Preliminary results for 2017

KUKA increases revenues to record level and invests in further growth

February 15, 2018

  • Orders received up to €3.6 billion (+5.6%)

  • Sales revenues up substantially by 18.0% to €3.5 billion

  • Order backlog of €2.2 billion (+5.3%) at year-end, signaling continued growth in 2018

  • EBIT before purchase price allocations and before growth investments at €148.3 million (EBIT margin: 4.3%) after €138.0 million in 2016 (EBIT margin: 4.7%)

 

Augsburg, February 15, 2018 – KUKA Group completed the 2017 financial year successfully and was able to surpass the previous year’s results by a considerable margin in some cases. “We continued to profit from the digitization trend over the past year. The demand for intelligent automation solutions remains strong,” states Dr. Till Reuter, CEO of KUKA AG. “At the same time, we have had to set the right course for a successful future. To a significant extent, our success is founded on our investments – in key technologies and innovative products for Industrie 4.0, in partnerships, in new business segments such as consumer robotics, and in the growth market of China,” he stressed.

KUKA continued to profit from the strong global demand for robots and automation solutions. In detail, KUKA Group ended the 2017 financial year as follows (preliminary figures):

The provisional volume of orders received reached a new record value of €3,614.3 million in the past financial year. Compared with the result for the previous year, this represents growth of 5.6% (2016: €3,422.3 million). This means that KUKA has now topped the previous year’s value for the fourth time running. The increase was attributable above all to the expansion in general industry. The Robotics division saw a 12.4% increase in orders received to €1,223.3 million (2016: €1,088.8 million). The general industry segment saw particularly strong growth of 28.6%, followed by the service segment with 11.4%. Meanwhile, the automotive sector registered a slight decline at €426.4 million (2016: €442.4 million). Orders received at Systems totaled €1,530.2 million. This corresponds to a decrease of 7.0% on the previous year’s result of €1,644.6 million. The reason for this is that it was not possible to compensate for the orders previously received in the divested aerospace business segment. Furthermore, orders received in the Systems division fluctuate greatly depending on the time at which major contracts are awarded. The Swisslog division generated orders received totaling €926.2 million (2016: €742.6 million). This is a gain of 24.7%.

In the 2017 financial year, provisional sales revenues of KUKA Group rose by 18.0% to €3,479.1 million (2016: €2,948.9 million). The Robotics division achieved sales revenues of €1,200.6 million. The revenues thus topped the billion euro mark for the first time. Compared with the previous year, this represents an increase of 20.8%. Sales revenues of the Systems division climbed 13.2% to €1,579.2 million (2016: €1,395.5 million). The Swisslog division generated sales revenues of €763.7 million, corresponding to a plus of 28.7%.

The book-to-bill ratio, i.e. orders received in relation to sales revenues, was 1.04 at Group level in the 2017 financial year. Values above 1 are an indicator of further growth potential in 2018.

The provisional order backlog in the past financial year totaled €2,157.9 million (2016: €2,048.9 million), signaling continued growth in 2018.

Before depreciation for purchase price allocations and before growth investment, KUKA Group generated earnings before interest and taxes (EBIT) of €148.3 million (2016: €138.0 million). This corresponds to an EBIT margin of 4.3% (2016: 4.7%).

The EBIT of Robotics was €133.1 million (2016: €100.7 million), representing a considerable increase of 32.2%. The EBIT margin stood at 11.1% (2016: 10.1%). At Systems, EBIT fell by 80.5% to €17.8 million (2016: €91.3 million). The EBIT margin stood at 1.1% (2016: 6.5%). This is attributable to impacts on earnings in the order of around €40 million in the 2017 financial year in connection with individual projects and also measures for increasing profitability at KUKA Systems GmbH. The Swisslog division achieved an EBIT of €10.4 million (2016: €4.8 million) and an EBIT margin of 1.4% (2016: 0.8%). Before the depreciation on the purchase price allocation, Swisslog achieved an EBIT of €22.2 million in 2017 (margin: 2.9%) after €15.6 million in 2016 (margin: 2.6%).

The number of employees in KUKA Group as at December 31, 2017 was up year-on-year from 13,188 to 14,256. Robotics saw a 6.0% increase to 5,010 employees (2016: 4,726). The workforce at Systems rose by 5.2% to 5,459 (2016: 5,189). Swisslog recorded the largest increase with a rise of 8.4% to 2,904 employees (2016: 2,679).

 
This press release contains the preliminary figures. The complete 2017 financial statements and the outlook for 2018 will be presented at the financial results press conference on March 22, 2018 in Augsburg.
Guidance 2017 Preliminary key figures 2017
Sales ~ 3.1 billion €3.5 billion
EBIT-Margin > 5.5%* 4.3%*
* Before purchase price allocations and before growth investments.

Key Figures KUKA Group

EUR million 2016 2017 Change
Orders received 3,422.3 3,614.3 5.6%
Order backlog (Dec. 31) 2,048.9 2,157.9
5.3%
Sales revenues 2,948.9 3,479.1
18.0%
Earnings before interest and taxes (EBIT) 127.2 102.7
-19.3%

in % of sales revenues

4.3% 3.0%
-
Earnings before interest and taxes (EBIT)*
138.0
148.3
7.5%

in % of sales revenues

4.7%  4.3%
-
EBITDA 205.3
180.2
-12.2%

in % of sales revenues

7.0%
5.2%
-
Employees (Dec. 31)** 13,188
14,256
8.1%
* Before PPA (2017: 13.7 Mio.; 2016: 10.8 Mio.) and before one-off effects of growth investments in 2017 (2017: 31.9 Mio.; 2016: -)
**Employees including apprentices, excluding temporary workers
EUR million 4th Quarter 2016 4th Quarter 2017
Change
Orders received 794.9
835.1 5.1%
Sales revenues 904.8
882.0 -2.5%
Earnings before interest and taxes (EBIT) 44.6 -8.0 >-100%

in % of sales revenues

4.9%
-0.9% -
 Earnings before interest and taxes (EBIT)* 47.2
9.0
-80.9%

in % of sales revenues

5.2%
1.0%
-
EBITDA 67.1 14.0
-79.1%

in % of sales revenues

7.4%
1.6%
-
* Before PPA (2017: €6.4 Mio.; 2016: €2.6 Mio.) and before one-off effects of growth investments in 2017 (2017: €10.6 Mio.; 2016: -)

Key Figures KUKA Robotics

EUR million 2016 2017 Change
Orders received 1,088.8 1,233.3 12.4%
Order backlog (Dec. 31) 316.1 331.2
4.8%
Sales revenues 993.5 1200.6
20.8%
Earnings before interest and taxes (EBIT)  100.7 133.1
32.2%

in % of sales revenues

10.1% 11.1%
-
EBITDA 123.2
157.2
27.6%

in % of sales revenues

12.4%
13.1%
-
Employees (Dec. 31) 4,726
5,010
6.0%
EUR million 4th Quarter 2016 4th Quarter 2017 Change
Orders received 307.8
277.0
-10.0%
Sales revenues 324.5 305.3
-5.9%
Earnings before interest and taxes (EBIT) 33.4 35.9
7.5%

in % of sales revenues

10.3% 11.8%
-
EBITDA 39.6 42.1
6.3%

in % of sales revenues

12.2%
13.8%
-
EUR million 2016 2017 Change
Automotive 442.4 426.4
-3.6%
General Industry 444.7
572.1
28.6%
Service 201.8
224.8
11.4%
Total orders received 1,088.9  1,223.3
12.4%

 

EUR million 4th Quarter 2016 4th Quarter 2017 Change
Automotive 128.1 94.6
-26.2% 
General Industry 127.4 126.2
-0.9%
Service 52.4 56.2
7.3%
Total orders received 307.9 277.0
-10.0%

Key Figures KUKA Systems

EUR million 2016 2017 Change
Orders received 1,644.6
1,530.2
-7.0%
Order backlog (Dec. 31) 1,139.3
1,073.4
-5.8%
Sales revenues 1,395.5
1,579.2
13.2%
Earnings before interest and taxes (EBIT)  91.3
17.8
-80.5%

in % of sales revenues

6.5%
1.1%
-
EBITDA 113.5
34.5
-69.6%

in % of sales revenues

8.1%
2.2%
-
Employees (Dec. 31) 5,189
5,459
5.2%

 

EUR million 4th Quarter 2016 4th Quarter 2017 Change
Orders received 292.9
344.2
17.5%
Sales revenues 421.9
369.6
-12.4%
Earnings before interest and taxes (EBIT) 26.6
-37.3 >-100%

in % of sales revenues

6.3%
-10.1%
-
EBITDA 34.3
-33.6  >-100%

in % of sales revenues

8.1%
-9.1%
-

Key Figures Swisslog

EUR million 2016  2017 Change
Orders received 742.6 926.2
24.7%
Order backlog (Dec. 31) 624.7
768.3  23.0%
Sales revenues 593.5
763.7
28.7%
Earnings before interest and taxes (EBIT) 4.8 10.4
>100

in % of sales revenues

0.8%
1.4%
-
EBITDA 28.2
36.8
30.5%

in % of sales revenues

4.8%
4.8%
-
Employees (Dec. 31) 2,679
2,904
8.4%
EUR million 4th Quarter 2016 4th Quarter 2017 Change
Orders received 207.4 226.0
9.0%
Sales revenues 170.1
233.8
37.4%
Earnings before interest and taxes (EBIT) 4.1
8.2
100%

in % of sales revenues

2.4%
3.5%
-
EBITDA 10.3 16.4
59.2%

in % of sales revenues

6.1%
7.0%
-

Download news

We use cookies to offer you the best service online, as well. More under Privacy Policy.

OK