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 second quarter, we saw a continuation of Q1’s trend and some acceleration in the decline qoq. In Q2, revenues clearly declined 15.4% to €852.7m and the order intake dropped 4.7% to €960.2m. Adjusted EBITDA including PPA and restructuring expenses of €3.7m came in at €77.2m (€63.6m) an
06 Aug 2018
Still lacking traction
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Still lacking traction
- Published:
06 Aug 2018 -
Author:
Heinz Steffen -
Pages:
3
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 second quarter, we saw a continuation of Q1’s trend and some acceleration in the decline qoq. In Q2, revenues clearly declined 15.4% to €852.7m and the order intake dropped 4.7% to €960.2m. Adjusted EBITDA including PPA and restructuring expenses of €3.7m came in at €77.2m (€63.6m) an