DGAP-News: KHD Humboldt Wedag International AG: Publishes 2011 Half Year Report
(firmenpresse) - DGAP-News: KHD Humboldt Wedag International AG / Key word(s): Half
Year Results/Half Year Results
KHD Humboldt Wedag International AG: Publishes 2011 Half Year Report
12.08.2011 / 08:04
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- Net result for the period increased by EUR 1.3 million up to EUR 6.4
million
- Lower than expected order intake and revenue in H1 2011
- Significant increase in order intake in the second half of 2011 expected
Cologne - August 12, 2011. KHD Humboldt Wedag International AG ('KHD'), one
of the world's leading providers of equipment and services for the cement
industry, publishes its 2011 half year report today. After winning several
new jobs KHD was able to gain strength in the second quarter and booked an
order intake of EUR 51.4 million after a slow start in Q1 with EUR 36
million. As the revenue cycle for large industrial projects is 12 - 36
months the revenue line in H1 2011 felt the dip from the orders taken in
during 2009 economic crisis. Thus, group revenue fell from EUR 135.4
million in H1 2010 to EUR 106.6 million in H1 2011. Nevertheless, KHD
continues to show a strong order backlog of EUR 284.4 million as per June
30, 2011. The group notes EBIT of EUR 7.2 million as of June 30, 2011,
which corresponds to a 6.8% margin. Despite the lower revenues the group
was able to improve net income by an additional EUR 1.3 million bringing it
up to EUR 6.4 million for H1 2011.
For the second half of 2011 KHD management expects a significant increase
in order intake. The company has already booked a major order of EUR 80
million in July 2011 for two new cement lines. Order intake that was
previously planned for H1 2011 is shifting to H2 2011. Man-agement also
expects the group revenue for the full year 2011 at around EUR 270 million
with an anticipated EBIT margin in between 6% and 7%.
KHD Humboldt Wedag International AG's full 2011 half year report will be
available today under www.khd.com / investor relations.
KHD Group
KHD is a global leader for cement plant technology, equipment and services
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
aftermarket services for the cement industry and is a leader in
energy-efficient and environmentally friendly products for the cement
grinding and pyro processing sections of the plants. The holding company
KHD Humboldt Wedag International AG is based in Cologne, Germany. The group
has over 750 employees worldwide with customer service centers in growing
markets like India, Russia and the Asia Pacific region. Other major
customer service centers include the USA covering both North and South
America and Cologne is home to the EMEA (Europe, Middle East and Africa)
customer service center. KHD Humboldt Wedag International AG (ISIN:
DE0006578008, WKN: 657800) is listed on the Frankfurt stock exchange
(General Standard).
More information: www.khd.com
Contact:
Investor Relations
cometis AG
Ulrich Wiehle | Stefan Bulfon
Tel.: +49 (0)611 - 205855-65
Fax: +49 (0)611 - 205855-66
E-Mail: bulfon(at)cometis.de
North American contact:
Rene Randall
Tel: +1(604)683-8286-224
E-Mail: rrandall(at)bmgmt.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 1106
Fax: +49 (0)221 6504 1099
E-mail: hans-rudolf.lenhartz(at)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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135470 12.08.2011
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Datum: 12.08.2011 - 08:04 Uhr
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