Dyckerhoff sales increase

Dyckerhoff sales increase
14 March 2012

German-based Dyckerhoff increased sales by EUR186.8m (or 13.2 per cent) to EUR1.6bn compared to 2012. The company said it benefitted considerably from a mild winter which facilitated cement and concrete deliveries through the year. This led to volume increases of 15 and 19 per cent, respectively.

Group EBITDA rose by EUR72.4m (33.1 per cent) to EUR291m. This includes positive one-time effects totaling EUR6.3m, mainly from the sale of a former office building in Luxembourg. This compares to negative one-time effects of EUR10.6m in 2010, particularly related to the mothballing of the Obglesby plant in the USA.

Average cement prices declined in Germany, Luxembourg, Czech Republic and USA while they increased in Poloand, Ukraine and Russia. Germany and Western Europe accounted for approximately 52 per cent of total sales, 37 per cent to Eastern Europe and 11 per cent to the USA.

For 2012, Dyckerhoff expects group sales and EBITDA to be similar to 2011 levels.

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