Brief: KHD Humboldt Wedag International Q1 EBIT at -8.0 mln euros
13/05/2016 09:00
May 13 (Reuters) - KHD Humboldt Wedag International AG
KWGG.DE :
* 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
Source text for Eikon: ID:nEQ1nNDNya
Further company coverage: KWGG.DE
($1 = 0.8816 euros)
(Gdynia Newsroom)
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