Kardex reports strong order growth in the second half of 2025

LootboxPhobia · 2026-03-12T13:41:34+00:00

Kardex released its 2025 results, with H2 orders reaching €528 million, up 29% year-over-year, and sales of €435 million, up 3% year-over-year. H2 net profit was only 6 million Swiss francs due to loan impairment impacts. The company proposed a dividend of 6.00 Swiss francs per share, exceeding market expectations. Meanwhile, automation product orders grew 6%, while standardized systems orders surged 66%. The company did not disclose specific 2026 targets but maintained its medium-term profit margin targets.

LootboxPhobia

2026-03-12 13:41:34

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Investing.com – Kardex announced its full-year 2025 results on Thursday, with group orders reaching €528 million in the second half, a 29% year-over-year increase based on report standards, surpassing the market consensus of €444 million.

Total group sales in the second half amounted to €435 million, a 3% increase year-over-year based on report standards, but below the market expectation of €458 million. The company’s EBIT margin for the second half was 12.0%, higher than the market consensus of 11.4%.

Net profit for the second half was CHF 6 million, below the market expectation of CHF 40 million, due to a CHF 39 million impairment related to a loan previously extended to Rocket Solution, which has now been acquired.

For the full year 2025, Kardex reported sales growth of 8% based on report standards, with an group EBIT margin of 11.9%. The company proposed a dividend of CHF 6.00 per share, compared to the market expectation of CHF 5.85.

In the automation products division, orders in the second half reached €267 million, a 6% year-over-year increase based on report standards, while revenue of €290 million decreased by 1% year-over-year, affected by weak demand in the U.S. market.

The division’s EBIT margin for the second half was 16.1%, within the company’s long-term guidance range of 14-17%.

The standardized systems division had orders of €262 million in the second half, a 66% increase year-over-year based on report standards, with AS Solutions orders growing 59%. Sales for this division reached €145 million, an 11% increase year-over-year based on report standards. The division’s EBIT margin for the second half was 5.8%, within the long-term guidance range of 5-8%.

Kardex did not provide specific targets for fiscal year 2026 but stated that its mid-term profit margin goals should apply to 2026, including sales of €1.5 billion for 2029-2031 and an EBIT margin of 10-14%.

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