Put companies on watchlist
KUKA Aktiengesellschaft
ISIN: DE0006204407
WKN: 620440
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

KUKA Aktiengesellschaft · ISIN: DE0006204407 · EQS - adhoc news (6 News)
Country: Germany · Primary market: Germany · EQS NID: 1156964
22 December 2020 02:09PM

KUKA Aktiengesellschaft: Outlook Update for Fiscal Year 2020


DGAP-Ad-hoc: KUKA Aktiengesellschaft / Key word(s): Forecast/Change in Forecast
KUKA Aktiengesellschaft: Outlook Update for Fiscal Year 2020

22-Dec-2020 / 14:09 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.


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


Outlook Update for Fiscal Year 2020

On December 22, 2020, the Management Board decided in the context of the preparation of the financial statements 2020 to specify the published expectations of the business development for Fiscal Year 2020, i.e. a clear decrease in revenues and a negative EBIT margin resulting from the global COVID-19 pandemic (last Quarterly Statement Q3/2020 as of October 29, 2020). From the Management Board's perspective, it now becomes apparent that the KUKA figures for the complete Fiscal Year 2020 are significantly impacted by the global COVID-19 pandemic, even though there was a certain recovery in the second half of 2020 (in particular in the months from August to November). Nevertheless, the overall EBIT for the Fiscal Year 2020 will be negative since it will be affected by further necessary reorganization measures for which an accrual has to be booked in December 2020 in a lower- to mid-double digit million-euro amount. For Fiscal Year 2021, the Management Board expects that the economic recovery will continue; compared to Fiscal Year 2020, higher revenues and a positive EBIT is expected.

According to current estimates, KUKA expects for Fiscal Year 2020 sales revenues in the amount of around € 2.6 billion (previous year: around € 3.2 billion) and an EBIT margin between - 4.1% to - 4.6% (previous year: 1.5%), which equals an EBIT in the range of € - 108 million to € - 118 million. Despite of the challenging economic environment, a positive Free Cashflow in the range of € 30 million to € 40 million is expected for fiscal Year 2020 (previous year: € 20.7 million).

Augsburg, December 22, 2020

KUKA Aktiengesellschaft

The Management Board


Contact:
Kerstin Heinrich
phone: +49 821 7975-481
fax: +49 821 7975-213
e-mail: kerstin.heinrich@kuka.com

22-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: KUKA Aktiengesellschaft
Postfach 43 12 69
86072 Augsburg
Germany
Phone: +49 (0)821 797 - 0
Fax: +49 (0)821 7975 - 333
E-mail: IR@kuka.com
Internet: www.kuka.com
ISIN: DE0006204407
WKN: 620440
Listed: Regulated Market in Frankfurt (Prime Standard), Munich
EQS News ID: 1156964

 
End of Announcement DGAP News Service

1156964  22-Dec-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1156964&application_name=news&site_id=boersengefluester_html

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.