DGAP-Adhoc

KHD Humboldt Wedag International AG: Correction of Errors in KHD's Consolidated Financial Statements - Investigation Result

KHD Humboldt Wedag International AG / Key word(s): Miscellaneous

11.08.2015 15:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Correction of Errors in KHD's Consolidated Financial Statements
-Investigation Result

Cologne, Germany, August 11, 2015 - As informed in the ad hoc announcement
dated June 19, 2015, errors in the measurement of individual projects in
the 2014 financial year relating to Humboldt Wedag, Inc., the US subsidiary
of KHD Humboldt Wedag International AG (KHD), Cologne, have been
identified.

In accordance with IAS 8, the errors from the 2014 financial year shall be
corrected retrospectively in KHD's upcoming Half Year Report 2015 by
restating the comparative amounts for the prior periods (half-year as of
June 30, 2014 and financial year as of December 31, 2014). Following the
conclusion of the internal investigation, revenue was overstated in an
amount of EUR 11.7 million and cost of sales was understated in an amount
of EUR 2.0 million. This results in an equity reduction of EUR 14.9 million
due to currency exchange effects. The restatements relating to the balance
sheet and the income statement for the half-year as of June 30, 2014 and
financial year as of December 31, 2014 will be disclosed and explained in
the notes of the Half Year Report 2015.

KHD Group
KHD is a global leader for providing equipment and services to cement
producers with over 150 years of experience in the cement industry. Process
engineering and project management are among the core competencies of the
technology-focused group. KHD offers a wide spectrum of products and
services for the cement industry and is a leader in environmentally
friendly and energy-efficient products for the grinding and pyro processing
sections of the plants. The holding company KHD Humboldt Wedag
International AG, based in Cologne, Germany, coordinates its
internationally operating subsidiaries. The group employs more than 750
employees worldwide, including customer service centers in growing markets
like India, Russia and the Asia Pacific region. KHD Humboldt Wedag
International AG (ISIN: DE0006578008, WKN: 657800) is listed on the
Frankfurt stock exchange (General Standard). More information: www.khd.com.

Additional Information:
ISIN: DE0006578008
Securities identification number (WKN): 657800
Market segment: Regulated Market (General Standard) of the Frankfurt Stock
Exchange
KHD Humboldt Wedag International AG
Colonia-Allee 3
51067 Cologne, Germany

End of Ad-hoc Announcement

Contact:
KHD Humboldt Wedag International AG
Michael Nielsen
Investor Relations
Tel.: +49 (0)221 - 6504-1500
E-Mail: [e-mail]
Website: www.khd.com


11.08.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: KHD Humboldt Wedag International AG
Colonia-Allee 3
51067 Köln
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.khd.com
ISIN: DE0006578008
WKN: 657800
Listed: Regulated Market in Frankfurt (General Standard); Regulated
Unofficial Market in Berlin

End of Announcement DGAP News-Service

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