Welcome to the Kardex Group
The Kardex Group is one of the leading suppliers of products and services in the logistics of dynamic storage and retrieval systems and static storage systems.
Corporate calendar
| Publication of full-year 2009 results: | Tuesday, 16 March 2010 |
| Annual General Meeting 2010: | Tuesday, 27 April 2010 |
News
9 February 2010
Positive operating result in fiscal 2009 despite difficult environment
Revenues and bookings down significantly on previous year. High one-off restructuring costs – Prepared for sustainable development
As a result of the economic crisis within the overall market for automated storage systems, in fiscal 2009 the Kardex Group, with its two divisions Kardex (KRM) (58.2% of revenues) and Stow (41.8% of revenues), posted a decline of 25.5% (24.7% after adjustment for currency translation effects) in revenues to EUR 342.9 million (previous year: EUR 460.0 million).
To Media Services
11 August 2009
Recession-induced downturn in revenues leads to decrease in earnings
In the first half of fiscal 2009, the Kardex Group, with its two divisions Kardex (KRM) (60% share) and Stow (40% share), achieved consolidated revenues of EUR 177.7 million, representing a year-on-year decline of 20.0%. Adjusted for currency factors, revenues were 19.5% lower than in the previous year. The operating result before interest and taxes (EBIT) totalled EUR 4.9 million, down 76.3% on the prior-year result.
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6 July 2009
Capital reduction in the form of par value repayment
At the Annual General Meeting of Kardex AG, Zürich (the "Company"), held on April 21, 2009, shareholders approved, among other things, the proposal of the Board of Directors to reduce the capital by means of a par value repayment amounting to CHF 2.50 per registered share.
To Media Services
12 May 2009
Kardex AG confirms acquisition of Element Storage Systems AS
Norwegian Competition Authority approves transaction.
To Media Services
27 April 2009
Change in the Management Board of the Kardex Group
Jürg Müller, Head of the Kardex (KRM) division at the Kardex Group, has decided to leave the company.
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21 April 2009
Annual General Meeting approves proposals of the Board of Directors
Par value reduction of CHF 2.50 per share – Conversion of bearer shares into registered shares – Withdrawal of proposals to restrict voting rights and waive the opting-up clause.
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16 April 2009
Kardex AG acquires Scandinavian Element Storage Systems AS
Kardex AG has signed an asset purchase agreement to acquire the activities aligned to Kardex and Stow products of Scandinavian distributor Element Storage Systems AS.
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31 March 2009
Invitation to the Ordinary 31st General Meeting
Tuesday, 21 April 2009, 4:00 PM, at Marriott Hotel Zürich (conference room “Century”, 2nd floor), Neumühlequai 42, 8006 Zürich
Agenda of minutes and applications of the Board of Directors are only available in German:
- Invitation to the Annual General meeting as PDF file
- Overview about proposed changes in articles of corporation
10 March 2009
Kardex Group posts record result in financial year 2008
Much improved result – balance sheet and equity basis strengthened decisively – proposal for par value reduction of CHF 2.50 per share.
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Presentation Analysts and Media Conference (German)
5 February 2009
Kardex Group reports peak figures again in financial year 2008
Renewed increase in revenues and bookings – order books solid at year end – exceptionally high increase in profitability expected.
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6 January 2009
Kardex AG appoints new CFO
On April 1, 2009, Gerhard Mahrle (51), who holds a degree in economics from the University of St Gallen, will take up the position of Chief Financial Officer (CFO) and join the Management Board at Kardex Group.
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12 December 2008
Kardex AG acquires US competitor Kardex Systems Inc.
Kardex AG has signed an asset purchase agreement to acquire the assets of US competitor Kardex Systems Inc., which had previously filed for Chapter 11 bankruptcy with a US court.
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30 September 2008
Kardex AG plans to buy US competitor Kardex Systems Inc.
Kardex AG has signed an Asset Purchase Agreement to buy the assets of its US competitor Kardex Systems Inc., which has filed Chapter 11 bankruptcy.
To Media Services
23 September 2008
Change in the Management Board of Kardex AG
The Chief Financial Officer of Kardex AG, Reto Welte, will be leaving the Group at the end of March 2009 to take on a new challenge.
To Media Services
12 August 2008
Strong revenue growth and increased profitability
in the first half of fiscal 2008
In the first half of fiscal 2008, the Kardex Group, with its two divisions KRM (55% share) and Stow (45% share), lifted consolidated net revenues by 13.1% to EUR 222.0 million (prior year: EUR 196.2 million).
To Media Services
Presentation Half Year Report 2008 [640kB]
23 April 2008
Annual General Meeting approves proposals of the Board of Directors
The Annual General Meeting of Kardex AG approved all proposals put forward by the Board of Directors. David J. Schnell was newly elected to the Board. He replaces Dr Rudolf Huber, who had opted not to seek re-election.
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11 March 2008
Strong EBIT gain and significantly improved balance sheet structure
The Kardex Group increased net revenues in the 2007 fiscal year by 11.4% to EUR 422.5 million (2006: EUR 379.1 million). The continued operations, KRM (Dynamic Storage and Retrieval Systems) and Stow (Static Storage Systems), both achieved record net revenues and bookings.
To Media Services
Analyst and Media Conference [950kB]
5 February 2008
Kardex Group reports record revenues and bookings in 2007 – Significantly higher EBIT expected
Thanks to its attractive range of products and services as well as a sound economic environment, Kardex Group, one of the world’s leading providers of dynamic storage and retrieval systems, increased the consolidated revenues of its continued operations in fiscal 2007 by 11.4% year on year to EUR 422.5 million.
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