Kardex AG, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Constantin Hesse from Jefferies maintained a Buy rating on the stock and has a CHF300.00 price target.
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Constantin Hesse’s rating is based on Kardex AG’s impressive performance in the first half of 2025, where the company exceeded expectations in several key areas. The company reported a significant increase in orders, sales, EBIT, and net income, with orders rising by 9% and sales, EBIT, and net income increasing by 5%, 7%, and 6%, respectively. This strong performance was driven by accelerated growth in Kardex Remstar and sustained momentum in AutoStore, alongside a recovery in Kardex Mlog as decision-making delays improved.
Looking ahead, Kardex AG anticipates a robust second half of 2025, supported by a strong sales pipeline and improved decision-making for larger projects. Although free cash flow was lower compared to the previous year due to working capital and higher investments, the company’s outlook remains positive. This optimism is expected to sustain the recent rally in the stock, justifying the Buy rating assigned by Constantin Hesse.