- Huge demand for automation: KUKA records 36.7% more orders and 17.4% more sales between January and September.
- Group EBIT rises considerably by around 78% to €80.9 million.
- All KUKA divisions post double-digit growth in orders received and sales.
- KUKA raises guidance for 2022 for orders received and sales revenues.
- Global supply bottlenecks, price increases and other uncertainties lead to a difficult business environment.
More and more customers worldwide are turning to automation with KUKA: the Augsburg-based technology company posted double-digit growth in sales and EBIT as well as a record volume of orders received in the first nine months of 2022. KUKA is therefore increasing its guidance for 2022 for order intake and sales revenues.
Orders received by the Group in the first nine months of 2022 rose by 36.7% to nearly €3.7 billion while sales increased by 17.4% to just under €2.8 billion. This also includes FX effects, which had a positive impact on the development. For both indicators, the figures for the full year 2021 have thus already been exceeded after nine months. The book-to-bill ratio improved to 1.33 in the first nine months of 2022 (9M/21: 1.14). Earnings before interest and taxes (EBIT) of €80.9 million were far higher than the previous year’s figure of €45.5 million, and the EBIT margin rose to 2.9% (9M/21: 1.9%).
Companies from a wide range of industries invested in robot-based automation and logistics solutions as well as in state-of-the-art production systems from KUKA. For example, robots grind knives, stack milk crates in cold storage warehouses or screw on washing machine doors. Demand was particularly high in Asia and North America, as well as in the e-mobility, consumer goods and retail sectors. In China alone, the volume of orders received by KUKA nearly doubled compared with the same period of the previous year. However, due to global uncertainties, KUKA expects the economic environment to become more difficult.
Technologies in demand in difficult times
KUKA, too, is feeling the effects of global crises. Rising costs and supply bottlenecks, as well as the indirect impact on global markets of the war of aggression against Ukraine, weighed on earnings in the first nine months of 2022 and were reflected in the EBIT in some divisions, which would otherwise have been even higher.
“These challenges will remain with us for some time,” stated Peter Mohnen. “However, despite these difficulties, it is clear that KUKA offers the right solutions for major developments such as the reshoring of production, in other words relocation back to the home region, coping with the skills shortage, or the global desire of customers to make their own processes more flexible and resilient.”
The latest figures from the International Federation of Robotics (IFR) also confirm this trend: For example, more than 517,000 new industrial robots were installed in factories worldwide in 2021, 31% more than in the previous year. China, in particular, recorded high growth rates, with the number of robots shipped increasing by 51%. The stock of operational robots around the globe reached a new record of around 3.5 million units.
The complete KUKA report for the first nine months of 2022 can be found here.