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 grants € 50 million intercompany loan

KHD Humboldt Wedag International AG (KHD) has entered into a € 50 million loan agreement with AVIC International Kairong Limited, Hong Kong, as the borrower. This loan replaces a loan that has been granted three years ago to AVIC International (HK) Group Ltd., Hong Kong, which is due for repayment on July 22, 2017.

KHD appoints new Chief Executive Officer (CEO)

Today the Supervisory Board of KHD Humboldt Wedag International AG (KHD), Cologne, appointed Mr. Gerold Keune as Chief Executive Officer (CEO).

KHD adjusts forecast

After updating its annual budget, KHD Humboldt Wedag International AG (KHD), Cologne, is adjusting its forecast for the 2016 financial year accordingly.