DGAP-Adhoc: ZhongDe Waste Technology AG: Preliminary

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Nov 13, 2015 at 3:15 AM

DGAP-Adhoc: ZhongDe Waste Technology AG: Preliminary nine-months results and adjusted full-year guidance

ZhongDe Waste Technology AG / Key word(s): Preliminary Results 13.11.2015 09:12 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. --------------------------------------------------------------------------- ZhongDe Waste Technology AG: Preliminary nine-months results and adjusted full-year guidance Frankfurt, November 13, 2015 - ZhongDe Waste Technology AG ("ZhongDe") publishes its preliminary financials for 9M 2015 and adjusts its guidance for the full-year results 2015 due to unexpected project delays. According to preliminary calculations, ZhongDe achieved revenues of 10.3 million Euros in the first nine months of 2015 representing a decrease of 10.3 per cent (9M 2014: 11.5 million Euros). EBIT went down by 33.2 per cent to -4.1 million Euros (9M 2014: -3.1 million Euros). Within the first nine months 2015, due to internal and external reasons, ZhongDe's management team had to postpone the completion of the BOT projects in Zhoukou and Xianning to 2016. The Kunming BOT project is expected to be completed in 2017 instead of 2016 as previously announced. The completion of the EPC project in Zhucheng will be delayed. Furthermore, the EPC projects Dingzhou and Wuhai are temporarily suspended. Taking the adjusted project planning into account, ZhongDe now expects total group sales and operating profit for the full year 2015 to be below the 2014 levels. ZhongDe will present its full Q3 interim report on November 27, 2015. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: About ZhongDe Group ZhongDe Group designs, invests, constructs, finances and operates waste-to-energy incineration plants generating electricity from the disposal of solid municipal and industrial waste. ZhongDe realises either EPC (Engineering, Procurement and Construction) or BOT (Build, Operate and Transfer) projects, focusing on large-scale plants with waste disposal capacities of around 1,000 tons per day. Since 1996, ZhongDe Group has installed approximately 200 waste incinerators in 13 provinces throughout China. ZhongDe is one of the leading players in the project development and operation of waste-to-energy plants in China. Contact ZhongDe Waste Technology AG William Jiuhua Wang Executive Director and CFO E-Mail: william.jw@zhongdetech.com Ying Sun Investor Relations Messeturm 25th floor Friedrich-Ebert-Anlage 49 60308 Frankfurt am Main T: +49 69 50956 5655 F: +49 69 50956 5520 E-Mail: ying.sun@zhongde-ag.de Kirchhoff Consult AG Nicole SchÃ¼ttforth Investor Relations Consultant T: +49 40 60 91 86 64 F: +49 40 60 91 86 60 E-Mail: nicole.schuettforth@kirchhoff.de 13.11.2015 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: ZhongDe Waste Technology AG Messeturm 25th floor 60308 Frankfurt Germany Phone: + 49 69 50956 5655 Fax: + 49 69 50956 5520 E-mail: william.jw@163.com,ying.sun@zhongde-ag.de Internet: www.zhongde-ag.de ISIN: DE000ZDWT018 WKN: ZDWT01 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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