Dyckerhoff increased net sales significantly in the first quarter 2008
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 - Mar 2008 | Jan - Mar 2007 | Change 08/07 | |||||||||
| Group sales | 400 | 295 | 105 | |||||||||
| thereof division Germany/Western Europe | 166 | 120 | 46 | |||||||||
| thereof division Eastern Europe | 186 | 115 | 71 | |||||||||
| thereof division United States of America | 48 | 60 | - 12 | |||||||||
| EBITDA | 91 | 43 | 48 | |||||||||
| EBIT (operating result) | 64 | 17 | 47 | |||||||||
| Result before income taxes | 55 | 11 | 44 | |||||||||
| Net profit | 40 | 8 | 32 |
In the first quarter of 2008 net sales rose by 36 %. In Central and Eastern Europe, increased sales volumes and prices spurred the business, supported by the positive macroeconomic environment. In the USA, the subprime crisis as well as the poor weather at the beginning of the year caused further declines in sales. Accordingly, the Germany / Western Europe and Eastern Europe divisions contributed to the sales growth, while sales decreased in the USA.
EBITDA more than doubled with an increase by EUR 48 million to EUR 91 million compared to the first quarter of the previous year. With a decline in net interest and other financial results, the result before taxes improved by a total of EUR 44 million to EUR 55 million. The net profit of EUR 40 million has also been considerably increased in comparison to the previous year.
For 2008 as a whole, Dyckerhoff expects a slight improvement in net sales and results.
The complete interim report will be released on May 7, 2008 at noon.
Company contacts:
Investor Relations Assistant
Mariangiola Fiore
Phone. +39 0142 416 404
Email mfiore@buzziunicem.it