Press release

Dyckerhoff Group sales increased considerably in the first quarter of 2011

Volume increases in all markets – Outlook for fiscal year 2011: Group sales at approximately EUR 1.5 billion

The economic upturn and the mild winter led to considerable volume increases in the Dyckerhoff markets, while constructing was hardly possible due to the harsh winter during the first three months of 2010. Sales grew in all divisions; in total, Dyckerhoff Group sales increased by 48 % to EUR 298 million.

Group EBITDA increased by EUR 32 million to EUR 22 million mainly due to the considerable volume increases, whereas price declines for our products and higher costs partly absorbed the positive development. Depreciation and amortization rose by EUR 7 million, and EBIT increased by EUR 25 million. While net investment income increased by EUR 1 million and other financial results by EUR 2 million, net interest decreased by EUR 1 million. The result before income taxes increased accordingly by EUR 27 million to EUR -24 million. In consideration of income taxes, this added up to a result of EUR -17 million, which corresponds to an improvement by EUR 19 million compared to the previous year.

«For 2011 as a whole, we expect a continuation of the positive volume development», says Wolfgang Bauer, CEO of Dyckerhoff AG. «For fiscal year 2011, we assume an improvement in Group sales to approximately EUR 1.5 billion. Based on the assumption that our price increases are accepted by the market, we expect to significantly increase EBITDA. The EBITDA margin will increase to around 17 %», Wolfgang Bauer adds.