Russia and USA prove Dyckerhoff's only first-half bright spot

German cement major and Buzzi Unicem subsidiary Dyckerhoff AG reported a decline in first-half sales volumes across all its market except Russia and the USA.

Consolidated sales fell by six per cent. Group EBITDA was down by EUR3m which includes a one-time effect of EUR4m. In the previous year, one-time effects amounted to EUR5m. Pretax results were EUR10m, some EUR12m lower than the same period of last year. Net income after tax was EUR7m.

For fiscal year 2013, Dyckerhoff expects group sales and EBITDA to be slightly below the previous year. This is based on the assumption that the weather-related volume decreases of the first quarter cannot be fully 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