DGAP-News: KHD Humboldt Wedag International AG: KHD

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Aug 14, 2013 at 2:15 AM

DGAP-News: KHD Humboldt Wedag International AG: KHD maintains profitability despite challenging environment

DGAP-News: KHD Humboldt Wedag International AG / Key word(s): Half Year Results KHD Humboldt Wedag International AG: KHD maintains profitability despite challenging environment 14.08.2013 / 08:01 --------------------------------------------------------------------- KHD maintains profitability despite challenging environment - Customers remain hesitant in awarding new orders - High order backlog drives increase in revenue - Gross profit margin reflects reduced margin quality of order backlog - Cost-saving measures take effect - Increase of EUR 0.9 million in earnings before interest and tax as well as improved EBIT margin - Equity ratio and liquidity at comfortable levels - Confirmation of guidance for 2013 financial year Cologne, Germany, August 14, 2013 - KHD Humboldt Wedag International AG, one of the world's leading providers of equipment and services for the cement industry, has increased its revenue in the first half of 2013 compared to the same period in the previous year. The Group attained revenues of EUR 111.5 million - an 8.8% increase over the previous year. Earnings before interest and tax (EBIT) reached EUR 3.1 million, an improvement of EUR 0.9 million compared to H1 2012. EBIT margin also increased to 2.8%. Orders won in 2012 - including major contracts in Malaysia and Venezuela - had a positive impact on revenue development. Despite reduced margin quality in the order backlog KHD reported a favorable trend in EBIT that reflects consequent cost management. 'In such a challenging economic environment our efforts on the cost side are now clearly paying off,' said Group CFO Ralph Quellmalz. The slow growth in the industry and lower order intake for KHD is tied to weaker than expected growth in the emerging economies and continuing economic uncertainty. New business volume amounted to EUR 40.4 million in the first half of 2013, compared to EUR 248.4 million in the same period of the previous year, but order backlog (EUR 419.9 million) remained on a high level. 'We will continue to focus on our core business and will therefore increasingly invest in our premium brand and in our service business' said Group CEO Jouni Salo. In view of this, a license agreement was signed with Weir Minerals in April 2013. Weir Minerals now has direct control over planning, production and sales of HPGRs (high-pressure grinding rolls) for minerals applications. KHD will receive a license fee in return. In overall terms, the Management Board of KHD confirms the outlook for the full year 2013 as presented in its 2012 Annual Report and expects a significant increase in revenue compared to the previous year, gross profit margin to be at roughly the same level as in the first half of the year and a slight improvement in EBIT margin. 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 cement 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. 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 End of Corporate News --------------------------------------------------------------------- 14.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's 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 News DGAP News-Service --------------------------------------------------------------------- 225758 14.08.2013

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