Dyckerhoff group sales decrease substantially in Q1 2009
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:
(millions of euro) | Jan - Mar 2009 | Jan - Mar 2008 | change absolute | |||||||||
| Group sales | 258 | 400 | - 142 | |||||||||
| thereof division Germany/Western Europe | 135 | 166 | - 31 | |||||||||
| thereof division Eastern Europe | 80 | 186 | - 106 | |||||||||
| thereof division USA | 43 | 48 | - 5 | |||||||||
| EBITDA | 6 | 91 | - 85 | |||||||||
| EBIT (operating result) | - 21 | 64 | - 85 | |||||||||
| Result before income taxes | - 35 | 55 | - 90 | |||||||||
| Net loss/profit | - 26 | 40 | - 66 |
In the first quarter of 2009 Group sales went down by 36 %. The long and cold winter in Western Europe and in parts of Eastern Europe led to volume declines. Especially in Russia and Ukraine the global economic crisis had an additional effect. Accordingly, Group sales decreased in all divisions.
EBITDA declined by EUR 85 million to EUR 6 million. With an increase in net interest and other financial expenses, the result before income taxes decreased by a total of EUR 90 million to EUR - 35 million. Accordingly, the net loss in the first quarter 2009 amounted to EUR 26 million. Thus, the results roughly level those of 2005 after two years of positive results achieved already in the first quarter.
For 2009 as a whole, Dyckerhoff expects Group sales of about EUR 1.6 billion, and results that are very significantly below those of 2008. Thereby, we expect an EBITDA margin of about 20 % and a return on sales of ca. 7 %.
The complete interim report will be released on May 6, 2009 at noon.
Company contacts:
Investor Relations Assistant
Mariangiola Fiore
Phone +39 0142 416 404
Email mfiore@buzziunicem.it