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KUKA: Adjustment of Guidance for Fiscal Year 2018

source：KUKA

  release：Johnny

keywords： Executive Board, KUKA

Time：2018-11-23

On October 28, 2018, the Executive Board decided in the context of the preparation of the financial statements Q3/2018 to adjust the Guidance for Fiscal Year 2018 (sales revenues > € 3.5 billion and EBIT-margin of approximately 5.5% before purchase price allocation, growth investments and reorganization costs) since the company is being affected by a slowdown in the automotive industry as well as some uncertainties in the Chinese automation market.

According to current estimates, KUKA lowers its guidance for the sales revenues 2018 to approximately € 3.3 billion and the EBIT-margin 2018 to approximately 4.5% before purchase price allocation, growth investments and reorganization costs.