Kardex (KARN) Investor Day 2025 summary

Strategic focus and business developments

• Expanding into healthcare, especially hospital logistics, with tailored automation solutions to address efficiency and patient care challenges in hospitals across Europe and the Nordics.

• Centralized storage and automated systems reduce space needs by up to 90%, lower stock levels, and free up staff for patient care.

• Innovations include vertical lift modules (VLM), AutoStore, and new features like Kardex Pick AI and SnapVac for improved accuracy, hygiene, and automation.

• Realized projects in major hospitals (Zurich, Leuven, Karlstad, Kolding, Finland) demonstrate scalable, modular solutions for supplies and bed management.

• Solutions help reduce healthcare-associated infections by automating workflows and improving traceability.

Financial guidance and targets

• Group net revenue target of EUR 1.5 billion by 2029–2031, with a CAGR of 10–14%.

• EBIT margin targets: 14–17% for automated products, 5–8% for standardized systems, and 10–14% for the group.

• ROIC target above 25% and a dividend payout ratio of up to 75% of operational net profit.

• Net debt/EBITDA to remain below 2.5x over the cycle.

Transformation and growth strategy

• Ongoing transformation to a more customer-centric, global organization while maintaining three business units.

• Launch of Rocket for light goods expands the addressable market and strengthens competitive positioning.

• Increased investments in sales, R&D, and IT to drive profitable growth and digitalization.

• ERP rollout and process digitalization initiatives are underway to support scalability.