Displaying items by tag: Dyckerhoff

Germany: Dyckerhoff Group has reported that its net profit in 2012 has decreased as expected. Net profit fell by 59% to Euro26.9m in 2012 from Euro65.9m in 2011. The German cement producer explained in a press release that cement volumes fell by 2.5% in Europe and that this couldn't be counterbalanced by volume increases in Russia and the US.

Sales remained stable overall at Euro1.6bn in 2012. Earnings before interest, taxes, depreciation and amortisation fell by 3.1% to Euro284m from Euro293m. Average cement prices decreased in Luxembourg and in Poland. In the Czech Republic cement prices remained almost stable, while they increased in Germany, Ukraine, Russia and the US. About 48% of total Group sales can be ascribed to the division Germany/Western Europe, 39% to Eastern Europe and 13% to the USA.

The group's complete consolidated financial statements will be published on 26 March 2013.

Germany: The Dyckerhoff Group has reported that its sales in 2012 met its 'expectations'. Preliminary sales were Euro1.6bn in 2012, the same as in 2011.

Cement and concrete volumes decreased by a total of 2% and 7%, respectively. Cement prices were higher than the previous year in Germany, Ukraine, Russia, and the USA, fairly stable in the Czech Republic and on a downward trend in Luxembourg and Poland. The sales proportion generated outside of Germany, 63%, exceeded the 2011 by 1%.

"As expected, Dyckerhoff Group's earnings before interest, taxes, depreciation and amortisation (EBITDA) for the fiscal year 2012 will be at a similar level as in the previous year. Earnings before interest and tax (EBIT) as well as results before and after taxes will be below the previous year's level. Here, an impairment of around Euro26m against the carrying amount of fixed assets already acquired for the planned plant in Akbulak in Russia has an effect," said Wolfgang Bauer, CEO of Dyckerhoff.

Bauer added that the result after income taxes was affected by a write-down of deferred tax assets of around Euro13m.

Italy/Germany: German cement maker Dyckerhoff has announced that its parent company, Italy's Buzzi Unicem, has agreed to buy additional ordinary and preferred shares in it, raising its total share capital in the firm by 3.6% to 96.6%.

The German company did not reveal the value of the transaction but specified that during the current year and including the most recent agreement Buzzi Unicem had bought shares in it for some Euro71.7m.

As a shareholder of at least 95% of Dyckerhoff, Buzzi Unicem is entitled, under the German law, to start a 'squeeze-out' procedure for the remaining shares that it does not already own. However, it has not yet made any final decision on such a move, according to Dyckerhoff.

Germany: Dyckerhoff Group has released financial results for the first nine months of 2012 showing cement volume increases in Russia, Ukraine and the US, which have been balanced by volume declines in Germany and western Europe.

Cement sales volumes remained flat in the first nine months of 2012 at Euro1.24bn, compared to 1.22bn in 2011. By region, sales in Germany and western Europe fell by 7% to Euro588m from Euro633m. Sales in eastern Europe rose by 7% to Euro487m from Euro456m. Sales in the US rose by 24% to Euro160m from Euro129m. Group earnings before earnings before interest, taxes, depreciation and amortisation (EBITDA) were Euro232m in 2012, compared to Euro231m in 2011.

"For 2012 as a whole, we continue to expect the level of group sales and results to remain stable compared to 2011," said CEO of Dyckerhoff AG, Wolfgang Bauer.

Czech Republic: Czech cement producer Cement Hranice has reported a rise in sales of 14.5% year-on-year to Euro68.8m in 2011, due to higher exports. Its net profit increased by 10% to Euro20.3m following a previous drop, the company said in its annual report.

In 2010 the producer's sales dropped by 15% to Euro60.4m and its profit decreased by 26% to Euro18.5m. Cement Hranice's results improved in 2011 due to supplies to a sister company in Poland, according to the firm's chairman Jaromir Chmela. Sales of cement were also favourably influenced by good weather in 2011. The company raised the amount of sold products by 25% in 2011 as a result.

"Poland has not been affected by a crisis in the construction segment because it was preparing infrastructure for the European football championship," said Chmela.

Although Cement Hranice's sales increased in 2011, revenue fell due to a decrease in prices. Before 2011 the company sold 75% to 80% of its production on the Czech market but in 2011 its share dropped to 65%. The remaining 35% of production was exported to Poland, Hungary and Slovakia, increasing Cement Hranice's exports.

Cement Hranice's expects a drop in sales, as well as in profit, in 2012. The company's results will be influenced by the economic crisis and a continuing fall in construction output, according to Chmela. Cement Hranice, whose owner is German company Dyckerhoff AG, employed 166 people in 2011.

Germany: The Dyckerhoff Group has announced preliminary key figures for 2011, which show a 13% improvement in sales compared to 2010. Sales hit Euro1.6bn in 2011, up from Euro1.41bn in 2010. Breaking down its sales performance geographically, the group took Euro829m in Germany and western Europe (+14% year-on-year), Euro598m in eastern Europe (+21%) and Euro175m in the United States (-9%).

The company reported that sales volumes increased in all countries, except cement in the USA and sand and gravel in the Netherlands. Cement prices exceeded those of 2010 in Poland, Ukraine and Russia, falling in each of the other countries in which the group operates. The proportion of sales generated outside of Germany fell by 1%.

Looking forward to its full 2011 results, Dyckerhoff's management board expects a slight improvement in performance for 2011 compared to 2010. For the 2012 fiscal year, the company expects its sales and results to remain stable compared to 2011.