Press release

Dyckerhoff Group sales 2009 in accordance with expectations; trading conditions to remain challenging in 2010

Dyckerhoff AG preliminary Group sales decreased by 31 % to almost EUR 1.4 billion in fiscal year 2009. To this decline led volume decreases in all divisions as well as declined prices in Eastern Europe and in the USA; only exception was the Czech Republic. The foreign share of Group sales decreased by 9 percentage points to 62 % compared to previous year. Cement and concrete volumes went down by 24 % and 25 %, respectively, in fiscal year 2009; especially Ukraine and Russia slashed.

„According to this development, Dyckerhoff Group’s EBITDA and net profit will decrease significantly in fiscal year 2009. However, we still continue to expect an EBITDA margin slightly above 20 % and return on sales to be just over 7 %”, explains Wolfgang Bauer, CEO of Dyckerhoff AG.

„For fiscal year 2010, we believe that the Dyckerhoff Group will stabilize and that sales will level the previous year. In fiscal year 2009, EBITDA included one-time income of about EUR 20 million. We, therefore, expect earnings to show a decrease in 2010, while our markets will continue to experience challenging market conditions“, Wolfgang Bauer adds.

Dyckerhoff and Sievert rearranged their partnership and arranged the corporate management as follows: Sievert will take the businesses of logistics, the construction chemistry and the majority share in quick-mix. Dyckerhoff will take a major part of the ready-mixed concrete business. The rearrangement still needs approval from the antitrust authority.