KHD Humboldt Wedag International AG: KHD raises Earnings Forecast
August 02, 2023 at 04:15 pm IST
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EQS-Ad-hoc: KHD Humboldt Wedag International AG / Key word(s): Forecast
KHD Humboldt Wedag International AG: KHD raises Earnings Forecast
02-Aug-2023 / 12:43 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Cologne, Germany, August 2, 2023 –Against the backdrop of the updated corporate planning and the good earnings development in the first half of 2023, KHD Humboldt Wedag International AG (KHD), Cologne, is raising its earnings forecast for the Group for the 2023 financial year.
In contrast to the outlook published in March, in which slightly negative values were expected for the operating result (EBIT) and the EBIT margin, KHD now plans to report positive values for EBIT and the EBIT margin in the 2023 consolidated financial statements. Taking into account a positive financial result, KHD thus plans to report clearly positive earnings before taxes (EBT) and a consolidated net income for the year.
The half-year financial report as of June 30, 2023 will be published on August 15, 2023.
End of Inside Information
02-Aug-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Language:
English
Company:
KHD Humboldt Wedag International AG
Von-der-Wettern-Str. 4a
51149 Köln
Germany
Phone:
+49 (0)221 6504 0
Fax:
+49 (0)221 6504-1209
E-mail:
info@khd.com
Internet:
www.khd.com
ISIN:
DE0006578008
WKN:
657800
Listed:
Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange
KHD Humboldt Wedag International AG is a Germany-based provider of cement plant technology, equipment, and services. Its product portfolio comprises solutions for pyro processing, such as a pre-heater for clinker pyro-processing, calciner, bypass systems, rotary kilns, clinker coolers, fans and firing systems. Its products and services include the segments Project Business (Capex) and Plant Services. Capex (Project Business) offers process technology, design, engineering, project management, and the supply of technical equipment and other activities with an e-learning program, SIMULEX. The Plant Services segment includes the supply of spare and wear parts as well as various plant services, maintenance services such as refurbishing roller presses, technical inspections and audits, as well as consulting and assistance services.