Slide 1: Media and Analysts Conference H1 2025
Media and Analysts Conference H1 2025 31 July 2025
Slide 2: Agenda
Agenda Introduction Jens Hardenacke, CEO Financials H1 2025 Thomas Reist, CFO Segment Reports Thomas Reist, CFO Outlook Jens Hardenacke, CEO Questions and Answers Media and Analysts Conference - H1 2025 | 31.07.2025 | 2
Slide 3: Introduction
Introduction Jens Hardenacke, CEO Media and Analysts Conference - H1 2025 | 31.07.2025 | 3
Slide 4: Highlights and Key Achievements 1st Half Year 2025
Highlights and Key Achievements 1st Half Year 2025 Ongoing positive demand for Kardex’ intralogistics solutions despite geopolitical tensions and trade uncertainties Automated Products and Standardized Systems both strengthened the already strong market positions Bookings up by 18.7% to EUR 45
Slide 5: Financials H1 2025
Financials H1 2025 Thomas Reist, CFO Media and Analysts Conference - H1 2025 | 31.07.2025 | 5
Slide 6: Kardex – Key Figures H1 2021 - 2025 (in EUR million)
Kardex – Key Figures H1 2021 - 2025 (in EUR million) Bookings Net revenues 600 600 CAGR 10.6% CAGR 19.0 450 450 300 300 454.3 415.7 +6.0% +5.8% 339.1 +12.9% 382.8 +18.7% +24.3% +29.9% 334.5 +10.5% 369.7 +12.4% 150 302.5 320.5 150 207.1 257.5 0 0 H1 2021 H1 2022 H1 2023 H1 2024 H1 2025 H1 2021 H1 202
Slide 7: Kardex – Income Statement (1/2)
Kardex – Income Statement (1/2) in EUR million H1 2025 (%) H1 2024 (%) (+/-%) Bookings 454.3 109.3% 382.8 103.5% 18.7% Order Backlog (30.06.) 512.7 123.3% 488.3 132.1% 5.0% Net revenues 415.7 100.0% 369.7 100.0% 12.4% Gross profit 141.9 34.1% 127.3 34.4% 11.5% OPEX 93.0 22.4% 79.1 21.4% 17.6% EBITDA
Slide 8: Kardex – Income Statement (2/2)
Kardex – Income Statement (2/2) in EUR million H1 2025 (%) H1 2024 (%) (+/-%) EBIT 48.9 11.8% 48.2 13.0% 1.5% Financial result, net -0.4 -0.1% 2.4 0.6% -116.7% EBT 48.5 11.7% 50.6 13.7% -4.2% Income tax -12.4 -3.0% -12.3 -3.3% -0.8% Tax rate 25.6% 24.3% Result for the period 36.1 8.7% 38.3 10.4% -5.
Slide 9: Kardex – Balance Sheet
Kardex – Balance Sheet in EUR million H1 2025 YE 2024 (+/-) (+/-%) Current assets 335.0 348.9 -13.9 -4.0% thereof cash and cash equivalents 105.0 136.0 -31.0 -22.8% thereof NWC (accounts receivable and inventories) 173.2 150.1 23.1 15.4% thereof current fixed term deposits 17.6 37.3 -19.7 -52.8% Non
Slide 10: Kardex – Cash Flow Statement
Kardex – Cash Flow Statement in EUR million H1 2025 H1 2024 (+/-) (+/-%) Result for the period 36.1 38.3 -2.2 -5.7% Change in non-cash items 9.4 4.5 4.9 108.9% Change in NWC -14.7 19.3 -34.0 -176.2% thereof accounts receivable -21.4 16.9 -38.3 -226.6% thereof inventories -6.7 -3.0 -3.7 -123.3% there
Slide 11: Segment Reports
Segment Reports Thomas Reist, CFO Media and Analysts Conference - H1 2025 | 31.07.2025 | 11
Slide 12: Automated Products
Automated Products Kardex Remstar Global organization providing Sales and Service in over 30 countries Automated solutions focusing on order fulfillment and storage/retrieval of single items >2’200 FTEs >140’000 installed solutions 2 manufacturing sites in Germany and 1 in the US A globa
Slide 13: Automated Products – Financial Highlights H1 2025
Automated Products – Financial Highlights H1 2025 in EUR million H1 2025 H1 2024 (+/-%) Increased demand in New Business Bookings 294.1 264.6 11.1% and Life Cycle Services compared to H1 2024 reflecting strong bookings in Order backlog (30.06.) 281.8 311.8 -9.6% both business functions Net revenue
Slide 14: Automated Products – Key Figures H1 2021 - 2025 (in EUR million)
Automated Products – Key Figures H1 2021 - 2025 (in EUR million) Net revenues EBIT and EBIT margin 300 50 CAGR 14.1% CAGR 14.1% 16.7% 16.0% 16.8% 240 40 180 30 16.0% 11.9% 265.8 283.0 44.4 45.3 120 245.3 20 41.2 200.2 +22.5% +8.4% +6.5% 166.7 +20.1% 26.7 -10.9% +73.1% +7.8% +2.0% 60 10 23.8 0 0 H1 2
Slide 15: Standardized Systems
Standardized Systems Kardex Mlog Kardex AS Solutions German based organization Global partner of AutoStore with focus on the DACH since 2021 region The AutoStore technology is Automated solutions an innovative and compact focusing on storage/retrieval robot-based warehouse of unit loads (pal
Slide 16: Standardized Systems – Financial Highlights H1 2025
Standardized Systems – Financial Highlights H1 2025 in EUR million H1 2025 H1 2024 (+/-%) Substantial increase in bookings fueled by the Mlog business complemented Bookings* 160.4 118.3 35.6% by a healthy increase in AS Solutions thereof Kardex Mlog 76.5 41.3 85.2% thereof Kardex AS Solutions 84.1
Slide 17: Standardized Systems – Key Figures H1 2021 - 2025 (in EUR million)
Standardized Systems – Key Figures H1 2021 - 2025 (in EUR million) Net revenues EBIT and EBIT margin 160 8 CAGR 34.7% CAGR 31.6% 5.8% 120 6 4.1% 5.0% 80 4 133.0 6.0 104.0 4.0% 5.4 40 89.2 2 4.5% 4.5 +41.6% 57.2 +55.9% +16.6% +27.9% +27.8% 2.3 +95.7% +33.3% -10.0% 40.4 1.8 0 0 H1 2021 H1 2022 H1 2023
Slide 18: Outlook
Outlook Jens Hardenacke, CEO Media and Analysts Conference - H1 2025 | 31.07.2025 | 18
Slide 19: Outlook
Outlook Megatrends like “reshoring”, “shortage of skilled labor force” and “automation” are expected to drive the positive market sentiment Kardex will continue to substantially invest in sales & marketing, R&D and IT to further outperform the market and to create the basis for continuous profit
Slide 20: Questions and Answers
Questions and Answers Media and Analysts Conference - H1 2025 | 31.07.2025 | 20
Slide 21: Disclaimer
Disclaimer This communication contains statements that constitute “forward-looking statements”. In this communication, such forward-looking statements may include statements on the financial situation, earnings situation and business results of Kardex as well as certain strategic plans and objective