29.04.2015 ZhongDe Waste Technology AG  DE000ZDWT018

DGAP-News: ZhongDe Waste Technology AG: Remarkable project progress led to improved financial performance in 2014


 
DGAP-News: ZhongDe Waste Technology AG / Key word(s): Final Results ZhongDe Waste Technology AG: Remarkable project progress led to improved financial performance in 2014 29.04.2015 / 08:27 --------------------------------------------------------------------- Annual report 2014 ZhongDe Waste Technology AG: Remarkable project progress led to improved financial performance in 2014 * Revenues nearly tripled from 12.3 to 35.0 million Euros * EBIT increased by 10.4 million Euros to 3.0 million Euros * Rapid revenue growth expected for 2015 due to further project progress Frankfurt, 29 April 2015 - In the financial year 2014 ZhongDe Waste Technology AG was able to make progress in its current projects and recorded significantly improved financial results. The management expects this positive development to continue in 2015. In 2014, ZhongDe experienced an upturn regarding the progress of its current BOT and EPC projects leading to a significant increase of its financial results for the full-year 2014. Total revenues nearly tripled from 12.3 million Euros in 2013 to 35.0 million Euros in 2014 mainly due to progress in the BOT project in Lanzhou and the EPC project in Dingzhou. In 2014, thereof 33.7 million Euros (2013: 12.2 million Euros) have been accounted for under the ze-ro-profit-method from service concession arrangements and the PoC-method from EPC-projects. While the BOT segment accounted for 23.7 million Euros (2013: 8.6 million Euros), the EPC segment accounted for 10.1 million Euros of ZhongDe's group revenues (2013: 3.7 million Euros). The remaining 1.2 million Euros were contributed by the sale of one medium-sized incinerator. Gross profit turned from a loss of -0.9 million Euros in 2013 to a profit of 0.5 million Euros in 2014. The gross profit margin grew by 8 percentage points to 1.0 per cent (2013: -7.0 per cent). In the financial years 2013 and 2014 the operating profit was significantly influenced by special effects resulting from the project valuation and in addition by the positive one-off ef-fect out of the sale of the subsidiary in Beijing (2013: 10.3 million Euros). EBITDA adjusted for the extraordinary effects went up from -6.0 million Euros to -2.2 million Euros. Including the extraordinary effects, EBIT improved to 3.0 million Euros (2013: -7.4 million Euros), cor-responding to an EBIT margin of 9.0 per cent (2013: -60.0 per cent). Even though 2014 was still a challenging year for ZhongDe, the company managed to reduce its net loss to -1.0 mil-lion Euros (2013: -8.3 million Euros). Despite the net loss of -1.0 million Euros the equity of ZhongDe Waste increased to 112.9 million Euros in 2014 (2013: 103.0 million Euros) mainly due to changes in the foreign currency reserve of 10.9 million Euros. Remaining high order backlog and good cash position The total order backlog of 212.5 million Euros (31 December 2013: 226.1 million Euros) proves ZhongDe's ability to generate revenue and profit in the future. The decrease of order backlog reflects the company's ability to complete its projects as the year-on-year decline of the order backlog is triggered by the stage of completion of each project. As at 31 December 2014, the cash position of the company amounted to 87.2 million Euros (As at 31 December 2013: 110.1 million Euros). Besides the higher cash outflow due to the project progress, the decrease in cash position was caused by the repayment of bank loans. Further strong growth expected for 2015 Looking ahead to 2015 and 2016 ZhongDe expects to continue to benefit from the favorable political and economic environment for eco-friendly waste disposal, as well as from the grow-ing demand for energy-from-waste-plants, both in China and throughout Asia. Thus, the Management Board is confident that more contracts can be signed in 2015 and in the follow-ing years. With regard to the completion of ZhongDe's current BOT and EPC projects, the BOT projects in Zhoukou and Xianning are scheduled for completion in 2015 and the BOT project Kunming in 2016. Also the EPC projects in Dingzhou and Zhucheng are expected to be completed in 2015. After the completion of its current BOT and EPC projects, ZhongDe plans to further strengthen its focus on EPC projects since revenues and profits can be recognized earlier from EPC projects than from BOT projects. The management of ZhongDe expects 2015 to remain a transition period, during which ZhongDe is focusing on the finalization of the existing projects and on the progress of the construction in Lanzhou and Wuhai. Based on the assumption that the project progress will develop as planned, the management expects to be able to continue the rapid growth in rev-enues and gross profit in 2015. Accordingly, EBIT and net result for the period will follow this trend. Please find the complete annual report of ZhongDe Waste Technology AG on the company's website under the following link: http://www.zhongde-ag.com/investor_relations/publikationen.html About ZhongDe Group ZhongDe Group designs, invests, constructs, finances and operates energy-from-waste plants generating electricity from the incineration of solid municipal and industrial waste. ZhongDe realizes either EPC (Engineering, Procurement and Construction) or BOT (Build, Operate and Transfer) projects, focusing on large-scale plants with waste disposal capacities of around 1,000 tons per day. Since 1996, ZhongDe Group has installed approximately 200 waste incinerators in 13 provinces throughout China. ZhongDe is one of the leading players in the project development and operation of energy-from-waste plants in China. Contact ZhongDe Waste Technology AG William Jiuhua Wang Executive Director and CFO E-Mail: [email protected]   Ying Sun Investor Relations Messeturm 25th floor Friedrich-Ebert-Anlage 49 60308 Frankfurt am Main T: +49 69 50956 5655 F: +49 69 50956 5520 E-Mail: [email protected] Kirchhoff Consult AG Nicole Schüttforth Investor Relations Consultant T: +49 40 60 91 86 64 F: +49 40 60 91 86 60 E-Mail: [email protected] --------------------------------------------------------------------- 29.04.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: ZhongDe Waste Technology AG Messeturm 25th floor 60308 Frankfurt Germany Phone: + 49 69 50956 5655 Fax: + 49 69 50956 5520 E-mail: [email protected],[email protected] Internet: www.zhongde-ag.de ISIN: DE000ZDWT018 WKN: ZDWT01 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 350055 29.04.2015


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA1,2 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA-Marge3 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT1,4 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT-Marge5 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Jahresüberschuss1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Netto-Marge6 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Cashflow1,7 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Ergebnis je Aktie8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer:

INVESTOR-INFORMATIONEN
©boersengefluester.de
WKN Kurs in € Einschätzung Börsenwert in Mio. €
0,000 0,00
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,00 0,00
KBV KCV KUV EV/EBITDA
0,00 0,00 0,00 0,00
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,00 0,00
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,00% 0,00% 0,00% 0,00%
    
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