Kardex Holding AG/€KARN
1D1W1MYTD1Y5YMAX
Capital at risk
About Kardex Holding AG
Kardex Holding AG is a global provider of automated storage solutions and material handling systems, serving industries that require efficient warehouse logistics and inventory management. The company's core business revolves around two primary divisions: Kardex Remstar, which offers automated storage and retrieval systems, and Kardex Mlog, focusing on integrated material handling solutions. Established in 1973 and headquartered in Zurich, Switzerland, Kardex serves customers across Europe, North America, and Asia, ensuring a significant international presence. A key component of Kardex's strategic strength is its emphasis on innovation in intralogistics technologies, which aids clients in optimizing space and improving productivity within their operations. The company's competitive advantage lies in its ability to deliver customized solutions that meet diverse industry requirements.
- Ticker
- €KARN
- Sector
- Industrials
- Primary listing
- XGAT
- Employees
- 3,037
- Headquarters
- Zurich, Switzerland
- Website
- www.kardex.com
KARN Metrics
BasicAdvanced
€1.9B
66.75
€3.63
1.37
€6.56
2.71%
Price and volume
Market cap
€1.9B
Beta
1.37
52-week high
€355.50
52-week low
€228.00
Average daily volume
13K
Dividend rate
€6.56
Financial strength
Current ratio
1.525
Quick ratio
1.266
Total debt to equity
0.009
Dividend payout ratio (TTM)
179.64%
Profitability
EBITDA (TTM)
129.2
Gross margin (TTM)
31.94%
Net profit margin (TTM)
3.20%
Operating margin (TTM)
9.41%
Effective tax rate (TTM)
43.09%
Revenue per employee (TTM)
€290,000
Management effectiveness
Return on assets (TTM)
10.20%
Return on equity (TTM)
11.01%
Valuation
Price to earnings (TTM)
66.749
Price to revenue (TTM)
2.135
Price to book
7.24
Price to tangible book (TTM)
8.15
Price to free cash flow (TTM)
106.188
Free cash flow yield (TTM)
0.94%
Free cash flow per share (TTM)
2.281
Dividend yield (TTM)
2.71%
Forward dividend yield
2.71%
Growth
Revenue change (TTM)
4.54%
Earnings per share change (TTM)
-64.38%
3-year revenue growth (CAGR)
10.85%
10-year revenue growth (CAGR)
9.80%
3-year earnings per share growth (CAGR)
-19.66%
10-year earnings per share growth (CAGR)
-0.40%
3-year dividend per share growth (CAGR)
22.08%
10-year dividend per share growth (CAGR)
8.85%
Bulls say / Bears say
Kardex reported robust H1 2026 revenue growth, with net revenues rising 6% year-on-year to €440.5 million, underscoring resilient demand for its intralogistics solutions (stockopedia.com).
The company reaffirmed solid full-year guidance, expecting order and revenue growth of 15–20% for FY 2026 and targeting an 8–10% EBIT margin, supported by a record-high order backlog (stockopedia.com).
Berenberg upgraded Kardex to a Buy rating and raised its 12-month target price to CHF 375, signaling increased analyst confidence in the company’s long-term growth potential (tradingview.com).
H1 2026 EBIT plunged 38% year-on-year to €30.1 million, reflecting a temporary underperformance in the higher-margin Automated Products division (stockopedia.com).
The EBIT margin contracted sharply to 6.8% in H1 2026—well below the 10–14% target range—driven by temporary production underutilization and a shift in sales mix toward lower-margin Standardized Systems (stockopedia.com).
Elevated operating expenses, stemming from increased investments in sales, marketing, IT, and R&D, drove OPEX up to €101.4 million in H1, further weighing on near-term profitability (stockopedia.com).
Data summarised monthly by Lightyear AI. Last updated on 30 Aug 2026.
Upcoming events
No upcoming events
Funds containing KARN
AllEURGBP
Fund name | Fund size | €KARN weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.11% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.11% |
Vanguard ESG Global All Cap£V3AB | £905M | 0.00% |
Vanguard ESG Global All Cap€V3AA | €1.1B | 0.00% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.