Dyckerhoff AG has announced its preliminary results for FY12. Total sales came in at an expected €1.6 billion, a stable performance in line with 2011’s €1.6 billion. In terms of volumes, cement sales fell by 2% and concrete by 7%. Cement prices varied across the markets in which the Group operates. Although prices were stable in the Czech Republic and increased in Germany, Ukraine, Russia and the USA, they experienced a decline in Poland and Luxembourg.
Commenting on the preliminary results, Dyckerhoff AG CEO Wolfgang Bauer stated: “As expected, Dyckerhoff Group’s EBITDA for the fiscal year 2012 will be at a similar level as in the previous year. EBIT as well as results before and after taxes will be below the previous year’s level. Here, an impairment of around €26 million against the carrying amount of fixed assets already acquired for the planned plant in Akbulak in Russia has an effect. In addition, the result after income taxes is affected by a write-down of deferred tax assets of around €13 million”.
Adapted from press release by Louise Fordham.
Read the article online at: https://www.worldcement.com/europe-cis/07022013/cement_sales_results_dyckerhoff_2012_862/