AUGSBURG (dpa-AFX) - Kuka Group (KUKAY.PK, KUKAF.PK), a manufacturer of robotics and automation solutions, reported Thursday that its first-quarter earnings after taxes climbed 27.3% to 26.6 million euros from last year's 20.9 million euros. Earnings per share grew 24.1 percent to 0.67 euros from 0.54 euros last year.
EBIT increased 17.5 percent, while EBIT margin fell to 4.7% from 5 percent last year.
KUKA Group generated sales revenues totaling 790.8 million euros, 25.7 percent higher than 629.1 million euros a year ago. All business divisions contributed to this good result. Robotics registered an increase of 29.3%, Systems 26.3% and Swisslog 17.1%.
KUKA said it has started the new financial year with strong volume of orders received and continues on course of growth.
Orders received increase by nearly 30% to 967.3 million euros.
Further, the company said it continues to expects fiscal 2017 sales revenues of about 3.1 billion euros and EBIT margin of more than 5.5% before purchase price allocation for Swisslog and before growth investment.
Copyright RTT News/dpa-AFX