Outlook and objectives

Prospects for 2017: Given the current economic forecasts and general conditions, KUKA anticipates high demand in fiscal 2017, particularly from China and North America. A slight increase in demand is expected in Europe as a whole. From a sector perspective, a positive development is predicted for the general industry market. Demand in the automotive industry is expected to remain stable, now that customer investments have already risen considerably in recent year, with positive stimulus in the USA and China.

Anticipated business development at KUKA

Summary Result 2016 Outlook 2017
Sales revenues EUR 2,948.9 million* ~ EUR 3.1 billion
EBITDA margin 7.0% virtually stable
EBIT margin 5.6%** > 5.5%***
Net income for the year EUR 86.2 million virtually stable
Investments**** EUR 99.6 million rising
Free cash flow  EUR -106.8 million rising
Dividend per share EUR 0.50 constant to rising

 *    Including the divested Systems aerospace business segment in the USA (~€100 million)

**   Before purchase price allocation for Swisslog (€10.8 million) and before extraordinary expenses relating to the takeover by Midea (€28.0 million)

*** Before purchase price allocation for Swisslog and growth investments in the future (e.g. industrie 4.0)
**** Before financial investments


Definition: rising slightly/ declining slightly: absolute change compared to prior year <10%
declining/ rising: absolute change compared to prior year >10%
virtually stable: absolute change compared to prior year 0-5% or 50 basis point


The detailed guidance report of KUKA can be found in the 2017 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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