Adjustment of Guidance for Fiscal Year 2017
After a comprehensive project review for 2017, the Executive Board of KUKA Aktiengesellschaft has adjusted the Guidance for the Fiscal Year 2017.
19 January, 2018
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
Yesterday, the Executive Board of KUKA Aktiengesellschaft conducted a comprehensive project review for 2017 and observed that developments in some projects of the KUKA Systems division as well as measures to improve the profitability of KUKA Systems GmbH will have negative effects on the earnings at around € 40 million in fiscal year 2017.
Hence, KUKA lowers its guidance for the EBIT-margin (before purchase price allocations and growth investments) from the communicated 5.5% to approximately 4.3%. The guidance for the sales revenues will be raised to approximately € 3.45 billion (this corresponds to an increase of 17% compared to the sales revenues in fiscal year 2016 of approximately 2.95 billion).
Augsburg, January 19, 2018
The Executive Board