Cement News tagged under: dyckerhoff

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Buzzi Unicem completes buy-out of Dyckerhoff shares

28 August 2013, Published under Cement News

Buzzi Unicem said on Tuesday that the squeeze-out of all outstanding ordinary and preferred shares in German-based Dyckerhoff AG still held by minority shareholders was recorded in the Commercial Register in Germany. As a result, as of 27 August 2013, the Italian cement major holds 100 per cent of Dyckerhoff. The payment to the minority shareholders of the cash compensation equal to EUR47.16 per share for a total EUR65.3m is expected to be carried out on 30 August 2013. The stock excha...

S&P puts Buzzi Unicem, Dyckerhoff ratings on credit watch

09 August 2013, Published under Cement News

Standard & Poor's has placed Buzzi Unicem’s rating on credit watch with negative implications, the Italian cement major announced in a statement. Buzzi Unicem's corporate rating is currently at BB+/Stable/B. The rating for Dyckerhoff AG, Buzzi Unicem’s wholly-owned subsidiary, has also been placed on credit watch. S&P said the decision was due to first-half results which were lower than expected in some key market, particularly Italy, Mexico and Eastern Europe. For the first half ...

Dyckerhoff shareholders approve Buzzi offer

16 July 2013, Published under Cement News

The shareholders' meeting of Dyckerhoff AG gave the go-ahead to the squeeze-out launched by parent company Buzzi Unicem SpA on all outstanding ordinary and preferred Dyckerhoff shares still in the hands of minority shareholders. Buzzi Unicem's acquisition of the remaining stock of Dyckerhoff and the following cash payment of EUR47.16 per share ( for a total amount of EUR65.3m) will become effective with the recording of such shareholders' resolution in the Commercial Register in Germany, ...

Buzzi Unicem is advancing in Russia and in the USA

13 May 2013, Published under Cement News

Buzzi Unicem's first-quarter turnover declined by 10.5 per cent to €503.14m and the EBITDA dropped by 51 per cent to €11.75m but advances were seen in Russia and the USA. The loss at the trading level was 29.7 per cent higher at €42.03m. Net financial charges declined by 7.3 per cent to €25.83m to give a seasonal pre-tax loss 7.1 per cent higher at €68.82m. Net debt at the end of March was 9.1 per cent higher at €1227m, giving a gearing level of 50.4 per cent compared with 47.1 per cent a...

Dyckerhoff sees advances in Russia, USA volumes stable

03 May 2013, Published under Cement News

Dyckerhoff Group, a Buzzi Unicem subsidiary, reported a decline in sales for the first three months to the end of March 2013 due to unfavourable weather conditions. In an advanced statement, the group said that total sales were down by 11 per cent. Sales were down in all regions in which the group operates except for Russia where volumes increased, and the USA where they remained almost stable. Group EBITDA fell by a total of EUR9m, of which EUR2m was due to a one-time negative effect. Th...

Dyckerhoff net profit down on European markets

18 March 2013, Published under Cement News

Buzzi Unicem's subsidiary Dyckerhoff has confirmed that net profit in 2012 fell as declines in Europe could not be offset by volume increases in Russia and the USA. The German-based cement major said in a release on Friday that net attributable profit for the year fell 59.2 per cent from the year before to EUR26.9m. Group EBITDA of fiscal year 2012 amounted to EUR 284.2m including one-time one-time effects of EUR4.8m mainly from the sale of a real estate property in Memphis, US. Positive on...

Mixed results for Ukrainian producers

15 February 2013, Published under Cement News

Two of Ukraine’s leading  cement producers have reported a mixed set of full year 2012 results. Volyn Cement ended 2012 with a net profit of UAH4.032m, according to preliminary data published by Ukrainan News. In 2011, it saw its net revenues up 50.72 per cent or UAH 219.35m to UAH651.838m, comparing with 2010. Volyn Cement is a subsidiary of Dyckerhoff of Germany and operates two integrated works with a combined capacity of 3Mta. Podilskyi Tsement reported a loss of UAH101.418m for ...

Buzzi Unicem: Russia and America perform well

11 February 2013, Published under Cement News

Buzzi Unicem turnover edged ahead by 0.9 per cent last year to €2813m, of which Dyckerhoff contributed an almost unchanged €1603m. The underlying EBITDA, which will be announced on 28 March, is estimated to be around €450m. Net debt at the end of December had been reduced by 1.6 per cent to €1125m. Group cement deliveries declined by 3.4 per cent last year to 27.3Mt, but they were ahead in the Russia, the USA and Mexico. Ready-mixed concrete deliveries were down 9.5 per cent to 13.6Mm³ in sp...

Dyckerhoff improves cement profits in Russia and the USA       

04 February 2013, Published under Cement News

Preliminary figures from the Buzzi Unicem subsidiary Dyckerhoff show turnover edging ahead by 0.2 per cent to €1603m in 2012. Of this, 37 per cent was generated in Germany, 39 per cent in Eastern Europe and Russia, 11 per cent in the Benelux and 13 per cent in the United States. Group cement deliveries were 2.4 per cent lower at 15.53m tonnes, while ready-mixed concrete volumes were 7.3 per cent lower at 7.32Mm³. ...

Dyckerhoff to take impairment charge on Russian project

25 January 2013, Published under Cement News

German cement major said it is to take an impairment charge of approximately EUR26m on fixed assets due to a cement project in Russia that was halted in 2009.   Due to the impact of the global financial crisis, Dyckerhoff stopped construction of the new plant and construction has not resumed to-date. Following an extensive analysis conducted by the company, Dyckerhoff has said that construction of the project at the planned location “is not assured in the foreseeable future.” Therefore an i...