KHD Humboldt Wedag International AG Announces Earnings Results for the Six Months Ended June 30, 2017; Provides Earnings Guidance for the Year of 2017
The company confirms the outlook for EBIT and the EBIT margin. Negative EBIT is expected in the 2017 financial year, though it will improve considerably compared with the previous year's figure negative 33.2 million. Due to cash inflow from payment of receivables, improvements in the management of the working capital, and advance payments related to expected order intake, the group expects that no significant cash outflows will affect the operating cash flow for the entire 2017 financial year, despite the currently negative earnings situation. The company's financial and net asset position will remain stable.