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ZhongDe Waste Technology AG Friedrich-Ebert-Anlage 49 60308 Frankfurt, Germany http://www.zhongdetech.de
Contact Ms Ying Sun +49 69 67733172
Company logo of ZhongDe Waste Technology AG
ZhongDe Waste Technology AG

ZhongDe Waste Technology AG: Challenging circumstances adversely affect results 2012

(PresseBox) (Frankfurt, )
.
- Revenues decreased by 24.0 per cent to 24.8 million Euros
- EBIT amounted to -12.6 million Euros
- Order intake strongly increased to 140.6 million Euros
- Order backlog grew significantly to 257.4 million Euros
- Solid cash position

2012 was a very challenging transition period for ZhongDe Waste Technology AG in regards to the completion of its running BOT and EPC projects. While revenues decreased to 24.8 million Euros, gross profit went down by 62.0 per cent to 1.6 million Euros. The company expects to benefit from the favorable economic environment in China for eco-friendly waste disposal in the future.

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