Resignation of KHD’s Chairman of the Management Board

Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, informed KHD’s Management Board of the resignation for personal reasons by Mr. Gerold Keune as member of the Management Board with immediate effect.

KHD adjusts forecasted result

Cologne, Germany, October 16, 2018 –KHD Humboldt Wedag International AG (KHD), Cologne, adjusts the forecast for its adjusted earnings before interest and taxes (EBIT) for the 2018 financial year as part of the updating of the annual planning. Due to cost overruns in project execution, the adjusted EBIT is now expected to be at about the same level as in the previous year.

KHD grants € 50 million intercompany loan

HD Humboldt Wedag International AG (KHD) has reached an agreement on granting an additional € 50 million loan to AVIC International Kairong Limited, Hong Kong, as the borrower. This loan will run from November 13, 2017 and will replace a loan that has been granted to AVIC International (HK) Group Ltd., Hong Kong, which will become due for repayment on November 13, 2017.

KHD signs contracts in western Sub-Sahara region

Humboldt Wedag GmbH, Germany, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, Germany, has signed contracts totaling over € 80 million for the supply of equipment and execution of civil and erection works as well as supervision services for a cement plant in western Sub-Sahara region.

KHD grants € 50 million intercompany loan

KHD Humboldt Wedag International AG (KHD) has entered into a € 50 million loan agreement with AVIC International Kairong Limited, Hong Kong, as the borrower. This loan replaces a loan that has been granted three years ago to AVIC International (HK) Group Ltd., Hong Kong, which is due for repayment on July 22, 2017.

KHD appoints new Chief Executive Officer (CEO)

Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, appointed Mr. Gerold Keune as Chief Executive Officer (CEO).

KHD adjusts forecast

After updating its annual budget, KHD Humboldt Wedag International AG (KHD), Cologne, is adjusting its forecast for the 2016 financial year accordingly.

Chief Executive Officer (CEO) resigns with immediate effect

Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, informed the KHD Management Board about the resignation of Mr. Johan Cnossen as Chief Executive Officer and member of the Management Board with immediate effect.

Correction of Errors in KHD’s 2014 Consolidated Financial Statements – after external Audit

As informed in the ad hoc announcement dated June 19, 2015, errors were identified in the measurement of individual projects in the 2014 financial year relating to Humboldt Wedag, Inc., the US subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne. In an ad hoc publication dated August 11, 2015, KHD announced a reduction of earnings before interest and taxes (EBIT) amounting to € 13.7 million and an equity reduction in an amount of € 14.9 million based on a preliminary assessment of the error. In accordance with IAS 8, the error correction was done retrospectively while preparing the Half Year Report 2015.