Due to the takeover by Midea, KUKA reported additional costs of around €30m, of which €21m will be booked in the second quarter. The Q2 16 results are due to be published on 3 August. We expect real EBIT to plummet by 42.9% to around €22.8m. The EBIT margin will reach 3%. According to management, order intake reached a record level of €890m (estimate: €693m). We are not quite sure which division reported this strong order increase.
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Profit warning ahead!
- Published:
22 Jul 2016 -
Author:
Heinz Steffen -
Pages:
2
Due to the takeover by Midea, KUKA reported additional costs of around €30m, of which €21m will be booked in the second quarter. The Q2 16 results are due to be published on 3 August. We expect real EBIT to plummet by 42.9% to around €22.8m. The EBIT margin will reach 3%. According to management, order intake reached a record level of €890m (estimate: €693m). We are not quite sure which division reported this strong order increase.