Kardex Holding AG: Half-Year Results 2026 Overview

Kardex Holding AG posted a 25.8% increase in bookings to EUR 571.5 million for H1 2026, driven by its Standardized Systems. Revenue grew by 6%, reaching EUR 440.5 million. However, profitability declined, with EBIT down to EUR 30.1 million, impacted by underperformance in Automated Products and significant R&D and marketing investments.

Despite this, Kardex anticipates a stronger second half, aiming to return to the targeted EBIT margin. The company maintains its mid-term targets of EUR 1.5 billion by 2029-2031, aiming for an EBIT margin of 10-14%. Growth in the Automated Products segment is expected, following a steady increase in bookings since March 2026.

Standardized Systems showed strong bookings, with significant demand noted in the US. Kardex expects full-year order and revenue growth between 15-20%, with continued focus on automation as a growth driver.