Substantial dividend payment to shareholders
Cash Flow Statement
in EUR million 2020 2019 +/- +/- in %
Net CF from operating activities 49.8 44.8 5.0 11.2% thereof change in NWC -9.4 13.4 -22.8 -170.1%
Net CF from investing activities -24.6 -14.0 -10.6 -75.7% Free cash flow 25.2 30.8 -5.6 -18.2% Net CF from financing activities -33.9 -27.4 -6.5 -23.7% FX effect -2.5 1.0 -3.5 -350.0% Net change in cash and cash equivalents -11.2 4.4 -15.6 -354.5%
SNVeryHiddenParameterSheet
2.10
6.7
26.6%
6.2
20.1%
-
1.4
5.6%
-3.7
-12.0%
-3.9
-15.5%
-5.9
-19.2%
49.8
197.6%
44.8
145.5%
#s15
11.2%
5.0
#l15
-18.8
-74.6%
-11.7
-38.0%
0.1
0.4%
n. a.
-1.9
-7.5%
-1.9
Disposal of the Kardex Stow Division, net of cash disposed of
32.0
-24.6
-97.6%
-14.0
-45.5%
#s24
-75.7%
-10.6
#l25
-
-
-33.9
-134.5%
-27.4
-89.0%
#s34
-23.7%
-6.5
#l35
Effect of currency translation differences on cash and cash equivalents
-2.5
-9.9%
1.0
3.2%
-11.2
-44.4%
4.4
14.3%
#s37
-354.5%
-15.6
#l38
2.1
133.6
129.2
2.1
122.4
133.6
-11.2
-44.4%
4.4
14.3%
#s41
-354.5%
-15.6
49.8
44.8
-24.6
-14.0
25.2
30.8
-33.9
-27.4
-11.2
4.4
-11.2
4.4
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< NWC >> (.<< value_1 >>, py) User Value: 77.3 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 3 - Highlights and key figures Row: .<< NWC >> (.<< value_1 >>, cy) User Value: 67.9 Th.
-12.2%
-9.4
63.9
0.2
0.2
#r57
SN: Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Disposal of treasury shares3 >> (.<< Equity >>, py) User Value: 0.2 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.4 - Consolidated statement of changes in equity Row: .<< Disposal of treasury shares3 >> (.<< Equity >>, cy) User Value: 0.2 Th.
Reclass to other-non cash
0.0
0.2
#s59
49.8
44.8
5.0
11.2%
-24.6
-14.0
-10.6
-75.7%
-33.9
-27.4
-6.5
-23.7%
-11.2
4.4
-15.6
-354.5%
Jens Fankhänel, CEO
|| 1204/03/2021Media and Analysts Conference - YEC 2020
New Business bookings with strong decrease in H1, first signs of recovery from Q4 onwards
Life Cycle Service with stabilizing effect, bookings close to 2019 level
Net revenues less affected in H1 due to strong starting backlog
Net revenues in H2 below H1, mostly driven by weak New Business
Early contingency measures, stringent cost management plus Covid-19 related cost reduction effects protected relative profitability levels
Financial KPIs at upper level of target range: – EBIT margin 16.5% – ROCE 41.2%
Division Kardex Remstar - Financial Highlights 2020
in EUR million 2020 2019 +/- %
Bookings 326.9 388.6 -15.9%
EBITDA 61.9 66.8 -7.3%
EBITDA in % 18.2% 17.0%
EBIT 56.2 61.4 -8.5%
EBIT in % 16.5% 15.6%
SNVeryHiddenParameterSheet
Sheet1
Segmentumsatz netto
EBITDA
61.9
18.2%
66.8
17.0%
-7.3%
Betriebsergebnis (EBIT)
FTEs referenziert
144.94
159.85
144.94
159.85
144.90
159.80
#l20
144.90
159.80
136.39
133.71
136.39
133.71
136.40
133.70
#l33
136.40
133.70
Division Kardex Remstar - Key Figures 2016-2020 (in EUR million)
New Business Life Cycle Services OEM Europe Americas (North, Middle, South) Asia/Pacific Middle East and Africa
70
28
2
0
100
200
300
400
500
Net revenues
CAGR 4.6%
14.2% 14.7% 14.7%
Operating result (EBIT) und EBIT margin
CAGR 8.7%
Strong recovery of New Business bookings after weak 2019
LCS bookings with double-digit increase
Net revenues affected by low starting Order Backlog in New Business
Valuation adjustment with negative impact on EBIT, EBITDA and ROCE in H1
Profitability recovered in H2 on all levels
Financial KPIs below target range: – EBIT margin 3.8% (H2 6.8%) – ROCE 17.9%
in EUR million 2020 2019 +/-%
Bookings 90.2 64.0 40.9%
EBITDA 4.4 6.6 -33.3%
EBITDA in % 6.0% 8.3%
EBIT 2.8 5.6 -50.0%
EBIT in % 3.8% 7.1%
Employees 286 291 -1.7%
SNVeryHiddenParameterSheet
Sheet1
SN: Wert der Referenz auf: (value_1_PCY04) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Net revenues1 >> (.<< Kardex Mlog >>, cy) User Value: 73.000000 Th. ---------------------------------------------------------------------------------------- Wert der Referenz auf: (value_1_PPY05) Document: 2020 - Kardex_Geschaeftsbericht Chapter: 12.5.1.2.1 - Segment reporting / Income statement Row: .<< Net revenues1 >> (.<< Kardex Mlog >>, py) User Value: 79.100000 Th.
Segmentumsatz netto
EBITDA
4.4
6.0%
6.6
8.3%
-33.3%
Betriebsergebnis (EBIT)
FTEs referenziert
75.20
58.01
75.20
58.01
75.20
58.00
#l22
75.20
58.00
15.48
16.70
15.48
16.70
15.50
16.70
#l27
15.50
16.70
Division Kardex Mlog - Key Figures 2016-2020 (in EUR million)
3.8 3.9 5.1 5.6
Operating result (EBIT) and EBIT margin
CAGR -7.4%
0
20
40
60
80
100
Net revenues
CAGR -0.7%
Jens Fankhänel, CEO
|| 1704/03/2021Media and Analysts Conference - YEC 2020
Technology – Acquisition of stakes in Robomotive and Rocket
Solution – Use of an incubator concept for the development
of innovative technology platforms – Both companies run as independent,
entrepreneurially managed market organizations
Extension of Solution Portfolio – Global Partnership with AutoStore AS signed in
February 2021 – Leverage Kardex’ global network with a
complementary, proven autonomous robots- based solution
New Initiatives on Group Level (1/2)
|| 1804/03/2021Media and Analysts Conference - YEC 2020
Digital Marketing – Introduction of new concepts and platforms for
digital communication and information management
– Innovative methodology for all customer interaction as future base for demand creation
– Virtual exhibition concepts
sustainability report – Start external communication about
the sustainability of the Kardex business model and corresponding ESG efforts
New Initiatives on Group Level (2/2)
|| 1904/03/2021Media and Analysts Conference - YEC 2020
Jens Fankhänel, CEO
|| 2004/03/2021Media and Analysts Conference - YEC 2020
Due to its strong market position and the growing intralogistics market Kardex Remstar expects continued recovery of top line
Based on the strong starting backlog Kardex Mlog expects increased Net revenues
Both divisions expect profitability levels in the mid to upper range of the communicated target levels (EBIT margin KR: 8-16%; EBIT margin KM: 4-8%)
Strategic investments in Supply Chain, Technology and Digitalization continue as planned
Market condition still affected, and a continued pandemic could impact the short-term outlook
Mid-term to long-term financial targets remain unchanged
Assumptions and Expectations for 2021
|| 2104/03/2021Media and Analysts Conference - YEC 2020
Questions and Answers
|| 2204/03/2021Media and Analysts Conference - YEC 2020
This communication contains statements that constitute “forward-looking statements”. In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans and objectives. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond Kardex’ ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in Kardex’ past and future filings and reports and in past and future filings, press releases, reports and other information posted on Kardex companies’ websites. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication. Kardex disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Disclaimer
Key Figures 2016–2020 (in EUR million)
Financials 2020
Division Kardex Remstar - Financial Highlights 2020
Division Kardex Remstar - Key Figures 2016-2020 (in EUR million)
Division Kardex Mlog - Financial Highlights 2020
Division Kardex Mlog - Key Figures 2016-2020 (in EUR million)
New Initiatives on Group Level
New Initiatives on Group Level (1/2)
New Initiatives on Group Level (2/2)
Outlook
Questions and Answers
