Kardex Company Profile: History, Structure, Financials, Products and Stock
Updated: 7 days ago
Kardex is a Swiss group that makes automated storage and retrieval systems, with revenue of EUR 850.4 million in 2025 and about 2,900 employees in more than 30 countries. It combines its own storage machines with integration of AutoStore systems. This profile sets out its history, structure, results, products and listing.
Kardex at a Glance
Fact | Detail |
Company | Kardex Holding AG |
Founded | 1977 as Kardex AG; the Kardex name dates back to 1898 |
Headquarters | Zurich, Switzerland |
Employees | About 2,900 |
Revenue | EUR 850.4 million in 2025 |
Order backlog | EUR 727.2 million at mid-2026 |
Stock listing | SIX Swiss Exchange, since 1989 |
Market capitalization | About USD 2.2 billion in October 2026 |
Chief Executive Officer | Jens Hardenacke |
Chief Financial Officer | Thomas Reist |
Company History
The Kardex name goes back to 1898, when James H. Rand founded the Rand Ledger Company to make a visible index card system. Through a series of mergers the business became part of Remington Rand, where Kardex was a division and brand. The modern company dates from 1977, when Kardex AG was founded, and it listed on the Swiss exchange in 1989.
Key milestones
1898: Rand Ledger Company founded.
1977: Kardex AG founded.
1981: Remstar established in the United States.
1989: Listing on the SIX Swiss Exchange.
2010: MLOG Logistics acquired.
2020: Stake taken in Rocket Solution.
2021: First factory outside Germany opens in West Columbia, South Carolina; Kardex becomes a global AutoStore partner.
2025: Controlling majority acquired in Rocket Solution.
Structure
Business | 2025 revenue | Description |
Kardex Remstar | EUR 572.8 million | Automated storage and retrieval systems for small-sized inventory, with about 2,200 employees and factories in Germany and South Carolina |
Kardex AS Solutions | EUR 162.6 million | Planning, distribution and installation of AutoStore systems, with about 230 employees |
Kardex Mlog | EUR 115.9 million | Integrated material handling systems and high-bay warehouses up to 45 meters high, based in Neuenstadt am Kocher, Germany |
The group also offers Rocket Shuttles, standardized storage vehicles from Rocket Solution.
Financial Performance
Item | First half of 2026 | Change |
Bookings | EUR 571.5 million | +25.8% |
Net revenue | EUR 440.5 million | +6% |
EBIT | EUR 30.1 million | -38.4% |
EBIT margin | 6.8% | |
Net profit | EUR 22.3 million | -38.2% |
Order backlog | EUR 727.2 million | +41.8% |
Orders and revenue grew in the first half of 2026 but profit fell sharply. Management attributed the drop to a temporary underperformance in its Automated Products segment, caused by underused production capacity, higher costs for a new ERP system and continued investment in sales, IT and development. Revenue in Automated Products fell 11.1% while Standardized Systems grew 42.6%. For the full year Kardex expects order and revenue growth of 15% to 20% and an EBIT margin of 8% to 10%.
Leadership
Name | Role |
Jens Hardenacke | Chief Executive Officer |
Thomas Reist | Chief Financial Officer |
Stock Information
Item | Detail |
Listing | SIX Swiss Exchange |
Market capitalization | About USD 2.2 billion in October 2026 |
Share price | Equivalent to about USD 288 |
One-year change | Down about 24% |
Note: share prices are indicative figures as of early October 2026 and change daily. This section is general information, not investment advice.
Strengths and Challenges
Strengths
A record order backlog.
Its own storage machines combined with AutoStore integration.
Fast growth in standardized systems.
Challenges
A sharp fall in profit in the first half of 2026.
Underused capacity in its own production.
A share price down by about a quarter in a year.
Current Catalogue Coverage
Catalogue checked on 15 October 2026: 6 associated product records. The links below are representative entries, rather than a claim that every historical model is currently available.
Kardex FAQ
Is Kardex publicly traded?
Yes, on the SIX Swiss Exchange, where it has been listed since 1989.
Where is Kardex based?
In Zurich, Switzerland.
What does Kardex make?
Automated storage and retrieval systems, high-bay warehouses and material handling systems, and it integrates AutoStore systems.
How big is Kardex?
Revenue was EUR 850.4 million in 2025, with about 2,900 employees.
Who is the CEO of Kardex?
Jens Hardenacke.
Sources
VZ: Kardex half-year 2026 results
Wikipedia: Kardex Group
