Outlook and objectives

Good prospects for 2016: KUKA expects continuing good demand in line with current economic forecasts, especially from the USA and China. The experts see stable development in Europe. We are also optimistic about our targets for 2016 particularly driven by the general industry segment.

The growth opportunities in general industry is attributable in part to the low penetration rate of robot-based automation in some areas and in part to new robot types and technologies. These make it possible for the efficiency of production stages previously characterized by a low degree of automation to be improved. Automotive customers have already significantly increased investments over the past few years. Demand in 2016 should therefore develop relatively stably or slightly increasing altogether, with positive development in the USA and China.

Anticipated business development at KUKA

Summary Result 2015 Expectation 2016
Sales revenues EUR 2,965.9 million ~ EUR 3.0 billion
EBITDA margin 8.7% declining
EBIT margin 6.6%* / 6.1%*** > 5.5%
Net income for the year EUR 86.3 million rising
Investments** EUR 107.0 million rising
Free cash flow  EUR 95.7 million mid-double-digit million range
Dividend per share EUR 0.50 constant to rising

 *    Before purchase price allocation for Swisslog

**   Excluding financial investments

*** Before purchase price allocation for Swisslog and excluding book profits from the sale of HLS and the Tools and Dies business unit


Definition: rising slightly/declining slightly: absolute change compared to prior year smaller 10 percent

declining/rising: absolute change compared to prior year more than 10 percent


The detailed guidance report of KUKA can be found in the 2015 Annual Report under the “Forecast”.



This document contains forecasts based on assumptions and estimates by the management of KUKA Aktiengesellschaft. Even if the company management is of the opinion that these assumptions and estimates are valid, the actual future development and the actual future results may vary considerably from these assumptions and estimates due to numerous factors. These factors may include, for example, changes in the overall economic situation, exchange rates and interest rates, and changes affecting individual markets. KUKA Aktiengesellschaft provides no guarantee that the future development and the future results actually achieved will correspond to the assumptions and estimates stated here and accepts no liability if they should fail to do so.


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