Kuka presents strong result for 2022 as automation booms

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Augsburg-based automation group Kuka won more orders than ever before in the past financial year - at €4.4bn - and achieved the highest order intake in the company's history, an increase of 25.1% compared to the previous year (2021: €3.5bn).

All Kuka divisions contributed to this good result. Demand for products and solutions was particularly high in China. However, customers in the USA also invested in Kuka systems, especially for the production of e-vehicles.

Sales revenue increase 18.6% to €3.9bn than in the previous year (2021: €3.2bn). The book-to-bill ratio of 1.14 was above the previous year's level (2021: 1.08).  

Peter Mohnen, CEO Kuka Group, said: "It is impossible to imagine industry and business without automation – and it is more in demand than ever, across all industries and countries, – especially because of the Covid crisis and the increasing labour shortage.

"China in particular is an important growth market for Kuka; we generate about a quarter of the Group’s sales revenues there. This shows that our global orientation is an important success factor for Kuka."

In the first three months of the current financial year, Kuka again exceeded the results of the same period last year in all divisions.

"Even though high prices, a strained supply chain and fierce competition will continue to accompany us in 2023, we have started the new financial year with a very good first quarter. We owe this to the committed KUKA employees worldwide," said Mohnen. 

"With KUKA and our innovations, we are part of the solution to many pressing issues. That brings with it a big responsibility," added Mohnen.