2015-04-09

KHD appoints new Chief Financial Officer (CFO)

Cologne, Germany, April 9, 2015 - Mr. Ralph Quellmalz has decided to step down due to personal reasons as he wishes to pursue new tasks.
 

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2015-03-19

KHD Humboldt Wedag International AG closes 2014 financial year with positive EBIT

  • Order intake brought down by market conditions
  • Revenue amounting to € 240 million slightly down
  • EBIT and EBIT margin positive
  • Robust liquidity position and stable equity ratio

Cologne, Germany, March 19, 2015 - KHD Humboldt Wedag International AG (KHD), one of the world’s leading suppliers of equipment and services for the cement industry, achieved positive EBIT (€ 1.1 million) in the 2014 financial year, despite slightly lower revenue.

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2015-02-13

KHD appoints new Chief Executive Officer (CEO)

Cologne, Germany, February 13, 2015 – Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, appointed Mr. Johan Cnossen (55) as member of the Company’s Management Board, effective May 1, 2015. Mr. Cnossen will serve as Chief Executive Officer (CEO). Currently Johan Cnossen works as Vice President Middle East Operations at Jacobs Inc.

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2014-12-19

KHD appoints Daniel Uttelbach to the Management Board – Strengthening Sales & Technology

Cologne, December 19, 2014 – Daniel Uttelbach (44) has been appointed to the Management Board of KHD Humboldt Wedag International AG (KHD), effective January 1, 2015. As Executive Vice President he will be in charge of Sales & Technology for the Group.

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2014-11-13

KHD grants € 50 million intercompany loan

Cologne, Germany, November 13, 2014 –KHD Humboldt Wedag International AG (KHD) has entered into a second € 50 million loan agreement with AVIC International (HK) Group Ltd., Hong Kong, as the borrower.

The loan bears interest at a rate of six percentage points per annum. The term of the loan agreement is three years.

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2014-09-23

AVIC International Holdings Limited publishes Accountants' Report of the KHD Group pursuant to Hong Kong Stock Exchange regulations

AVIC International Holding Limited (AVIC International), indirect majority shareholder of KHD Humboldt Wedag International AG (KHD), is a listed company on the Hong Kong Stock Exchange. As a consequence of acquiring the majority of KHD shares and in accordance with Chapter 14 of the Hong Kong Stock Exchange listing rules, AVIC International is required to publish an Accountants' Report of the KHD Group as an appendix to the Circular on major acquisitions.

The Accountants' Report summarizes financial information based on KHD Group’s published financial reports for the reporting dates December 31, 2011, December 31, 2012, December 31, 2013 and for the two six-month periods ending June 30, 2013 and June 30, 2014 in accordance with requirements applicable for purposes of the Circular in Hong Kong.

The Accountants' Report is available on the Hong Kong Stock Exchange website as Appendix I under the below link:

http://www.hkex.com.hk/eng/csm/ShowNews.asp?mkt=hk&FileName=http://www.hke xnews.hk/listedco/listconews/sehk/2014/0919/LTN20140919463.pdf

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2014-08-28

KHD EBIT close to breakeven in the first half

Cologne, Germany, August 28, 2014. The earnings position of KHD Humboldt Wedag International AG (KHD), one of the world’s leading providers of equipment and services for the cement industry, continued to be affected by weak market conditions and unsatisfactory margin quality in the order backlog in the first half of 2014. Revenues slightly increased to € 114.8 million with a slightly negative EBIT of € - 0.9 million. The positive contribution to earnings of the Parts & Service segment was not able to fully offset the disappointing results in the Capex segment.

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2014-08-25

KHD replaces existing bonding line facility with bilateral bonding line agreements

Cologne, Germany, August 25, 2014, KHD Humboldt Wedag International AG (KHD) has replaced its existing bonding line facility with a new long-term solution. On August 25, 2014, KHD cancelled its existing bonding line facility with a consortium of banks, which had issued bank guarantees of over € 80.3 million as per December 31, 2013. The Group replaced this facility with two bilateral bonding line agreements with the Deutsche Bank AG (€ 40 million) and the Raiffeisen Bank International AG, Wien (€ 38 million).

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2014-08-04

KHD adjusts forecast

Cologne, Germany, August 4, 2014 – KHD Humboldt Wedag International AG (KHD), Cologne, is updating its annual budget and adjusting its forecast for the 2014 financial year accordingly. Although the Parts & Services segment is expected to perform better than originally planned, the Capex segment has been strongly affected by risks arising from the current economic and political developments.

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2014-07-22

KHD grants € 50 million intercompany loan

Cologne, Germany, July 22, 2014 – KHD Humboldt Wedag International AG (KHD) has entered into a € 50 million loan agreement with AVIC International (HK) Group Ltd., Hong Kong, as the borrower.

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