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
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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
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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: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin
End of News DGAP News-Service
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225758 14.08.2013
DGAP-News: KHD Humboldt Wedag International AG: KHD maintains profitability despite challenging environment
| Source: EQS Group AG