RoboticsKuka - the first figures after the takeover
Last year, the Chinese Midea Group acquired over 95% of Kuka shares. The Augsburg-based company has now published its first figures following the takeover - for the fourth quarter and for 2016 as a whole.
... there is a "red zero" in the balance sheet in this respect. In terms of earnings before interest and taxes (EBIT), the Kuka Group generated a figure of 166 million euros, excluding the purchase price allocation for Swisslog and special effects in connection with the takeover bid by the Midea Group. The EBIT margin was 5.6%. Taking these non-operating effects into account, preliminary EBIT amounted to EUR 127 million and the EBIT margin to 4.3%. In terms of order intake, the divisions benefited from orders from both the international automotive industry and general industry.
The preliminary order intake in the Robotics division ...