Dyckerhoff Group sales significantly increased in the first half of 2011
Volumes continued to show positive trend – Full-year forecast confirmed: Group sales of about EUR 1.5 billion
Wiesbaden, August 1, 2011 – The volumes of Dyckerhoff products increased in all relevant markets in the first half. Average prices were predominantly lower than those in the same period of the previous year, although an improvement is apparent when compared with the first quarter of 2011. Group sales increased by 21% to EUR 750 million.
Group EBITDA improved by a total of EUR 38 million to EUR 120 million, which is mainly attributable to the volume increases, whereas lower prices and increased costs curbed the positive development. Depreciation and amortization increased as a result of the investment projects completed during the previous year and also because of extraordinary write-downs of EUR 8 million on plant equipment being stored in Germany for the deferred investment projects in Russia and Ukraine; in July, Dyckerhoff sold the majority of this acquired plant equipment. EBIT increased by EUR 26 million to EUR 49 million and result before income taxes rose by EUR 24 million to EUR 25 million. This added up to a result after income taxes of EUR 19 million.
”For 2011 as a whole, we still expect Group sales of about EUR 1.5 billion as well as an EBITDA margin of approximately 17%”, says Wolfgang Bauer, CEO of Dyckerhoff AG.
