Dyckerhoff reports Euro249m net profits in 2003

Dyckerhoff reports Euro249m net profits in 2003
Published: 19 March 2004

German building materials manufacturer Dyckerhoff AG said on March 17, 2004 its net profit in 2003 stood at Eiuro249m after a net loss of Euro128m reported for the previous year.  Dyckerhoff earnings before interest, tax, depreciations and amortisations (EBITDA) rose by Euro224m to Euro493min 2003.  Company sales fell by 15 per cent year-on-year to Euro1.32bn in 2003, reflecting low cement prices in Germany and the weak US dollar.  Dyckerhoff attributed the return to profit to an efficient restructuring and consolidation programme. Also, the company reduced its staff by 16 per cent to 8280 in 2003.