KUKA Aktiengesellschaft announced earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported sales revenues of EUR 629.1 million compared to EUR 719.8 million a year ago. This is mainly attributable to the fact that customers are tending to make call-offs and execute major orders in the later quarters in 2016. Earnings before interest and taxes was EUR 31.4 million compared to EUR 28.1 million a year ago. Earnings before interest, taxes, depreciation and amortization were EUR 48.6 million compared to EUR 59.5 million a year ago. Earnings after taxes were EUR 20.9 million or EUR 0.54 per diluted share compared to EUR 15.3 million or EUR 0.42 per diluted share a year ago. Capital expenditure was EUR 19.0 million compared to EUR 22.2 million a year ago.

The company provided earnings guidance for the full year of 2016. On the basis of the current general conditions, is expecting sales revenues of more than EUR 3.0 billion for the full year 2016. The Group expects to achieve an EBIT margin of more than 5.5% before purchase price allocation for Swisslog. The expenditure for purchase price allocation at Swisslog should amount to about EUR 10 million in 2016 and thus be significantly lower than in the previous year.