German Dyckerhoff 1Q08 net profit rises to EUR40m

German Dyckerhoff 1Q08 net profit rises to EUR40m
Published: 08 May 2008

Germany’s second largest cement producer Dyckerhoff AG booked a net profit of EUR40m in the first quarter of 2008, up by EUR32m from the same period a year earlier, the company said on May 7.
The pre-tax profit advanced by EUR44m on the year to EUR55m, and EBITDA grew by EUR48m to EUR91m.
The group generated sales of 400 mln euro ($619 mln), an annual increase of 36 pct.
The economic environment in eastern and western Europe was favourable, the company said. The business was boosted by the expanding construction industries, especially in eastern Europe, but in the USA both the slowdown in residential construction and the bad weather at the beginning of the year caused declines in sales, Dyckerhoff added.
Dyckerhoff CEO Wolfgang Bauer said the company wants to continue the positive development in the full 2008. The firm’s net profit and sales are expected to register a slight improvement.