01 August 2013

Dyckerhoff group sales below previous year's level in the first half of 2013

We report hereunder the ad-hoc-release issued today by the subsidiary Dyckerhoff AG, according to Article 15 Securities Trading Act (WpHG).

Key figures of the Dyckerhoff Group:

(million of euro)
      Jan - Jun
      Jan - Jun
Group sales       711       753       - 42
thereof division
Germany/Western Europe
      346       373       - 27
thereof division
Eastern Europe
      263       281       - 18
thereof division
      102       100       2
thereof intercompany       0       - 1       1
EBITDA       86       117       - 31
EBIT       21       50       - 29
Result before income taxes       10       22       - 12
Result after income taxes       7       20       - 13

In the first half of 2013 Dyckerhoff’s cement volumes were below previous year’s level. Cement volumes increased in Russia and USA, they decreased in all other markets. Concrete as well as sand and gravel volumes were also below the previous year. Group sales decreased by 6%. Sales declined in the Germany / Western Europe and Eastern Europe divisions, while in the USA division they slightly exceeded the previous year.

Group EBITDA declined by EUR 31 million. This includes negative one-time effects of EUR 4 million, in the previous year positive one-time effects amounted to EUR 5 million. Depreciation and amortization decreased by EUR 2 million, therefore, EBIT dropped by EUR 29 million. The result before income taxes fell by EUR 12 million. In consideration of income taxes, this added up to a result of EUR 7 million.

For fiscal year 2013, Dyckerhoff expects Group sales and EBITDA slightly below the previous year’s level. This is based on the assumption that the weather-related volume decreases of the first quarter cannot be fully caught up. Results before and after taxes will show a positive development as a result of the nonrecurrence of the extraordinary write-downs of 2012.

The complete Interim Report will be released on August 1, 2013 at noon.

Company contacts:
Investor Relations Assistant
Mariangiola Fiore
Phone +39 0142 416 404