Press release

Dyckerhoff Group sales decreased slightly in the first quarter of 2012 as a result of weather conditions

Weather-related volume declines in Western Europe – Outlook for fiscal year 2012 unchanged: Group sales on the level of 2011

Wiesbaden, May 3, 2012 – At the beginning of 2012, the winter weather in Western Europe resulted in less construction activity and, therefore, to volume decreases, while previous year’s first quarter was favored by unusual mild weather. Group sales decreased by 3%, thereby, sales increases in the Eastern Europe and USA divisions could not offset the decrease in the Germany / Western Europe division.

Group EBITDA declined by a total of EUR 22 million, mainly due to the volume decreases. Thereof, one-time effects totaled EUR 12 million; in the previous year, essentially a book profit relating to the sale of a former office building in Luxembourg as well as income from trading with CO2 emission rights had a positive effect on EBITDA. The remaining decline of EUR 10 million resulted from weather conditions. As depreciation and amortization fell by EUR 2 million, EBIT decreased by EUR 20 million to EUR -34 million. While net investment income and other financial results deteriorated, net interest improved. The result before income taxes decreased by EUR 22 million to EUR -46 million. In consideration of income taxes, this added up to a result of EUR -32 million, which corresponds to a decline of EUR 15 million, compared to the previous year.

“For 2012 as a whole, we continue expecting Group sales on the level of 2011”, says Wolfgang Bauer, CEO of Dyckerhoff AG. ”EBITDA and the results before and after taxes, too, will be in the magnitude of the year 2011”, Wolfgang Bauer adds.