DGAP-Adhoc

KHD Humboldt Wedag International AG: Correction of Errors in KHD's 2014 Consolidated Financial Statements - after external Audit

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

08.03.2016 10:34

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 2014 Consolidated Financial Statements -
after external Audit

Cologne, Germany, March 8, 2016 - As informed in the ad hoc announcement
dated June 19, 2015, errors were identified 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. In an ad hoc publication dated August 11, 2015, KHD announced a
reduction of earnings before interest and taxes (EBIT) amounting to EUR
13.7 million and an equity reduction in an amount of EUR 14.9 million based
on a preliminary assessment of the error. In accordance with IAS 8, the
error correction was done retrospectively while preparing the Half Year
Report 2015.

Following the conclusion of the audit of the 2015 consolidated financial
statements there now is evidence that resulted in a lower error, which is
to be corrected by restating the comparative amounts for prior periods.

The error from the 2014 financial year has now been corrected
retrospectively while preparing the 2015 consolidated financial statements
by restating the comparative amounts for the 2014 financial year.

In KHD's 2015 consolidated financial statements to be published on March
18, 2016, it will be disclosed that in the 2014 financial year revenue was
overstated in an amount of EUR 5.9 million. This results in an equity
reduction of EUR 6.4 million due to currency exchange effects.

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


08.03.2016 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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