KUKA AG raises guidance for financial year 2011
KUKA Group's results for the first quarter of 2011 are: orders received of EUR 397.1 million (Q1/2010: EUR 263.8 million), sales of EUR 326.5 million (Q1/2010: EUR 209.1 million), an EBIT of EUR 14.7 million (Q1/2010: EUR -1.7 million) and earnings after taxes of EUR 5.4 million (Q1/2010: EUR -11 million).
May 9, 2011
- Significantly higher orders received, sales and EBIT in Q1/2011
- Outlook for financial year 2011: sales of minimum EUR 1.2 billion and EBIT margin of minimum 5%
Based on the business development in the first quarter of 2011, the Group - provided general conditions remain stable – expects for financial year 2011 overall sales of minimum EUR 1.2 billion and an overall EBIT margin of minimum 5%.
Further details about current business developments will be released in the interim report for the first quarter of the 2011 financial year, to be published on May 11, 2011.
Augsburg, May 9, 2011
The Executive Board