08 November 2010

Dyckerhoff discloses nine-month figures

We report hereunder the ad-hoc-release issued today by the subsidiary Dyckerhoff AG, according to Article 15 Securities Trading Act (WpHG).

Key figures of the Dyckerhoff Group

(in million of euro)
      Jan - Sep
      Jan - Sep
Group sales       1,066       1,059       7
thereof division
Germany/Western Europe
thereof division
Eastern Europe
thereof division
- 15
thereof intercompany sales       - 1       - 1      

EBITDA       179       241       - 62
EBIT (operating result)       89       155       - 66
Result before income taxes       57       128       - 71
Net profit       50       96       - 46

While volumes went up in a large part of Dyckerhoff’s markets, prices declined in almost all regions compared to previous year. Dyckerhoff Group sales remained on previous year’s level in the first nine months of 2010.

Group EBITDA decreased by EUR 62 million. This was attributable to the considerable reduction in prices and the shortfall of previous year’s positive one-time effects. Depreciation and amortization increased by EUR 4 million and EBIT dropped by EUR 66 million. Net investment income increased by EUR 5 million. Net interest costs increased by EUR 6 million, essentially due to the borrower’s note loan taken up in 2009. Other financial results declined by EUR 4 million. Result before income taxes declined by EUR 71 million. Income taxes include a one-time income from the release of a tax provision in the US that amounted to EUR 11 million. Result after income taxes totaled EUR 50 million.

For fiscal year 2010 Dyckerhoff continues to anticipate sales of the Dyckerhoff Group to remain at approximately EUR 1.4 billion, which corresponds to the previous year's level. With an EBITDA margin at just under 18%, Dyckerhoff anticipates a marked decline in EBT and group net profit.

The complete interim report will be released on November 8, 2010 at noon.

Company contacts:
Investor Relations Assistant
Mariangiola Fiore
Phone +39 0142 416 404