Dyckerhoff AG : Dyckerhoff: Cement volumes and Group sales below previous year’s level in the first half of 2013

Dyckerhoff: Cement volumes and Group sales below previous year's level in the first half of 2013
Volume declines in Western and Eastern Europe, but volume increases in Russia and USA - Outlook for fiscal year 2013: Group sales and EBITDA slightly below the level of 2012

Wiesbaden, August 1, 2013 - Dyckerhoff's cement volumes developed according to the markets: Cement volumes declined in almost all markets, only in Russia and USA they increased. Concrete as well as sand and gravel volumes were below the previous year, too. Group sales decreased by 6% to EUR 711 million (HY 2012: EUR 753 million). Sales decreased 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 to EUR 86 million (HY 2012: EUR 117 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 to EUR 21 million (HY 2012: EUR 50 million). The result before income taxes fell by EUR 12 million to EUR 10 million (HY 2012: EUR 22 million). In consideration of income taxes, this added up to a result of EUR 7 million (HY 2012: EUR 20 million), which corresponds to a decrease of EUR 13 million, compared to the previous year.

"For 2013 as a whole we expect Group sales and EBITDA slightly below 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", explains Wolfgang Bauer, CEO of Dyckerhoff AG. "Results before and after taxes will show a positive development as a result of the nonrecurrence of the extraordinary write-downs of 2012", Wolfgang Bauer adds.