Today the Executive Board of Humboldt Wedag GmbH (HWG), Cologne, a major subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, informed KHD’s Management Board and the Works Council of HWG about a planned major reorganization.
KHD Humboldt Wedag International AG (KHD), Cologne, revises the forecast for its adjusted earnings before interest and taxes (EBIT) for the 2018 financial year.
The Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, appointed Mr. Yizhen “Mario” Zhu with immediate effect as Chairman of the Management Board until December 31, 2019.
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.
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.
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.
Join Statement
Offer Document
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%.
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