KHD adjusts forecast
Cologne, Germany, August 12, 2015 – After updating its annual budget KHD Humboldt Wedag International AG (KHD), Cologne, is adjusting its forecast for the 2015 financial year accordingly.
The awarding of several significant projects that were expected in the order intake for the first half of the 2015 financial year has been postponed. As a result these projects are now expected as order intake in the second half of 2015 in the current forecast. Combined with challenges in the execution of individual large projects this has a substantial impact on the forecasted figures for revenue, EBIT and operating cash flow. In accordance with the updated forecast, KHD expects revenue in a range between € 170 million and € 190 million. EBIT is expected in a range between € -30 million and € -35 million. In addition, cash outflows in the operational business and lower advance payments received due to delayed order intake will result in a significantly negative operating cash flow.
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: www.khd.com.
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
Contact
KHD Humboldt Wedag International AG
Michael Nielsen
Investor Relations
Tel.: +49 (0)221 – 6504-1500
E-Mail: michael.nielsen@khd.com
Website: www.khd.com