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K+S records higher Revenues and Earnings in the second Quarter 2017

  • Revenues: +1.4% to € 742 million; EBIT I almost doubled to € 29 million (Q2/2016: € 15 million)
  • Significant earnings increase in the Potash and Magnesium Products business unit
  • Efficient wastewater management system substantially improves production conditions at the Werra plant
  • Subdued demand for de-icing salt after mild winter in North America
  • Successful production start at the new Bethune potash mine
  • Outlook for 2017 reiterated: EBIT I of € 260-360 million expected
  • Assumptions for EBITDA target in 2020 not realistic anymore from the present point of view
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Changes to the Executive Board of Putzmeister Holding

The Supervisory Board of Putzmeister, the world's leading manufacturer of concrete pumps, mortar machines, mining equipment and thick matter pumps, hereby announces the termination of the contract with Dr. Karch by mutual consent. Following almost nine years as Managing Director of Putzmeister, Dr. Karch sees his task as fulfilled, after he assumed the role of CEO in 2013 at a time when the company was in a difficult economic situation.

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Rema Tip Top provides Maintenance and Service for the Rhenish Lignite Mining Area

 

Rema Tip Top provides services and products for three RWE Power open-pit mining sites in the Rhenish lignite mining area

RWE Power now exclusively relies on Rema Tip Top for the repair and maintenance of the steel cord conveyor belts in their conveyor systems, which transport millions of tons of coal and excavation material from the open-pit mining sites in the Rhenish lignite mining area every year. A new service contract covers services that are to be provided by 120 employees over a period of ten years on-site.

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Wacker Neuson SE appoints new CEO

Today, the Supervisory Board of Wacker Neuson SE has named the successor to Mr. Cem Peksaglam (CEO), whose contract expires in August 2017. Mr. Martin Lehner, CTO and current Deputy CEO, has been appointed to the position.

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Mining the future - Positive Response to the 14th MiningForum in Berlin

More than 370 experts and decision makers met at this year's MiningForum on 1 and 2 June to learn about the latest trends in the raw materials industry, exchange views and expand their network for future cooperation. With stronger than ever international participation, the event welcomed visitors from 18 countries, including Canada, Chile, Finland, Australia and Mongolia.

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"Schrobenhausener Tage" Symposium on Renovation Projects, technical Innovations and changing Values

 

The "Schrobenhausener Tage" symposium was a complete success once again. Approximately 250 customers, partners and friends of the company accepted the invitation of Bauer Spezialtiefbau GmbH to attend the traditional "Schrobenhausener Tage" event in Schrobenhausen in mid-May. Dr. Tilo Klinner, director of foreign trade at Germany's Foreign Office, was among the guests. This year was the first time that attendees, who had traveled from all over Germany, were welcomed by Arnulf Christa, the new Managing Director of Bauer Spezialtiefbau GmbH. In keeping with a long-standing tradition, Walter Haus, member of the Management Board and head of the domestic business unit at Bauer Spezialtiefbau, hosted the event.

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Q1: Hochtief increases Net Profit by 40%

  • EUR 93 million operational net profit (+30% year on year), EUR 88 million nominal net profit (+40%)
    • Operational PBT margin at 3.8%, +20 bps yoy
  • Over EUR 100 million year on year improved net cash from op. activities
    • EBITDA cash conversion rate remains very high at 108% in last twelve months
    • Further reduction in seasonally typical cash outflow
  • EUR 341 million net cash position significantly positive (+ EUR 317 million yoy)
    • Net cash would stand at approximately EUR 1 billion, if adjusted for net investments and dividends in the last twelve months
  • EUR 45 billion order backlog (+23% yoy)
    • Order backlog at highest level since transformation initiated; +13% yoy excluding UGL
    • All divisions show double-digit yoy increases in order backlog
    • New orders rose to EUR 7.4 billion (+18% yoy)
  • First rating for the Group: BBB investment grade by Standard & Poor’s
  • Guidance confirmed: Operational net profit for 2017 of EUR 410–450 million (+13% to 25% yoy)
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In-house Exhibition of Bauer Maschinen Group expanded into new Dimension

 

Visitors from all over the world, innovations as far as the eye can see, and a unique family atmosphere – the in-house exhibition of the Bauer Maschinen Group is always something special. From 6 to 8 May, the event took place in the courtyard of Bauer's headquarters for the 21st time. Not surprisingly, a certain routine had set in over the years. But this year a lot was new. The idea was to be even closer to the customer. Or to put it another way: The idea was to bring the customer even closer to the machines.

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