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Khd Humboldt Wedag International AG Repeats Confirmation Of Its FY 2013 Guidance

Friday, 8 Nov 2013 02:01am EST 

Khd Humboldt Wedag International AG (KHD) announced that despite continuous deterioration of the market conditions, basically confirms the outlook provided in its 2012 Annual Report regarding the economic development of the Group. However, postponements in order intake and execution had a negative impact on cash flow from operating activities and on the order backlog. As KHD executes its order backlog revenues will continue to be positively affected. As already visible for the first nine months KHD expects significantly higher revenues for the full year 2013 in comparison to 2012. The gross profit margin for the full 2013 should be roughly equal to that of the first half-year 2013 and thus will not achieve the same level as in 2012. KHD still expects an increase in EBIT for 2013 with an EBIT margin approximately at 2012 level. 

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