04 May 2011

Dyckerhoff group sales increased considerably in the first quarter 2011

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  euro)
      Jan - Mar
        Jan - Mar
Group sales       298         202         96
thereof division
Germany/Western Europe
      179         113         66
thereof division
Eastern Europe
      87         60         27
thereof division
United States of America
      32         29         3
EBITDA       22         - 10         32
EBIT       - 14         - 39         25
Result before income taxes       - 24         - 51         27
Net profit (loss)       - 17         - 36         19


The economic upturn and the mild winter led to considerable volume increases. Dyckerhoff group sales increased by 48%, all divisions contributed to the increase.

Group EBITDA grew by EUR 32 million to EUR 22 million, mainly due to the considerable volume increases, whereas price declines for our products and higher costs partly absorbed the positive development. Depreciation and amortization rose by EUR 7 million and EBIT increased by EUR 25 million. While net investment income increased by EUR 1 million and other financial results by EUR 2 million, net interest decreased by EUR 1 million. The result before income taxes increased accordingly by EUR 27 million. In consideration of income taxes, this added up to a result of EUR -17 million.

For fiscal year 2011 Dyckerhoff expects Group sales at approximately EUR 1.5 billion. Based on the assumption that price increases are accepted by the market, Dyckerhoff expects to significantly increase EBITDA. The EBITDA margin will increase to around 17%.

The complete Interim Report will be released on May 4, 2011 at noon.

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