Brief: KHD Humboldt Wedag International H1 net loss shrinks to EUR 17.3 mln
12/08/2016 09:02
Aug 12 (Reuters) - KHD Humboldt Wedag International AG KWGG.DE :
* 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
Source text for Eikon: ID:nEQKWnTra
Further company coverage: KWGG.DE
($1 = 0.8973 euros)
(Gdynia Newsroom)
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