03.05.2016 11:48:01
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DGAP-Ad hoc: KHD Humboldt Wedag International AG
KHD Humboldt Wedag International AG / Key word(s): Forecast
03.05.2016 11:48
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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 160 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 approx. 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
End of Ad-hoc Announcement
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
03.05.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
--------------------------------------------------------------------------- Language: English Company: KHD Humboldt Wedag International AG Colonia-Allee 3 51067 Köln Germany Phone: +49 (0)221 6504 1500 Fax: +49 (0)221 6504 1409 E-mail: michael.nielsen@khd.com Internet: www.khd.com ISIN: DE0006578008 WKN: 657800 Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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