Adjustment of Guidance for Fiscal Year 2019
24 September 2019
Zugspitzstrasse 140, 86165 Augsburg
- ISIN DE0006204407-
Listed on the following German stock exchanges:
Frankfurt am Main and Munich
Market segment: Prime Standard
Disclosure of Inside Information in accordance with Article 17 MAR
On September 24, 2019, the Executive Board decided to adjust its previous 2019 full-year guidance (sales revenues of approximately € 3.3 billion and EBIT-margin of approximately 3.5% before final evaluation of ongoing reorganization expenditure). The global economic slowdown has a negative impact on the business development of the company, in particular in its focus markets Automotive and Electronics. This concerns mainly the regions Europe and China. In addition, the company foresees further exposures from ongoing contracts and the need to restructure a part of a division. These effects will impact the expected sales revenues and the expected results for the Fiscal Year 2019.
According to current estimates, KUKA now expects a sales revenue of approximately € 3.2 billion and an EBIT-margin including all reorganization expenditures that should be above prior-year level of 1.1%.
Augsburg, September 24, 2019
The Executive Board