German Dyckerhoff sees 2008 US sales down

German Dyckerhoff sees 2008 US sales down
Published: 27 March 2008

Germany’s second-largest cement producer Dyckerhoff AG expects sales in the USA, where a fifth of its turnover is generated, to fall ostensibly in 2008, CEO Wolfgang Bauer said on March 26, 2008.  
 
Bauer based this prospect on the weak residential construction market and the increasing competition in the USA. Therefore, Dyckerhoff’s consolidated profit and turnover are expected to stagnate.  
 
In 2007, Dyckerhoff raised its profit 90 per cent YoY to EUR286m (US$449.3m). The turnover it generated grew 25 per cent to EUR1.8bn (US$2.83bn).