Annual General Meeting 2013 – KHD Humboldt Wedag International AG

  • Dividend of EUR 0.09 per share
  • Discharge for Management Board and Supervisory Board

Cologne, June 25th 2013 – Yesterday at KHD Humboldt Wedag International AG’s annual general meeting, shareholders and management intensely discussed the operational business and future direction of the general standard listed company. Many private and institutional investors attended the meeting and were particularly interested in the Company’s future strategy as well as how the Company plans to communicate with the capital markets. 53.26% of the issued share capital was represented at the meeting.

The participants voted in favor of a counter proposal from several larger shareholders on the utilization of KHD’s net retained profits of EUR 4.76 million. A dividend of EUR 0.09 per share will be paid for the previous business year, meaning that EUR 4.45 million will be distributed.

The dividend will be paid on June 26, 2013 and is taxable as follows:

  • EUR 0.0742694 is subject to taxes as per § 20 section 1 no 1 EStG (German income tax code)
  • EUR 0.0157306 not subject to taxes

The remaining amount of net retained profits of EUR 0.31 million will be carried forward. Discharge was granted to the Management Board and Supervisory Board for the 2012 financial year. Deloitte & Touche GmbH Wirtschaftsprüfungsgesellschaft of Düsseldorf was elected as the auditor of the Company and the Group for the financial year 2013.

Management’s presentation on the development of KHD Group as well as the voting results for each item on the agenda can be found on the Company’s below listed website under Investor Relations.

KHD Group

KHD is a global leader for providing equipment and services to cement producers with over 150 years of experience in the cement industry. Process engineering and project management are among the core competencies of the technology-focused group. KHD offers a wide spectrum of products and services for the cement industry and is a leader in environmentally friendly and energy-efficient products for the grinding and pyro processing sections of the plants. The holding company KHD Humboldt Wedag International AG, based in Cologne, Germany, coordinates its internationally operating subsidiaries. The group employs more than 750 employees worldwide, including customer service centers in growing markets like India, Russia and the Asia Pacific region. KHD Humboldt Wedag International AG (ISIN: DE0006578008, WKN: 657800) is listed on the Frankfurt stock exchange (General Standard). More information: www.khd.com.

Contact

KHD Humboldt Wedag International AG
Michael Nielsen
Investor Relations

Tel.: +49 (0)221 – 6504-1500
E-Mail: michael.nielsen@khd.com
Website: www.khd.com

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KHD books another order in Russia

ZAB Zementanlagenbau GmbH Dessau a subsidiary of KHD Humboldt Wedag International AG has signed contracts totaling over € 90 million for equipment and services for a new cement plant consisting of two 3,000 tpd clinker lines. The customer, Pervaja Cementnaja Kompanija (PZK), is part of the same Group as major Russian construction company SU-155.

EUROCEMENT terminates project with KHD

ZAB Zementanlagenbau GmbH Dessau, a subsidiary of KHD Humboldt Wedag International AG, has received notice of project termination from Stavropolsky Zavod Stroitelnih Materialov, a member of the EUROCEMENT group.

KHD: New EBIT guidance for 2013

Due to unexpected profit deterioration in the latest cost estimations of a few major projects, KHD Humboldt Wedag International AG (KHD) will not reach its margin guidance for the 2013 financial year.
According to preliminary unaudited figures, KHD will close 2013 with a significant increase in revenues, EBIT between € 1 – 2 million and EBIT margin of less than 1.0%.