KUKA Group reports record Q2 sales revenue

August 07, 2017 by David Tran
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KUKA Group reports record Q2 sales revenue

Automation solutions experts KUKA Group posted slightly over €1bn in sales revenue, a record for the company as it continues to experience strong growth.

In the second quarter of 2017, KUKA Group generated orders received worth €1,007.5 million – the highest quarterly result in the company’s history. This was higher compared with the same quarter last year (Q2 2016: €893.4m), a growth of 12.8%.

All three divisions made a significant contribution to this new record value – Robotics and Swisslog even contributed with double-digit growth rates. In the first half of 2017, KUKA posted orders received totalling €1.97bn, up 20.4% against the first half of 2016, which reached €1.64bn.



“We have continued on our growth course,” commented KUKA AG CEO Dr. Till Reuter. “The worldwide demand for automation solutions ‘made by KUKA’ is high. We have therefore increased our guidance for the full year 2017. We are expecting sales revenues of around 3.3 billion euro and an EBIT margin of more than 5.5%. In order to boost our innovative strength, we shall continue to invest in key technologies for Industrie 4.0, such as human-robot collaboration, mobility and smart platforms.”

In the second quarter, the Robotics division reported orders received totaling €350.0 million, thus surpassing the 300-million-euro-mark for the third time in a row. Compared with the value for the previous year (Q2/16: €252.2 million), this represents an increase of 38.8%. The General Industry customer segment was the primary driver of this development, but the Automotive and Service segments also contributed to the growth. From a regional perspective, China and North America have driven the positive performance. Orders received were up from €493.9 million (H1/16) to €657.4 million in the first half of 2017 – an increase of 33.1%.

The Systems division achieved orders received of €438.6 million in the second quarter of 2017, falling just short of the figure for the prior-year quarter (Q2/16: €440.0 million). In the first half of 2017, the total volume of orders received was €884.2 million (H1/16: €825.5 million), corresponding to a rise of 7.1%.

At Swisslog, orders received rose 11.7% to a total of €234.7 million (Q2/16: €210.1 mil-lion). Drivers behind this positive development were the important growth industry Lo-gistics and the good performance in North America. In the first half-year 2017, orders received at Swisslog climbed 38.4% to €464.9 million compared with the same period of the previous year (H1/16: €335.8 million).

In KUKA Group, sales revenues were up in the second quarter of 2017 from €704.1m (Q2 2016) to the record level of €1.007bn. This represents a gain of 43.1% compared with the prior-year quarter. The result reflects the high levels of orders received in the preceding quarters. In the first half-year 2017, KUKA Group generated sales revenues of €1.7bn. Compared with the same period last year (H1/16: €1,333.2 million), this represents growth of 34.9%.

In the second quarter, sales revenues at Robotics totalled €349.7m (Q2 2016: €248.3m). This was the highest value ever achieved in any quarter and constituted a rise of 40.8%. It was mainly the Automotive and General Industry segments which had a positive impact on this result. In the first half of 2017, Robotics generated sales revenues of €621.8m. Compared with the same period last year (H1/16: €458.7 million), this signifies an increase of 35.6%. In the second quarter of 2017, sales revenues in the Systems division reached €481.0m.

Compared with the prior-year quarter (Q2 2016: €313.9m), this is a gain of 53.2%. Sales revenues climbed 40.3% to €849.8m in the first half of 2017 (H1/16: €605.8m).

Swisslog generated sales revenues of €193.3m in Q2 2017. This is an increase of 30.3% on the previous year’s result for the same quarter (Q2 2016: €148.4m). Sales revenues in the first half of 2017 totalled €352.7 million. Compared with the same period last year, the figure rose by 24.0% (H1/16: €284.5 mil-lion).

Earnings before interest and taxes (EBIT) totalled €45.5m in the second quarter after €15.3m in Q2/16. The EBIT margin stood at 5.4% before purchase price allocation for Swisslog and before growth investments (Q2/16: 5.5% before purchase price allocation for Swisslog and before extraordinary expenses related to Midea). In the first half of 2017, EBIT increased by 76.4% to €82.4 million (H1/16: €46.7m). The margin stood at 5.2% before purchase price allocation for Swisslog and before growth investments (H1 2016: 5.5% before purchase price allocation for Swisslog and before extraordinary expenses related to Midea).

In the second quarter, the Robotics division achieved an EBITDA of €37.8m (Q2/16: €25.5m). The EBIT margin of 10.8% surpassed the previous year’s level in the same quarter (Q2/16: 10.3%).

In the second quarter of 2017, EBIT at Systems increased by 14.2% to €22.5m (Q2 2016: €19.7m). The EBIT margin decreased from 6.3% (Q2/16) to 4.7%. This was mainly attributable to delays and additional costs that have been encountered in two projects in Europe due to capacity bottlenecks.

EBITDA at Swisslog grew in the second quarter to €1.1m (Q2 2016: €0.4m). The EBIT margin stood at 0.6% (Q2/16: 0.3%). The margin before purchase price allocation for Swisslog was 1.7% compared with 2.1% in Q2/16. Due to seasonal factors, completion of customer projects is concentrated more on the second half-year, so an improvement of the EBITDA margin is expected towards the end of the year.

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