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.
KHD Humboldt Wedag International AG (KHD ), one of the world’s leading suppliers of equipment and services for the cement industry, achieved revenues of € 249.6 million in the 2013 financial year , a significant increase compared with the previous year. Continued fierce competition and the unsatis factory margin quality in the order backlog had a negative impact . KHD nevertheless recorded a positive EBIT of € 1.2 million.
The Management Board and Supervisory Board of KHD Humboldt Wedag International AG, Cologne, Germany, (hereinafter: KHD) published today on the company’s homepage the joint statement concerning the takeover bid of AVIC International Engineering Holdings Pte. Ltd., Europe Project Management Pte. Ltd., Europe Technology Investment Pte. Ltd. and Europe Engineering Holdings Pte. Ltd. The Management Board and Supervisory Board recommend the shareholders of the company to accept the takeover bid at the offer price of EUR 6.45 per share.
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KHD Humboldt Wedag International AG, one of the world’s leading providers of equipment and services for the cement industry, has increased its revenue in the first half of 2013 compared to the same period in the previous year. The Group attained revenues of € 111.5 million – an 8.8% increase over the previous year. Earnings before interest and tax (EBIT) reached € 3.1 million, an improvement of € 0.9 million compared to H1 2012. EBIT margin also increased to 2.8%.
KHD Humboldt Wedag International AG, one of the world’s leading providers of equipment and services for the cement industry, has increased its revenue in the first half of 2013 compared to the same period in the previous year. The Group attained revenues of € 111.5 million – an 8.8% increase over the previous year. Earnings before interest and tax (EBIT) reached € 3.1 million, an improvement of € 0.9 million compared to H1 2012. EBIT margin also increased to 2.8%.
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.
Mr. Ralph Quellmalz (43) has been appointed Chief Financial Officer and member of the Management Board of KHD Humboldt Wedag International AG.
KHD will hold its annual general meeting on Monday, June 24th, starting at 12 p.m. at the Marriott hotel in Cologne, Germany. We have received a motion from shareholders and the Company is in the process of finalizing its response to this motion. The Company will publish the motion and corresponding response together with the convening notice and agenda for the meeting in due course. The updated financial calendar can be found on our website under https://www.khd.com/landing-page.html.