DGAP-Adhoc: KUKA Aktiengesellschaft: Extraordinary charges weakened results of the second quarter 2009

KUKA Aktiengesellschaft / Quarter Results/Forecast

20.07.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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KUKA Aktiengesellschaft 

Zugspitzstrasse 140, 86165 Augsburg

- ISIN DE0006204407-

Listed on the following German stock exchanges:

Frankfurt, Berlin, Düsseldorf,

Hamburg, Hanover, Munich,

Stuttgart

Market segment: Prime Standard

Ad hoc disclosure in accordance with section 15 of the WpHG 
(Wertpapierhandelsgesetz - German Securities Trading Act)

Extraordinary charges weakened results of the second quarter 2009 

KUKA's preliminary numbers for the second quarter 2009 indicate EBIT came
in at EUR -23 million and earnings after taxes at EUR -34 million.

EBIT was impacted by extraordinary accruals related to restructuring
foreign subsidiaries totaling EUR -13 million and by declining sales
revenues associated with the difficult market situation totaling EUR -4
million.

Earnings after taxes were impacted when tax loss carryforwards were
forfeited because Grenzebach Maschinenbau GmbH's share of KUKA increased to
over 25 percent. This had a negative impact of EUR -10 million.

The results for the second quarter 2009 were therefore weaker than expected
due to extraordinary charges.

KUKA's preliminary numbers for the second quarter 2009 indicate orders
received came in at EUR 253 million and sales revenues at EUR 211 million.
Thus orders received were approximately EUR 40 million higher and sales
revenues approximately EUR 16 million lower than the comparable figures in
the first quarter 2009.

For the year 2009 overall, KUKA expects a breakeven operating result (EBIT)
and a breakeven free cash flow before extraordinary restructuring costs.
However, taking into consideration the extraordinary restructuring costs,
KUKA expects that the operating result (EBIT) and free cash flow will be
well into negative territory.

Extraordinary restructuring measures related to operations in Germany are
currently not anticipated in the second half of 2009.

Augsburg, July 20, 2009

The Executive Board

 



Contact:
Herr von Muenchhausen
Tel.: +49 (0)821 7975-325
Fax: +49 (0)821 7975 333
E-Mail: v.muenchhausen@kuka.com



DGAP 20.07.2009 
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Language:     English
Issuer:       KUKA Aktiengesellschaft
              Postfach 43 12 69
              86072 Augsburg
              Deutschland
Phone:        +49 (0)821 797 - 0
Fax:          +49 (0)821 7975 - 333
E-mail:       IR@kuka.com
Internet:     www.kuka.com
ISIN:         DE0006204407
WKN:          620440
Indices:      MDAX
Listed:       Regulierter Markt in Berlin, Frankfurt (Prime Standard),
              München, Hannover, Düsseldorf, Hamburg, Stuttgart; Foreign
              Exchange(s) SWX
 
End of News                                     DGAP News-Service
 
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