KHD order intake delay will affect 1H16 forecast

After updating its annual budget, KHD Humboldt Wedag International AG (KHD) is adjusting its forecast for the 2016 financial year accordingly.

The awarding of several significant projects, which were expected to be order intake in the first months of the FY16, has been postponed. As a result, these projects are now planned as order intake in the 2H16 in the updated forecast.

Combined with challenges in the execution of individual large projects this has a substantial impact on the anticipated figures for revenue and EBIT. In accordance with the updated projection, KHD expects revenues of approximately 10 per cent below the previous year’s figure for the FY16. EBIT is predicted to be significantly lower than in the previous year.