KUKA reports 2019 EBIT up 39% to EUR47.8M and sets EUR500M R&D plan
Evidence notes
- KUKA's EBIT rose 39.4% to €47.8M in 2019, with a margin increase to 1.5% from 1.1% in 2018.
- The company plans to invest €500M in R&D over the next three years to enhance automation technologies.
Company context
Industrial robotics and automation supplier; KUKA robot arms are used across manufacturing and construction automation applications.