Correction of Errors in KHD’s Consolidated Financial Statements

Cologne, Germany, June 19, 2015 – In connection with a detailed analysis of projects in the execution phase, errors in the measurement of individual projects in the 2014 financial year have been identified. These errors relate to the US subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne.

The exact amounts of the corrections to be made are currently under investigation and should be available by approximately the end of July. According to current conclusions, the corrections, in accordance with IAS 8, shall be made retrospectively. By restating the comparative amounts for the prior period (balance sheet as of December 31, 2014), these corrections will be included in KHD’s upcoming Half Year Report 2015. The restatements to be made in the income statement for the 2014 financial year will be disclosed in the notes of the Half Year Report 2015. The corrections will lead to an equity reduction of several million euros.

KHD’s individual financial statements prepared in accordance with German GAAP (HGB) are not affected by the correction of the above mentioned errors.

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:

Additional Information

ISIN: DE0006578008
Securities identification number (WKN): 657800
Market segment: Regulated Market (General Standard) of the Frankfurt Stock Exchange

KHD Humboldt Wedag International AG
Colonia-Allee 3
51067 Cologne, Germany


KHD Humboldt Wedag International AG
Michael Nielsen
Investor Relations

Tel.: +49 (0)221 – 6504-1500

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