Dyckerhoff continues to grow
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:
(million euro) | Jan - Sep 2008 | Jan - Sep 2007 | change 08/07 | |||||||||
| Group sales | 1,548 | 1,315 | 233 | |||||||||
| thereof division Germany/Western Europe | 621 | 548 | 73 | |||||||||
| thereof division Eastern Europe | 736 | 533 | 203 | |||||||||
| thereof division United States of America | 191 | 234 | - 43 | |||||||||
| EBITDA | 466 | 356 | 110 | |||||||||
| EBIT (Operating result) | 366 | 277 | 89 | |||||||||
| EBT | 346 | 265 | 81 | |||||||||
| Net profit | 251 | 180 | 71 |
In the first nine months 2008 Group sales grew by 18 %. In Western Europe and in Eastern Europe Dyckerhoff benefited from higher volumes and prices. In the USA the financial crisis as well as bad weather lead to decreased volumes. Accordingly, the Germany / Western Europe and Eastern Europe divisions contributed to the sales growth, while sales of the business division USA slowed clearly.
With an EBITDA of EUR 466 million Dyckerhoff achieved a growth by 31 %. The plant restructurings in the USA are the main reasons for the total of EUR 15 million in increased depreciation. At decreased net interest and financial result as well as decreased investment income, earnings before taxes improved by EUR 81 million or 31 %, respectively. Also net profit for the first nine months grew substantially, it grew by 39 %.
Our growth rates slowed down in the third quarter, however, due to the strong first half, Dyckerhoff is expecting a noticeable increase in Group sales and results.
The complete interim report will be released on November 10, 2008.
Company contacts:
Investor Relations Assistant
Mariangiola Fiore
Phone. +39 0142 416 404
Email mfiore@buzziunicem.it