DGAP-News: KHD Humboldt Wedag International AG / Key word(s): Final
Results
KHD Humboldt Wedag International AG: KHD Humboldt Wedag International
AG starts 2013 with increased order backlog but market remains
uncertain
27.03.2013 / 07:59
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KHD Humboldt Wedag International AG starts 2013 with increased order
backlog but market remains uncertain
- KHD Group increases competitiveness and wins new orders in difficult
market environment
- Revenue and EBIT margin come in within target corridor
- Dividend to be proposed at upcoming AGM
Cologne, Germany, March 27, 2013: KHD Humboldt Wedag International AG
(KHD), one of the world's leading providers of equipment and services for
the cement industry, closed the 2012 financial year with a strong increase
in order intake and order backlog and has thus established a good starting
position for future growth. Although Group revenue (EUR 213.5 million) and
EBIT margin (3.0%) fell short of the previous year's figures, both came in
within announced targets.
The slowdown in global growth was clearly evident in KHD's core markets.
Market uncertainties and low utilization rates continued throughout 2012
and thus only very few new capacity projects were awarded. The Group was
nevertheless able to increase order intake by 82.9% to EUR 410.9 million;
partly thanks to increased competiveness, a focal part of KHD's ongoing
strategy.
Delays in project execution in some regions as well as lower order intake
from previous years caused revenue to decline by 9.0%, from EUR 234.6
million to EUR 213.5 million. Projects in India, followed by Turkey and
Russia contributed largely to 2012 revenues. Orders won in 2012 played only
a minor role in revenues. EBIT of EUR 6.4 million (previous year: EUR 17.6
million) corresponding to an EBIT margin of 3.0% (previous year: 7.5%) was
in line with the forecast. Earnings per share amounted to EUR 0.14
(previous year: EUR 0.28).
At the upcoming Annual General Meeting, the Management and Supervisory
Boards will propose to distribute EUR 3.0 million of the Company's EUR4.8
million net retained profits as a dividend to shareholders. This
corresponds to a dividend of EUR 0.06 per share. The remaining amount of
EUR 1.8 million should be carried forward.
The Group continues to have a strong liquidity and equity base. At 53.6% on
December 31, 2012, KHD's equity ratio remains almost on the same level as
in the previous year. This gives KHD a strong financial foundation in an
increasingly complex and competitive environment.
'We were successful in winning some of the very few orders placed in 2012'
says KHD CEO Jouni Salo on the past financial year. 'Our order backlog
enables us to continue to improve KHD's competitive position and thus
secure long-term growth for the Group.' Many of the world's major cement
producers are looking to increase efficiency and lower costs, which
provides new opportunities for KHD. Salo: 'Over the past few years we have
built up a strong account management team. We know first-hand that our
customers have a need for cost-effective solutions that offer high levels
of availability and we are working hard to meet these needs as we develop
and improve our business.' As a result of ever stricter emissions limits
and rising energy costs in many regions of the world, KHD's clean
technology components, like its prize-winning combustion chamber, offer the
Group further opportunities to grow.
Going forward in 2013 KHD's market remains sensitive and uncertain.
Nevertheless, the Group expects solid order intake. An increase in revenue
combined with additional cost-improving measures should yield an
improvement in EBIT.
For the complete 2012 Annual Report for KHD Humboldt Wedag International AG
please visit the Company's website, www.khd.com under Investor Relations.
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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DGAP-News: KHD Humboldt Wedag International AG: KHD Humboldt Wedag International AG starts 2013 with increased order backlog but market remains uncertain
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