Ad-hoc | 19 November 2008 13:31
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
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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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