KHD Humboldt Wedag International AG announced earnings results for the six months ended June 30, 2017. For the six months, the company reported revenue of €48.7 million against €66.6 million a year ago. Adjusted LBIT was €9.8 million against €15.0 million a year ago. LBT was €9.7 million against €15.4 million a year ago. Group net loss for the period of which attributable to parent company shareholders was €10.8 million or €0.22 per share against €17.3 million or €0.35 per share a year ago. Cash flow used in operating activities was €2.1 million against €52.0 million a year ago. Cash outflow for intangible assets was €0.162 million against €0.143 million a year ago. Cash outflow for property, plant and equipment was €0.576 million against €0.427 million a year ago. Loss before interest and taxes was €14.1 million against €18.8 million a year ago.

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.