Full Year 2021 Kardex Holding AG Earnings Call Transcript
Yes. Hello, everybody. Good afternoon. Good morning in the United States. Good night in Asia. It's nice to have you all in the call today. We have, as usual, you might have find all the documents and the presentations on our website or the ones who are in the webcast, they have it in front of you. We have with us Thomas Reist, CFO; and Jens Fankhanel, CEO. So, let's start with our presentation. Please, Thomas, can I hand over to you?
Yes. Thank you. Hello to everyone. I would like, as always, start with highlights and key achievements of 2021. If you look at the figures then the bookings grew very strongly. This has 2 main reasons, one is the catch-up effect of the investments of COVID-19 crisis and also that we see recurring trends in automation in the intralogistics.
On the other hand, net revenues, the growth pace was not as fast as on the booking level, mainly due to the shortages in the supply chain. Resulting backlog there is very strong currently. At the very
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