Adjustment of Guidance for Fiscal Year 2018
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.
29 October, 2018
KUKA Aktiengesellschaft
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 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.
Augsburg, October 29, 2018
KUKA Aktiengesellschaft
The Executive Board
