Germany's IWKA says 2005 operating profit will fall

Newswire

FRANKFURT, April 16 (Reuters) - German robot maker IWKA has warned its 2005 operating profit will fall due to sinking orders.

The automotive robots specialist said in a statement late on Friday that operating profit will come in lower this year after its orders had fallen significantly in the past few weeks.

IWKA, which has sold several non-core units, forecast in January it aimed at "a trend to higher operating profit quality" in 2005.

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