Dyckerhoff group sales decreased in the first quarter of 2013 as a result of weather conditions
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 of euro) | Jan - Mar 2013 | Jan - Mar 2012 | Change abs. | |||||||||
| Group sales | 256 | 289 | -33 | |||||||||
| thereof division Germany/Western Europe | 124 | 154 | -30 | |||||||||
| thereof division Eastern Europe | 92 | 95 | -3 | |||||||||
| thereof division USA | 40 | 40 | - | |||||||||
| EBITDA | -9 | 0 | -9 | |||||||||
| EBIT | -40 | -33 | -7 | |||||||||
| Result before income taxes | -46 | -45 | -1 | |||||||||
| Net profit (loss) | -35 | -32 | -3 |
In the first quarter 2013 the harsh winter led to significant volume declines. Exceptions were Russia and the USA: in the USA volume remained almost stable, and in Russia volume increased in the first quarter 2013. Group sales declined by 11%.
Group EBITDA decreased by a total of EUR 9 million. This includes negative one-time effects of EUR 2 million. The remaining decrease of EUR 7 million mainly resulted from weather conditions. Depreciation and amortization declined by EUR 2 million, therefore, EBIT decreased by EUR 7 million. Net investment income and net interest improved. There was no change in other financial results. The result before income taxes therefore only fell by EUR 1 million. The result after income taxes was EUR -35 million.
For fiscal year 2013, Dyckerhoff expects Group sales and EBITDA to remain at a similar level to 2012. This is based on the assumption that the weather-related volume decreases of the first quarter can be caught up. Results before and after taxes will show a positive development as a result of the nonrecurrence of the extraordinary write-downs of 2012.
The complete Interim Report will be released on May 3, 2013 at noon.
Company contacts:
Investor Relations Assistant
Mariangiola Fiore
Phone +39 0142 416 404
Email mfiore@buzziunicem.it