KUKA results – a proxy for the robots industry? Although we do not follow KUKA due to the shareholding structure (94.55% owned by Midea) and the low liquidity, we try to read across the development in the robots industry. In the first quarter, we discovered that the company is not really a proxy for the industry. In Q1 18, revenues declined 6.9% to €900.2m and order intake dropped 5.9% to €744.5m. Adjusted EBITDA including ppa and restructuring expenses of €5.2m declined
27 Apr 2018
Losing traction!
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Losing traction!
- Published:
27 Apr 2018 -
Author:
Heinz Steffen -
Pages:
3
KUKA results – a proxy for the robots industry? Although we do not follow KUKA due to the shareholding structure (94.55% owned by Midea) and the low liquidity, we try to read across the development in the robots industry. In the first quarter, we discovered that the company is not really a proxy for the industry. In Q1 18, revenues declined 6.9% to €900.2m and order intake dropped 5.9% to €744.5m. Adjusted EBITDA including ppa and restructuring expenses of €5.2m declined