Kardex Holding AG

Kardex Holding AG, in Zürich, CHE-102.425.888, Aktiengesellschaft (SHAB Nr. 95 vom 19.05.2025, Publ. 1006334555).

Eingetragene Personen neu oder mutierend:
Iben, Matthias, deutscher Staatsangehöriger, in Renningen (DE), mit Kollektivunterschrift zu zweien.

Kardex Holding AG, in Zürich, CHE-102.425.888, Aktiengesellschaft (SHAB Nr. 51 vom 14.03.2025, Publ. 1006281862).

Ausgeschiedene Personen und erloschene Unterschriften:
Looser, Ulrich Jakob, von Seon, in Zürich, Mitglied des Verwaltungsrates, mit Kollektivunterschrift zu zweien.

"Rubrik: Mitteilungen an Gesellschafter/nUnterrubrik: Einladung zur Generalversammlung/nPublikationsdatum: SHAB 24.03.2025/nÖffentlich einsehbar bis: 24.03.2026/nMeldungsnummer: UP04-0000006899/nPublizierende Stelle/nKardex Holding AG, Thurgauerstrasse 40.

8050 Zürich/nEinladung zur ordentlichen Generalversammlung/nKardex Holding AG/nBetroffene Organisation:
/nKardex Holding AG/nCHE-102.425.888/nThurgauerstrasse 40/n8050 Zürich/nAngaben zur Generalversammlung:/n24.04.2025, 16.00 Uhr, SIX ConventionPoint.

8005 Zürich/nEinladungstext/Traktanden:
/nTraktanden und Anträge des Verwaltungsrats/n1. Abstimmungen über den Geschäftsbericht inklusive Jahresrechnung der Kardex/nHolding AG, Konzernrechnung, Vergütungsbericht sowie die Berichterstattung/nüber nichtfinanzielle Belange (Sustainability Report) für das Geschäftsjahr 2024/n1.1 Genehmigung Geschäftsbericht inklusive Jahresrechnung der Kardex Holding AG/n2024 sowie Konzernrechnung 2024/n1.2 Konsultativabstimmung über den Vergütungsbericht 2024/n1.3 Konsultativabstimmung über die Berichterstattung über nichtfinanzielle Belange/n(Sustainability Report)/n2. Verwendung des Bilanzgewinns 2024/n3. Entlastung der Mitglieder des Verwaltungsrats und des Group Management/n4. Wahlen/n4.1 Wiederwahl der Mitglieder des Verwaltungsrats/n4.2 Wiederwahl des Präsidenten des Verwaltungsrats/n4.3 Wahl der Mitglieder des Vergütungsausschusses (CNC)/n4.4 Wiederwahl des unabhängigen Stimmrechtsvertreters/n4.5 Wiederwahl der Revisionsstelle/n5. Vergütungen/n5.1 Genehmigung der maximalen Vergütung an den Verwaltungsrat bis zur nächsten/nordentlichen Generalversammlung/n5.2 Genehmigung der maximalen Vergütung an das Group Management für das/nGeschäftsjahr 2026/nInvitation/nto shareholders to attend the/n47th Annual General Meeting/nof Kardex Holding AG/nThursday, 24 April 2025.

16:
00 CET/nSIX Convention Point/nPfingstweidstrasse 110, 8005 Zurich, Switzerland/n4 Kardex at a glance/n5 Highlights/n6 Key figures/n7 Report to the shareholders/n10 Agenda (Deutsch)/n14 Agenda (inofficial English translation)/n18 Notes to the Agenda/n19 Directions for your attendance/nContents/n4/nKardex is a global industry partner for intralogistic solutions and a leading supplier/nof automated storage solutions and materials handling systems. The Group consists/nof the two reporting segments Automated Products (Kardex Remstar) and Stand-/nardized Systems (Kardex Mlog and Kardex AS Solutions). All three business units/nare entrepreneurially managed./nKardex Remstar develops, produces, and maintains dynamic storage and retrieval/nsystems, and Kardex Mlog offers integrated materials handling systems and auto-/nmated high bay warehouses. As a global AutoStore partner, Kardex AS Solutions/noffers high-performance, space-saving storage and picking solutions for small parts./nKardex is partner for its customers over the entire lifecycle of a product or solution./nThis begins with an assessment of customer requirements and continues via the/nplanning, realization, and implementation of customer-specific systems. Each busi-/nness unit is organized into New Business (NB), which delivers new solutions, and/nLife Cycle Services (LCS), which provides after sales services to its customers./nKardex Holding AG is listed on the SIX Swiss Exchange, underlies the Swiss Re-/nporting Standard and the shares are included in the SPI (Swiss Performance Index)./nKardex applies the accounting standard Swiss GAAP FER./nAround 2'700 employees (FTE) in over 30 countries worldwide work for the compa-/nnies of Kardex./nThe group of companies within the scope of consolidation are referred to as ""Kardex"", the ""Group"", or the ""Organization""/nin this report. Kardex Holding AG is referred to as the ""Company""./nKardex at a glance/n5/nBookings increased by 17.4%,/ndriven by higher demand in the/nstandardized system business/nNet revenues increased by 12.6%,/nwith marked improvements in all/nbusiness segments/nEBIT increased by 14.6% and/nreached a new record level with/nEUR 98.4 million/nFree cash flow increased to EUR/n90.7 million mainly due to higher net/nprofit and lower net working capital/nHighlights/nBookings Net revenues/nEBIT Free cash flow/n6/nin EUR million/n01.01. - 31.12. 2024 (%) 2023 (%) (+/-%)/nBookings 791.2 100.0% 673.9 95.9% 17.4%/nOrder backlog (31.12.) 475.5 60.1% 475.9 67.7% -0.1%/nNet revenues 791.2 100.0% 702.9 100.0% 12.6%/nGross profit 276.8 35.0% 235.9 33.6% 17.3%/nOPEX 178.4 22.5% 150.0 21.3% 18.9%/nEBITDA 112.1 14.2% 99.3 14.1% 12.9%/nOperating result (EBIT) 98.4 12.4% 85.9 12.2% 14.6%/nResult for the period (net profit) 80.8 10.2% 66.9 9.5% 20.8%/nFree cash flow 90.7 46.2 96.3%/nROIC 36.1% 37.6%/n31.12.2024 (%) 31.12.2023 (%) (+/-%)/nNet working capital 88.8 102.2 -13.1%/nNet cash1 173.3 119.6 44.9%/nEquity/Equity ratio 284.9 57.7% 240.1 56.9% 18.7%/nEmployees (FTE) 2'678 2'397 11.7%/n2024 (%) 2023 (%) (+/-%)/nDistribution per share (CHF)2 6.00 5.00 20.0%/n1 Definition according Alternative Performance Measures (APM) see note 1 of the consolidated financial statements./n2 2024: Distribution of a dividend as proposed to the Annual General Meeting to be held on 24 April 2025./nBased on Swiss GAAP FER, figures reported in euros unless indicated differently./nKey figures/n7/nThe reporting year was characterized by continued positive demand dynamics for Kardex' in-/ntralogistics solutions, which - combined with Kardex' strong market position - led to good re-/nsults. Although the economic slowdown continued in various industries, Kardex experienced/nan increase in the willingness to invest in Standardized Systems while some hesitation to in-/nvest in Automated Products was observed in the second half of the year. The gross profit mar-/ngin improved due to normalized material costs, partially offset by higher salaries and IT ex-/npenses. Driven by the strong order backlog at the beginning of the year, net revenues in-/ncreased, and profitability remained robust in the upper half of the financial targets range./nDemand for Kardex' intralogistics solutions re-/nmained strong in the reporting year across/nmany business sectors and market regions./nThis is reflected in bookings, which rose by a/nfurther 17.4% from the previous year's result/nto a new record of EUR 791.2 million. Book-/nings in New Business increased by 19.7%,/nwhile bookings in Life Cycle Services rose by/n11.7%. At the end of the reporting period, the/norder backlog stood at EUR 475.5 million,/nmatching the good level of the previous year/n(EUR 475.9 million) but with a shift from Au-/ntomated Products to Standardized Systems./nIn terms of New Business, Kardex Remstar/nsaw a weakening of demand in Europe and a/nslight slowdown in the US, while the Asia-Pa-/ncific region continued to grow. At Kardex/nMlog, the order lead time was noticeably re-/nduced, particularly from the second quarter/nonwards. Also Kardex AS Solutions developed/nvery well throughout the year and bookings/nmore than doubled overall./nThanks to the high level of bookings and the/ncontinuous processing of the substantial order/nbacklog at Kardex Remstar, combined with/nwell-performing Life Cycle Services, net reve-/nnues amounted to EUR 791.2 million. This is/nnot only 12.6% more than in the previous year,/nbut also the highest net revenue ever/nachieved. New Business contributed 73.8%/n(74.2%) to net revenues, while Life Cycle Ser-/nvices accounted for 26.2% (25.8%). On Group/nlevel, higher personnel and IT costs were more/nthan offset by normalized material costs and/nefficiency gains. As a result, gross profit in-/ncreased by 17.3% to EUR 276.8 million. Alt-/nhough operating costs increased due to invest-/nments in R&D, IT, and Marketing, EBIT rose/nby 14.6% to EUR 98.4 million, resulting in an/nEBIT margin of 12.4% (12.2%). This remains/nat the upper middle range of Kardex' financial/ntargets of 10-14%. Net profit amounted to/nEUR 80.8 million, compared with EUR 66.9/nmillion in the previous year. At the year's end,/nKardex employed 2'678 FTEs, up 11.7% over/nlast year./nAutomated Products increased net reve-/nnues to a new record level/nThis repo"