KUKA increases revenues to record level and invests in further growth

Orders received up to €3.6 billion (+5.6%)

2018. február 15., csütörtök, 08:12

Címkék: automation KUKA Robotics robot robot technology

KUKA Group completed the 2017 financial year successfully and was able to surpass the previous year’s results by a considerable margin in some cases. “We continued to profit from the digitization trend over the past year. The demand for intelligent automation solutions remains strong,” states Dr. Till Reuter, CEO of KUKA AG. “At the same time, we have had to set the right course for a successful future. To a significant extent, our success is founded on our investments – in key technologies and innovative products for Industrie 4.0, in partnerships, in new business segments such as consumer robotics, and in the growth market of China,” he stressed.

KUKA continued to profit from the strong global demand for robots and automation solutions. In detail, KUKA Group ended the 2017 financial year as follows (preliminary figures):

The provisional volume of orders received reached a new record value of €3,614.3 million in the past financial year. Compared with the result for the previous year, this represents growth of 5.6% (2016: €3,422.3 million). This means that KUKA has now topped the previous year’s value for the fourth time running. The increase was attributable above all to the expansion in general industry. The Robotics division saw a 12.4% increase in orders received to €1,223.3 million (2016: €1,088.8 million). The general industry segment saw particularly strong growth of 28.6%, followed by the service segment with 11.4%. Meanwhile, the automotive sector registered a slight decline at €426.4 million (2016: €442.4 million). Orders received at Systems totaled €1,530.2 million. This corresponds to a decrease of 7.0% on the previous year’s result of €1,644.6 million. The reason for this is that it was not possible to compensate for the orders previously received in the divested aerospace business segment. Furthermore, orders received in the Systems division fluctuate greatly depending on the time at which major contracts are awarded. The Swisslog division generated orders received totaling €926.2 million (2016: €742.6 million). This is a gain of 24.7%.

In the 2017 financial year, provisional sales revenues of KUKA Group rose by 18.0% to €3,479.1 million (2016: €2,948.9 million). The Robotics division achieved sales revenues of €1,200.6 million. The revenues thus topped the billion euro mark for the first time. Compared with the previous year, this represents an increase of 20.8%. Sales revenues of the Systems division climbed 13.2% to €1,579.2 million (2016: €1,395.5 million). The Swisslog division generated sales revenues of €763.7 million, corresponding to a plus of 28.7%.

The book-to-bill ratio, i.e. orders received in relation to sales revenues, was 1.04 at Group level in the 2017 financial year. Values above 1 are an indicator of further growth potential in 2018.

The provisional order backlog in the past financial year totaled €2,157.9 million (2016: €2,048.9 million), signaling continued growth in 2018.

Before depreciation for purchase price allocations and before growth investment, KUKA Group generated earnings before interest and taxes (EBIT) of €148.3 million (2016: €138.0 million). This corresponds to an EBIT margin of 4.3% (2016: 4.7%).

The EBIT of Robotics was €133.1 million (2016: €100.7 million), representing a considerable increase of 32.2%. The EBIT margin stood at 11.1% (2016: 10.1%). At Systems, EBIT fell by 80.5% to €17.8 million (2016: €91.3 million). The EBIT margin stood at 1.1% (2016: 6.5%). This is attributable to impacts on earnings in the order of around €40 million in the 2017 financial year in connection with individual projects and also measures for increasing profitability at KUKA Systems GmbH. The Swisslog division achieved an EBIT of €10.4 million (2016: €4.8 million) and an EBIT margin of 1.4% (2016: 0.8%). Before the depreciation on the purchase price allocation, Swisslog achieved an EBIT of €22.2 million in 2017 (margin: 2.9%) after €15.6 million in 2016 (margin: 2.6%).

The number of employees in KUKA Group as at December 31, 2017 was up yearon-year from 13,188 to 14,256. Robotics saw a 6.0% increase to 5,010 employees (2016: 4,726). The workforce at Systems rose by 5.2% to 5,459 (2016: 5,189). Swisslog recorded the largest increase with a rise of 8.4% to 2,904 employees (2016: 2,679).

www.kuka.com

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