Dyckerhoff Group’s sales up 14%

Dyckerhoff has announced that its Group sales increased by 14% to €1.2 billion in the first nine months of 2011.

The volumes of Dyckerhoff products increased in almost all relevant markets, with the exception of the US, where volumes decreased. Average prices for grey cements were higher than in the first nine months of 2010 in Ukraine, Russia and Poland. In the other countries, prices were not as high as they were the previous year.

Group EBITDA improved by a total of €52 million to €231 million, which is mainly attributable to higher volumes and price increases, particularly in Ukraine and Russia. Lower prices in other regions and increased costs curbed this positive development. Depreciation and amortisation rose as a result of the investment projects completed in the previous year and the write-downs on the plant equipment purchased in previous years for deferred investment projects that the Group sold in the meantime.

EBIT increased by €38 million to €127 million and the result before income taxes rose by €32 million to €89 million. For the first nine months of 2011, this added up to a result after income taxes of €66 million, which is €16 million higher than previous year.

Wolfgang Bauer, CEO of Dyckerhoff AG, said: “For 2011 as a whole our outlook remains unchanged. We expect Group sales at about €1.5 billion and EBITDA to improve significantly.”

Read the article online at: https://www.worldcement.com/europe-cis/08112011/dyckerhoff_sales_up_14_percent/