Earnings Release • Mar 30, 2012
Earnings Release
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Ad-hoc | 30 March 2012 07:32
KHD Humboldt Wedag International AG: KHD posts EBIT margin of 7.5% in 2011 despite fall in revenue – modest expectations for 2012
KHD Humboldt Wedag International AG / Key word(s): Forecast
30.03.2012 07:32
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KHD posts EBIT margin of 7.5% in 2011 despite fall in revenue - modest
expectations for 2012
Cologne, Germany, March 30, 2012 - KHD Humboldt Wedag International AG
(KHD), one of the world's leading suppliers of equipment and services for
the cement industry, generated Group revenue of EUR 234.6 million in the
2011 financial year. The 18.2% year-on-year reduction is primarily
attributable to delayed projects. However, KHD succeeded in maintaining a
largely unchanged EBIT margin of 7.5% (previous year: 8.7%). This was
mainly due to the completion of a large high-margin order and a one-time
effect related to the takeover of a Russian subsidiary. The Group net
profit dropped from EUR 15.8 million to EUR 13.5 million, which corresponds
to earnings per share of EUR 0.28 (previous year: EUR 0.47). The Company
does not intend to pay a dividend for 2011.
The order intake fell to EUR 224.7 million (previous year: EUR 268.9
million) due to difficult market conditions. KHD anticipates that incoming
orders will increase in the current financial year (2012), due in part to
its improved position in the EPC market. By contrast, both revenue and the
EBIT margin are expected to decrease as further delays are forecasted in
executing current projects.
KHD will publish its Group Annual Report and a detailed description of the
Company's performance in the 2011 financial year later today.
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 pyroprocessing
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 with customer service centers in growing markets like
India, Russia and the Asia Pacific region. Other major customer service
centers include 'Americas' covering both North and South America and EMEA
(Europe, Middle East and Africa), based in Cologne. 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
Elisabeth Prigge
Investor Relations
Tel.: +49 (0)221 - 6504-1500
Fax: +49 (0)221 - 6504-1409
E-Mail: [email protected]
Website: www.khd.com
30.03.2012 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 Köln
Germany
Phone: +49 (0)221 6504 1500
Fax: +49 (0)221 6504 1409
E-mail: [email protected]
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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