KHD Humboldt Wedag International AG reported group earnings results for the six months ended June 30, 2018. For the period, the company reported revenue of €64.122 million against €48.747 million a year ago. The reason for increase in revenue was primarily the order backlog at the beginning of the financial year, which was relatively high in comparison with previous periods. Loss before interest and taxes (LBIT) was €6.485 million against €14.143 million a year ago. LBT was €3.030 million against €9.701 million a year ago. Net loss for the period of €4.591 million against €10.848 million a year ago. Net loss attributable to the parent company shareholders was €4.598 million against €10.835 million a year ago. LPS was €0.09 against €0.22 a year ago. Cash used in operating activities was €4.574 million against €2.123 million a year ago. Cash outflow for intangible assets was €0.325 million against €0.162 million a year ago. Cash outflow for property, plant and equipment was €1.149 million against €0.576 million a year ago. Adjusted LBIT was €5.5 million against 9.8 million a year ago.

For the full year 2018, Group confirms the outlook for revenue, the adjusted EBIT and adjusted EBIT margin, that is, these key figures will improve significantly over those for the 2017 financial year. The KHD Group expects that the currently negative earnings situation and expected cash outflows from projects will affect the operating cash flow, that is, compared with the first half-year the entire 2018 financial year will show significant cash outflows.