Dyckerhoff performs strongly in Eastern Europe
The Buzzi Unicem subsidiary Dyckerhoff’s turnover for the first nine months increased by 14.2% to €1217m, with turnover in western Europe being ahead by 15.3% to €633m, while the eastern European operations produced a strong sales growth of 21.6% to €456m. The US business, on the other hand, recorded a 9.8% reduction to €129m. The EBITDA grew by 29.1% to €231, while the trading profit (EBIT) advanced by 42.7% to €127m. The pre-tax profit moved ahead by 56.1% to €89m, but a higher tax charge reduced the advance in the net profit to 32.0% at €66m
Except for the USA, where volumes were in decline, the cement tonnage sold increased in all markets.
Average selling prices increased in Poland, the Ukraine and Russia, but were somewhat lower in all other markets served by the group.
For the full year, Dyckerhoff is expecting a broadly unchanged turnover, but the EBITDA should show a marked improvement. The results for the whole Buzzi Unicem group are expected on Friday. Published under Cement News
