KHD adjusts forecast
Cologne, Germany, May 3, 2016 – After updating its annual budget, KHD Humboldt Wedag International AG (KHD), Cologne, is adjusting its forecast for the 2016 financial year accordingly.
The awarding of several significant projects, which were expected to be order intake in the first months of the 2016 financial year, has been postponed. As a result, these projects are now planned as order intake in the second half of 2016 in the updated forecast. Combined with challenges in the execution of individual large projects this has a substantial impact on the forecasted figures for revenue and EBIT. In accordance with the updated forecast, KHD expects revenues of approximately 10% below the previous year’s figure for the 2016 financial year. EBIT is expected to be significantly lower than in the previous 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