Ad-hoc-News

Release of an Ad hoc announcement according to Sec. 15, German Securities Trading Act (WpHG)

 

ZhongDe Waste Technology AG: Further delays in completion process of energy-from-waste plants leads to revision of full year 2011 outlook

 

Frankfurt, 24 November 2011

According to the preliminary results for the third quarter of 2011, ZhongDe Waste Technology AG ("ZhongDe", "the Company", Ticker symbol "ZEF") generated revenues of 6.4 million Euro and 1.5 million Euro gross profit while EBIT amounted to -1.2 million Euro. Compared to the third quarter of 2010, this represents a revenue increase of 38.8%. At the same time, gross profit increased by 16.6% while EBIT decreased by 90.7%.

 

Based on the preliminary results for Q3, ZhongDe’s revenues in the first nine moths of 2011 amounted to 13.4 million Euro, decreasing by 31.5% compared to the first nine months of 2010. EBIT decreased, too, and total -3.7 million Euro compared to -1.2 million Euro in the first nine months of 2010.

 

Even though the preliminary operating result is worse than expected, ZhongDe’s net cash position of around 100 million Euro as at 30 September 2011 still remains on a high level. This strong cash position ensures the flexibility of ZhongDe in the fields of BOT investment and project finance.

 

The net loss in the third quarter, was mainly caused by further delays in the completion process of energy-from-waste plants under construction. ZhongDe expects three or four projects under construction to be completed in 2012. Accordingly, ZhongDe now expects revenues and net result for the full year 2011 to be slightly below previous year’s benchmark. In line with the delays, the Company anticipates the affected projects to generate their contribution to the Company’s income in the course of 2012.

 

 

Contact

William Jiuhua Wang

Executive Director and CFO
E-Mail: william.jw@zhongdetech.com

 

Ying Sun

Herriotstr. 1
60528 Frankfurt am Main
Germany

T: +49 69 67733 172

F: +49 69 67733 200

E-Mail: ying.sun@zhongde-ag.de

 

Kirchhoff Consult AG

Nicole Schüttforth
Investor Relations Consultant

T: +49 40 60 91 86 64
F: +49 40 60 91 86 60
E-Mail: nicole.schuettforth@kirchhoff.de

Investor Relations

25 June 2018

ZhongDe Waste Technology AG: Downlisting from the Prime Standard to the General Standard of the Regulated Market


Details

10 April 2018

ZhongDe Waste Technology AG: Financial Statements 2016


Details

19 April 2017

ZhongDe Waste Technology AG: Publication of Annual Report 2016 postponed


Details

28 December 2016

ZhongDe Waste Technology AG: Significant extraordinary profit in 2016


Details

24 November 2016

ZhongDe Waste Technology AG revises guidance


Details

14 October 2016

ZhongDe sells all shares in Chung Hua Environment Protection (Holding)
Group Ltd.


Details

27 September 2016

ZhongDe negotiates on the sale of all shares in Chung Hua Environment Protection (Holding) Group Ltd.


Details

20 September 2016

Changes in the Supervisory Board


Details

9 June 2016

CFO William Jiuhua Wang resigns


Details

13 November 2015

ZhongDe Waste Technology AG: Preliminary nine-months results and adjusted full-year guidance


Details

14 November 2013

Release according to Article 26 para. 1 WpHG [German Securities Trading Act]


Details

14 November 2013

Release according to Article 26 para. 1 WpHG [German Securities Trading Act]


Details

28 April 2013

ZhongDe Waste Technology AG: Challenging circumstances adversely affect results 2012


Details

11 July 2012

Resignation of the chairman of the Supervisory Board as per 30 August 2012


Details

5 April 2012

Correction of the Publication pursuant to section 26 para. 1 WpHG dated 22 March 2012


Details

30 March 2012

ZhongDe Waste Technology AG: Delays in completion of energy-from-waste plants lead to net loss for full year 2011


Details

22 March 2012

Release according to Article 26 para. 1 WpHG [German Securities Trading Act]


Details

7 February 2012

Release according to Article 26 para. 1 WpHG [German Securities Trading Act] (in German)


Details

7 February 2012

Release according to Article 26 para. 1 WpHG [German Securities Trading Act]


Details

24 November 2011

ZhongDe Waste Technology AG: Further delays in completion process of energy-from-waste plants leads to revision of full year 2011 outlook


Details

22 August 2011

ZhongDe Waste Technology AG: Preliminary Q2 2011 results better than Q1 2011 but worse than Q2 2010


Details

15 April 2011
ZhongDe Waste Technology AG: Financial performance 2010 impacted by delay of construction progress of energy-from-waste projects
Details

31 December 2010
Release of an Ad hoc announcement according to Sec. 15, German Securities Trading Act (WpHG)
Details

9 December 2009
Release according to Article 26 para. 1 WpHG [German Securities Trading Act] (in German)
Details

16 November 2009
ZhongDe Waste Technology AG: Preliminary figures for the first nine months reflect difficult market environment in small- and medium-size incinerators segment
Details

7 September 2009
DGAP-Adhoc: ZhongDe Waste Technology AG: Share Buy-Back
Details

26 August 2009
Decrease of Revenues and Profits of ZhongDe Waste Technology in the first half year 2009
Details

28 April 2009
Change in Management Board at ZhongDe Waste Technology
Details

23 January 2009
Ad hoc announcement according to § 15 WpHG of 23 January 2009
Details

13 June 2008
Release according to Article 26 para. 1 WpHG [German Securities Trading Act]
Details

29 April 2008
Ad hoc announcement according to § 15 WpHG of 29 April 2008
Details

11 March 2008
Ad hoc announcement according to § 15 WpHG of 11 March 2008
Details

27 February 2008
Release according to Article 26 para. 1 WpHG [German Securities Trading Act]
Details

17 July 2007
Release according to Article 26 para. 1 WpHG [German Securities Trading Act] - II
Details

17 July 2007
Release according to Article 26 para. 1 WpHG [German Securities Trading Act] - I
Details

13 July 2007
Veröffentlichung nach § 26 Abs. 1 Wertpapierhandelsgesetz
Details

5 July 2007
Ad hoc announcement according to § 15 WpHG of 5 July 2007
Details

28 June 2007
Ad hoc announcement according to § 15 WpHG of 28 June 2007
Details