DGAP-Adhoc: KUKA Aktiengesellschaft: Adjustment of Guidance for Fiscal Year 2018
10.01.2019 (www.4investors.de) -
DGAP-Ad-hoc: KUKA Aktiengesellschaft / Key word(s): Forecast
KUKA Aktiengesellschaft: Adjustment of Guidance for Fiscal Year 2018
10-Jan-2019 / 21:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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
Adjustment of Guidance for Fiscal Year 2018
On January 10, 2019, the Executive Board decided in the context of the preparation of the financial statements 2018 to re-adjust the Guidance communicated in October 2018 for Fiscal Year 2018 (sales revenues of approximately EUR 3.3 billion and EBIT-margin of approximately 4.5% before purchase price allocation, growth investments and reorganization costs). The reasons are primarily that the company is being affected by a stronger slowdown in the automotive and electronic industry in the fourth quarter 2018, ongoing uncertainties in the Chinese automation market and negative impacts from the project business.
According to current estimates, KUKA lowers its guidance for the sales revenues 2018 to approximately EUR 3.2 billion and the EBIT-margin 2018 to approximately 3.0% before purchase price allocation, growth investments and reorganization costs.
Augsburg, January 10, 2019
The Executive Board
phone: +49 821 7975-481
fax: +49 821 7975-213
10-Jan-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Postfach 43 12 69
+49 (0)821 797 - 0
+49 (0)821 7975 - 333
Regulated Market in Frankfurt (Prime Standard), Munich
End of Announcement
DGAP News Service
765231 10-Jan-2019 CET/CEST