KHD adjusts forecast

Cologne, Germany, August 4, 2014 – KHD Humboldt Wedag International AG (KHD), Cologne, is updating its annual budget and adjusting its forecast for the 2014 financial year accordingly. Although the Parts & Services segment is expected to perform better than originally planned, the Capex segment has been strongly affected by risks arising from the current economic and political developments.

In connection with the crisis in the Ukraine and the resulting uncertainties, a large order in Russia, will most likely no longer be considered as order intake for the current year. This order was announced in April 2014 with an original volume of over € 90 million. However, KHD has not yet been able to book this order as order intake. As a result of this, the Group now expects order intake for the 2014 financial year to reach just below the 2013 order intake level, which amounted to € 172.4 million. This also means that KHD will not receive the forecasted down payments for this project and therefore operating cash flow for the 2014 financial year is now forecasted to be significantly negative.

The reported postponements in order intake as well as further delays in order execution are also having an impact on expected revenues. For the 2014 financial year, KHD is now forecasting a drop in revenue of up to 10% compared to the previous year (€ 249.6 million). However, KHD maintains its latest EBIT margin guidance for the 2014 financial year.

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

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