KUKA AG — Earnings Release 2009

Oct 30, 2009

News Details

Ad-hoc | 30 October 2009 19:27

KUKA Aktiengesellschaft: Preliminary results, 3rd Quarter 2009 – Adjustment of guidance for the 2009 financial year

KUKA Aktiengesellschaft / Quarter Results/Forecast

30.10.2009

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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)

Preliminary results, 3rd Quarter 2009

Adjustment of guidance for the 2009 financial year

On the basis of preliminary results of the third quarter 2009, KUKA
generated orders received of EUR 206.9 million (third quarter 2008: EUR
292.1 million), sales revenues of EUR 217.7 million (third quarter 2008:
EUR 343.1 million) and a positive result before taxes and depreciation
(EBITDA) of EUR 1.2 million (third quarter 2008: EUR 26.2 million). The
operating result (EBIT) was minus EUR 5.1 million (third quarter 2008: EUR
20.0 million). This includes special expenditures of EUR 4.4 million, of
which EUR 2.7 million were related to changes in the company's Executive
Board. Free cash flow reached EUR 7 million in the third quarter 2009,
which reduced net debt from EUR 94.4 million as of June 30, 2009 to EUR
87.5 million as of September 30, 2009.

For the 2009 financial year as a whole, KUKA is now expecting to achieve an
operating result (EBIT) of minus EUR 10 million to minus EUR 15 million
before the extraordinary restructuring expenses. Given the restructuring
costs, KUKA is currently expecting that expenses for the whole of 2009 will
total at least EUR 25 million, of which EUR 17.4 million are already
included in the first nine months of 2009. The ongoing cost reduction
program is continuing to make progress as planned, but the operating loss
in the first nine months (EBIT of minus EUR 10.6 million) will not be made
up in the remaining three months of the financial year.

It is expected that free cash flow for the 2009 financial year as a whole
will be in the order of minus EUR 40 million to minus EUR 50 million. This
is largely due to the considerable drop in trade payables receivables from
suppliers in the current financial year (decrease of EUR 73.4 million as of
September 30, 2009, from a very high trade payables level of EUR 149.1
million as of December 31, 2008).

Performance in the fourth quarter is still subject to considerable risk.
Depending on possible further decisions regarding adjustments to the
Group's cost structure, restructuring expenses in particular could increase
considerably.

KUKA will release the interim report for the third quarter 2009 on November
3, 2009.

Augsburg, October 30, 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

30.10.2009 Financial News transmitted by DGAP

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Language: English
Company: 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: SDAX
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
München, Hannover, Düsseldorf, Hamburg, Stuttgart; Foreign
Exchange(s) SWX

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