AUGSBURG (dpa-AFX) - KUKA Group (KUKAY.PK, KUKAF.PK) reported second quarter orders received of approximately 890 million euros according to preliminary figures, significantly surpassing expectations.
KUKA reported that extraordinary expenses in connection with the takeover by MECCA/Midea impact earnings in 2016.
In the 2016 financial year, the Executive Board is anticipating an impact on the earnings before interest and taxes (EBIT) of around 30 million euros , of which approximately 21 million euros must already be taken into account as of June 30, 2016.
KUKA still expects 2016 sales revenues in excess of 3.0 billion euros and an EBIT margin of more than 5.5% before purchase price allocation for Swisslog, though now also before extraordinary expenses amounting to around 30 million euros .
Copyright RTT News/dpa-AFX