KHD Humboldt Wedag International AG: Update of revenue guidance for 2011

Cologne, November 3, 2011 – KHD Humboldt Wedag International AG (KHD), one of the leading suppliers of plant and services for the cement industry, has announced today that previously projected revenues (August 2011) of € 270 million for the 2011 financial year will not be reached. Uncertainty in some markets, in particular India, has led to lower cement demand and thus customer postponements in project execution. Nevertheless KHD retains its EBIT guidance of € 16 – € 19 million for the current financial year. KHD will publish Q3 2011 financial results on November 11, 2011.

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

cometis AG
Stefan Bulfon

Tel.: +49 (0)611 – 205855-65
Fax: +49 (0)611 – 205855-66
E-Mail: bulfon@cometis.de

Related topics

KHD receives letter of award

Humboldt Wedag India Private Limited (HW India), New Delhi, India, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, received a Letter of Award from the customer UltraTech Cement Limited. The Letter of Award relates to three new kiln lines, one new raw meal grinding plant with two KHD roller presses, and the upgrade of five existing clinker grinding plants with KHD roller presses.

Change of KHD’s Chairman of the Management Board

Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, informed KHD’s Management Board that Mr. Yizhen Zhu will resign from his office as CEO and member of the Management Board for personal reasons with effect as of September 30, 2020.

KHD signs contracts in India

Humboldt Wedag India Private Ltd. (“HW India”), New Delhi, India, and Humboldt Wedag GmbH (“HW GmbH”), Cologne, Germany, both being subsidiaries of KHD Humboldt Wedag International AG (“KHD”), Cologne, have signed contracts with ACC Limited, a Group company of LafargeHolcim Ltd.