WIESBADEN (dpa-AFX) - German cement and concrete products company Dyckerhoff AG announced Monday its fiscal 2011 preliminary results, reporting a 13 percent increase in total sales, thanks to higher volumes mainly in Germany and Europe. Dyckerhoff expects a significant increase in its Group results in comparison to the previous year. Total group sales for the year rose to 1.60 billion euros from 1.41 billion euros a year ago. Geographically, sales from Germany / Western Europe increased 14 percent to 829 million euros from 730 million euros in the previous year. Sales were 598 million euros from Eastern Europe, 21 percent higher than last year's 493 million euros. Meanwhile, sales from USA declined 9 percent to 175 million euros from 192 million euros a year ago. The company noted that volumes increased in all countries, except cement in the USA and sand and gravel in the Netherlands. Cement prices grew in Poland, in Ukraine and in Russia, while they decreased in the remaining countries. Dyckerhoff noted that the proportion generated abroad fell by one percentage point to 62 percent. While announcing its 9-month results in November last year, the company had backed its full-year forecast for EBITDA to improve significantly. In the year 2010, the company's income results had been affected by a non-cash effective write-down on the production facilities of the Oglesby cement plant in the U.S. The company will release its complete interim report on February 6. Looking ahead for 2012, Dyckerhoff expects Group sales and results to remain stable compared to 2011. Dyckerhoff shares are currently trading at 29.55 euros, down 0.44 euros or 1.48 percent in Frankfurt.
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