Postponements in the execution of certain projects have forced KHD Humboldt Wedag International AG to revise its 2012 revenue guidance. The company expects to achieve 2012 full year revenues between € 210 – € 220 mio.
EBIT margin guidance of 2% – 4% remains unchanged.
The KHD Humboldt Wedag International AG management board is hereby cancelling the Annual General Meeting, which was scheduled for July 27, 2012.
The company will announce a new meeting date next week.
In the December 31, 2011 financial statements KHD Humboldt Wedag International AG (KHD) noted restrained group revenue expectations for 2012 and that the company would most likely not reach the 2011 EBIT margin level of 7.5 %.
Today the Management Board and the Supervisory Board decided to propose a dividend payment of € 0.12 per non-par-value share entitled to a dividend, at the Annual General Meeting. The total dividend payout amounts to € 5,936,932.44.
The Management Board and the Supervisory Board will propose an amendment to the articles of association (reduction of the number of members of the Supervisory Board from six to three persons and reduction of the remuneration for the members) at the Annual General Meeting, which is intended to be held on July 27, 2012.
Leading Russian cement producer EUROCEMENT placed an order for more than € 80 million with KHD for a new cement plant to be built in Stavropol, Russia. The Moscow-based EUROCEMENT group is among the top ten cement producing companies in the world.
Straits Cement, a 100% subsidiary of the Malaysian YTL Group, has awarded KHD with a € 100 million contract to build a new, fully integrated cement production facility with a capacity of 5000 tons of cement per day and will be located near Kuantan, Malaysia, approximately 260 kilometers east of Kuala Lumpur.
KHD Humboldt Wedag International AG (KHD), one of the world’s leading suppliers of equipment and services for the cement industry, generated Group revenue of € 234.6 million in the 2011 financial year. The 18.2% year-on-year reduction is primarily attributable to delayed projects. However, KHD succeeded in maintaining a largely unchanged EBIT margin of 7.5% (previous year: 8.7%).
Claudius Peters Projects GmbH (“CPP”) and KHD Humboldt Wedag GmbH (“KHD”) have settled all disputes relating to or arising out of alleged patent infringement, validity of, and/or breach of intellectual property rights in and to the ETA Cooler technology and other related matters.
Effective from 1st of February, 2020, Matthias Mersmann has been appointed by the Supervisory Board as a new member of the Management Board of KHD Humboldt Wedag International AG. He contributes his long-term expertise in the technology of cement manufacturing processes and equipment design which he has acquired in various executive positions with OEM suppliers as well as independent consultant.