Dyckerhoff sees 5% fall in group sales

Dyckerhoff sees 5% fall in group sales
Published: 02 August 2010

Dyckerhoff has reported that it could not totally make up for the volume declines of the first quarter. In addition, prices declined for the most part. As a result, group sales fell by just under 5% in the first half of 2010.

Group EBITDA decreased by EUR54m to EUR82m, which was attributable to a reduction in volumes and prices on the one hand. On the other hand, the previous half-year included positive one-time effects of EUR26m.

Depreciation and amortization rose by EUR3m and EBIT dropped by EUR57m. Interest expense increased by EUR3m, essentially due to the borrower’s note loan taken up in 2009. Interest income declined by EUR2m. Net investment income increased by EUR4m. Result before income taxes declined by EUR58m. This resulted in a net profit totaling EUR 1m.

For fiscal year 2010 Dyckerhoff continues to anticipate sales of the Dyckerhoff Group to remain at approximately EUR1.4bn, which corresponds to the previous year’s level. With an EBITDA margin at just under 18 %, Dyckerhoff anticipates a marked decline in EBT and Group net profit.

The complete interim report will be released on August 2, 2010 at noon.