KUKA AG raises guidance
KUKA Group's preliminary results for the first half of 2010 were: orders received of about EUR 548 million (H1/09: EUR 466.9 million), sales of around EUR 480 million (H1/09: EUR 437.7 million) and a positive EBIT of about EUR 5 million (H1/09: EUR -22.8 million)
28 July 2010
- Significantly higher orders received and sales lead to strongly improved business results in Q2/10
- 2010 sales should surpass EUR 1 billion threshold
- EBIT between EUR 20 and 30 million before restructuring expenses expected
KUKA Group's preliminary results for the first half of 2010 were: orders received of about EUR 548 million (H1/09: EUR 466.9 million), sales of around EUR 480 million (H1/09: EUR 437.7 million) and a positive EBIT of about EUR 5 million (H1/09: EUR -22.8 million).The Robotics division's growth was particularly strong.
Based on the business development in the first half of 2010, the Group is expecting to surpass the threshold of EUR 1 billion in sales in 2010 overall, provided general conditions remain stable. As a result, EBIT is expected to come in at between EUR 20 and 30 million, although currently it is estimated that restructuring expenses of about EUR 10 million will have to be deducted from this result.
Further details about current business developments will be released in the interim report for the first half of the 2010 financial year, to be published on August 3, 2010.
Augsburg, July 28, 2010
KUKA Aktiengesellschaft
The Executive Board