Dyckerhoff reports modest overall improvement

Dyckerhoff reports modest overall improvement
Published: 07 February 2011

The Buzzi Unicem subsidiary Dyckerhoff’s turnover recovered by 3.2% to €1413m in 2010, having dropped by 30.9% in 2009. Capital expenditure in 2010 was reduced by 33.0% to €181m, as major investment projects were completed and others have been deferred.  Dyckerhoff group cement deliveries recovered by 5.2% to 13.9Mt and the aggregates volume by 7.3% to 5.73Mt, while ready-mixed concrete improved by 7.9% to 6.62Mm³.  Volumes were ahead in all countries other than the Czech Republic, Slovakia and the United States.

In Western Europe, turnover improved by 3.8% to €730m, of which Germany accounted for some 73%, with cement prices edging ahead by 1% in Luxembourg, but declining by 3% in Germany.  Ready-mixed concrete prices were stable in The Netherlands, but came down by some 5% in Germany.  Volumes are currently expected to improve in all three countries where Dyckerhoff operates during 2011.

The East European turnover was ahead by 4.9% to €493m, with cement prices falling by 7% in Poland, by 10% in the Czech Republic and in the Ukraine and by 18% in Russia.  Ready-mixed concrete prices declined by 4% in the Czech Republic, by 5% in the Ukraine, by 10% in Poland and by 12% in Slovakia.  Expect for the Czech Republic, volumes and prices are expected to improve in 2011.

In the United States turnover was down by 2.5% to €192m and cement prices came down by around 7%.  Volumes and prices are still expected by the company to show a further decline in 2011.