Edition:
United States

KHD Humboldt Wedag International AG (KWGG.DE)

KWGG.DE on Xetra

1.45EUR
24 Mar 2017
Change (% chg)

€0.05 (+3.50%)
Prev Close
€1.40
Open
€1.42
Day's High
€1.47
Day's Low
€1.40
Volume
45,690
Avg. Vol
15,266
52-wk High
€2.38
52-wk Low
€1.04

Latest Key Developments (Source: Significant Developments)

KHD Humboldt Wedag says awarded contract in Guinea
Thursday, 23 Mar 2017 12:15pm EDT 

Khd Humboldt Wedag International AG :Guinee Industries Ciments (GIC) awarded KHD Humboldt Wedag a new contract to upgrade its cement grinding plant located in capital city Conakry, Guinea.  Full Article

KHD Humboldt Wedag International H1 net loss shrinks to EUR 17.3 mln
Friday, 12 Aug 2016 04:02am EDT 

KHD Humboldt Wedag International AG : H1 revenue decrease of 25.5 percent to 66.6 million euros ($74.22 million) . H1 adjusted EBIT of -15.0 million euros due to low sales volume, low margins on existing projects and additional costs in particular projects . H1 adjusted gross profit of 1.7 million euros (previous year: -8.5 million euros) . H1 group net result for period -17.3 million euros versus -25.8 million euros year ago . Sees FY 2016 higher order intake than in the previous year (154 million euros) . Expects a considerable increase in new orders in the second half-year 2016 . In accordance with the updated planning, KHD expects revenue in the financial year 2016 that will be more than 10 percent lower than the previous year’s value .FY EBIT is expected to be significantly lower than the figure for the financial year 2015.  Full Article

KHD: DPR says consolidated financial statements of KHD ended Dec. 31, 2014 is faulty
Thursday, 21 Jul 2016 11:33am EDT 

KHD Humboldt Wedag International AG : Deutsche Prüfstelle fuer Rechnungslegung (DPR) said consolidated financial statements of KHD Humboldt ended Dec. 31, 2014 is faulty .DPR says there was an inaccurate consolidated net income of 1.580 million euros ($1.74 million)instead of actual net loss reported of 4.288 million euros.  Full Article

KHD Humboldt Wedag International announces new supervisory board chairman
Wednesday, 18 May 2016 12:12pm EDT 

KHD Humboldt Wedag International AG : Newly-elected supervisory board has elected Gerhard Beinhauer to be chairman of KHD Supervisory Board .Xiaofeng 'Frank' Liu has been re-elected as vice chairman.  Full Article

KHD Humboldt Wedag International Q1 EBIT at -8.0 mln euros
Friday, 13 May 2016 04:00am EDT 

KHD Humboldt Wedag International AG : Q1 revenue decrease of 31.4 pct with respect to Q1 of previous year to 34.8 million euros ($39.47 million) . Q1 EBT -6.2 million euros versus -3.0 million euros year ago . Q1 EBIT in an amount of -8.0 million euros is below previous year's figure (-5.5 million euros) . Q1 net profit for period was -6.5 million euros (previous year: -4.2 million euros) . Continues to expect a considerably higher volume of new orders in 2016 financial year than in previous year . However, KHD will not reach revenue and EBIT targets for current financial year . According to current forecast, KHD is expecting revenues for 2016 financial year that will be approximately 10 pct lower than in previous year . 2016 EBIT is expected to be significantly lower than in 2015 financial year .Confirms that forecasted significant increase in order backlog and a balanced operating cash flow can still be achieved.  Full Article

Khd Humboldt Wedag International adjusts FY 2016 outlook
Tuesday, 3 May 2016 05:48am EDT 

Khd Humboldt Wedag International AG:Is adjusting its forecast for the 2016 financial year accordingly.Awarding of several significant projects, which were expected to be order intake in the first months of 2016 financial year, has been postponed.As a result, these projects are now planned as order intake in the second half of 2016 in the updated forecast.Combined with challenges in the execution of individual large projects this has a substantial impact on the forecasted figures for revenue and EBIT.Expects revenues of approx. 10 pct below previous year's figure for 2016 financial year.FY 2016 EBIT is expected to be significantly lower than in previous year.  Full Article

Khd Humboldt Wedag International says chairman of supervisory board not to stand for reelection
Tuesday, 26 Apr 2016 08:00pm EDT 

Khd Humboldt Wedag International AG:Chairman of the supervisory board Hubert Keusch does not stand for reelection.Chairman said for personal reasons he will not stand for re-election to supervisory board at AGM on May 18.  Full Article

Khd Humboldt Wedag International says CEO resigns with immediate effect
Friday, 11 Mar 2016 04:09am EST 

Khd Humboldt Wedag International AG:Chief executive officer (CEO) resigns with immediate effect.Johan Cnossen has decided to step down for personal reasons. His responsibilities will be taken over for an interim period by other management board members​.  Full Article

Khd Humboldt Wedag International says was informed of arbitration award
Friday, 12 Feb 2016 08:29am EST 

Khd Humboldt Wedag International AG:‍Was informed of an award from a Portuguese arbitration court.In this award KHD and its subsidiary Humboldt Wedag, Inc. are jointly ordered to pay damages to a customer in South America​ ‍.Already assessed that arbitration award is expected to lead to expenses for KHD group of approx. 15 million euros in 2015 financial year.‍Reflection of this arbitration award in KHD group's financial statements will not have an impact on forecast result for 2015 financial year​.  Full Article

Khd Humboldt Wedag International to deliver COMFLEX systems in Turkey
Tuesday, 19 Jan 2016 07:00pm EST 

Khd Humboldt Wedag International AG:Says Askale Cimento awarded KHD with contract for two new COMFLEX grinding units.To deliver COMFLEX Roller Press systems for ASKALE’s Akoluk and Bilecik Cement Plants in Turkey.Commissioning of both COMFLEX systems is planned for the first part of 2017.  Full Article

More From Around the Web