KUKA saw a strong recovery in order intake, but revenues reported a material decline, as did profitability. This higher order uptake was the silver lining of KUKA’s Q3 figures, which were not bad for a capex-driven business. We are aware such contracts could face cancellation however. Interestingly, the order book did not benefit that much from the higher demand for automation. The figures were broadly in-line with our expectations.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
One swallow does not make a summer
- Published:
02 Nov 2020 -
Author:
Martin Schnee -
Pages:
3
KUKA saw a strong recovery in order intake, but revenues reported a material decline, as did profitability. This higher order uptake was the silver lining of KUKA’s Q3 figures, which were not bad for a capex-driven business. We are aware such contracts could face cancellation however. Interestingly, the order book did not benefit that much from the higher demand for automation. The figures were broadly in-line with our expectations.