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Introduction
Thomas Reist, CFO
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Highlights and Key Achievements 2021
General catch-up of investments and automation trends in intralogistics drive demand and bookings growth
Substantially increased backlog provides for longer visibility
Shortages in global supply chains prevent higher net revenues
Gross profit margin suffer from inefficiencies in the production
Cost with underproportional increase despite continued investments in strategic projects
EBIT margin stable, despite ramp-up cost of new activities
Financial targets increased
Kardex becomes member of UN Global Compact as part of its overall ESG strategy
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Kardex - Key Figures 2017-2021 (in EUR million)
Net revenues
500
CAGR 4.9%
400
300
423.4
471.2
412.9
455.5
200
376.1
100
+12.6%
+11.3%
-12.4%
+10.3%
0
2017
2018
2019
2020
2021
Operating result (EBIT) and EBIT margin
75
CAGR
7.4%
13.5%
13.4%
13.4%
60
12.2%
12.6%
45
63.5
61.1
30
46.0
53.2
55.5
15
+15.7
+19.4%
-12.6%
+10.1%
0
2017
2018
2019
2020
2021
Free cash flow
60
50
40
30
51.4
20
34.6
37.8
30.8
25.2
10
0
2017
2018
2019
2020
2021
Net profit and Payouts
60
6.00
50
4.00
4.50
4.00
4.30
5.00
40
3.60
4.00
30
44.9
3.00
20
38.3
40.7
43.7
31.8
2.00
10
0
1.00
2017
2018
2019
2020
2021
Net profit in EUR millions
Payouts in CHF per share
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Kardex AG published this content on 03 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2022 08:49:05 UTC.
Kardex AG is a Switzerland-based holding company engaged in the provision of static and automated storage solutions and materials handling systems. The Company operates two corporate divisions: Kardex Remstar and Kardex Mlog. The Kardex Remstar division is active in the development, production and maintenance of dynamic storage and retrieval systems. The Kardex Mlog division develops and manufactures integrated materials handling systems and automated high-bay warehouses. The Company provides support to its customers over the entire lifecycle of a product or solution, including an assessment of customer requirements; planning, realization and implementation of customer-specific systems, and ensuring a high level of availability and low lifecycle costs by means of customer-oriented lifecycle management. In July 2013, it divested its Kardex Stow Division, which provided static storage systems, shuttles and automated mobile shelving systems.
KARDEX HOLDING AG 
