Dyckerhoff AG reports declining cement volumes across almost all markets

Dyckerhoff has reported declining cement volumes in almost all markets in 1H13, with Russia and the US the only exception. The company reports that the sales were in line with market expectations, and that concrete, sand and gravel volumes also declines. Group sales were down 6% to €711 million, decreasing in the Germany/Western Europe and Eastern Europe divisions, but seeing a slight growth on 2012 in the US.

EBITDA fell from €86 million to €31 million, including negative one-time effects of €4 million and last year’s positive one-time effects of €5 million. EBIT fell from €50 million to €21 million, as depreciation and amortization decreased by €2 million.

Like Ciment Francais, Dyckerhoff does not anticipate that the negative effects of weather-related volume decreases in 1Q13 will be overcome to bring full-year growth in line with 2012. However, Wolfgang Bauer, CEO of Dyckerhoff AF, noted: “Results before and after taxes will show a positive development as a result of the nonrecurrence of the extraordinary write-downs of 2012.

Adapted from press release by Katherine Guenioui.

Read the article online at: https://www.worldcement.com/europe-cis/01082013/dyckerhoff_cement_volumes_down_in_1h_86/