DGAP-Adhoc: KHD Humboldt Wedag International AG: KHD

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News Desk 2018

Aug 4, 2014 at 2:00 PM

DGAP-Adhoc: KHD Humboldt Wedag International AG: KHD adjusts forecast

KHD Humboldt Wedag International AG / Key word(s): Change in Forecast 04.08.2014 19:56 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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 EUR 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 EUR 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 (EUR 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 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 04.08.2014 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 KÃ¶ln 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: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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