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ER - KUKA Aktiengesellschaft: Expectation of negative impact on sales and profits in 2008 due to cancellation of an order

Company: KUKA AG Date: 2008-11-19 Language: English Register to download

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 News Details

Ad-hoc | 19 November 2008 13:31

#   

KUKA Aktiengesellschaft: Expectation of negative impact on sales and profits in 2008 due to cancellation of an order

**KUKA Aktiengesellschaft / Forecast/Miscellaneous**

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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LSW Maschinenfabrik GmbH, Bremen ('LSW'), a 100% subsidiary of KUKA
Aktiengesellschaft, concluded a contract for the delivery of two
transmission manufacturing lines with GETRAG Transmission Manufacturing
LLC, Indiana, USA ('GETRAG USA'). On November 17, 2008, GETRAG USA
initiated creditor protection proceedings in accordance with Chapter 11 of
the US Bankruptcy Code.

As yet, LSW has not received any payment from GETRAG USA for the project,
valued at approximately EUR 23 million. Nevertheless, LSW reserves the
right to assert its legal position vis-à-vis all parties involved.

Depending on the progress of the insolvency proceedings and further
discussions with the GETRAG group, risks exist for the KUKA Group’s key
figures in 2008. Sales and operating profits (EBIT) could both be burdened
with a maximum of approximately EUR - 23 million, which would have a
negative impact on the targeted operating profit margin for 2008.


Augsburg, November 19, 2008


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



19.11.2008  Financial News transmitted by DGAP
----------------------------------------------------------------------
 
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),
              Hannover, München, Hamburg, Düsseldorf, Stuttgart; Foreign
              Exchange(s) SWX
 
End of News                                     DGAP News-Service
 
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