Dyckerhoff AG / Dividend/Final Results
12.03.2010 13:04
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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March 12, 2010
Dyckerhoff Group's net profit decreased substantially
Dividend proposal of EUR 1.00 for ordinary shares and preferred shares each
Following the adoption of the annual financial statements of Dyckerhoff AG
as at December 31, 2009, and after the approval of the consolidated
financial statements as at December 31, 2009, the Board of Management and
the Supervisory Board have just decided to propose the Annual General
Meeting on May 11, 2010 to distribute a dividend of EUR 1.00 (2008:
EUR 2.00) per ordinary share and per preferred share each for the fiscal
year 2009.
Sales decreased in all divisions; in total, Group sales declined by EUR 603
million or 31 % to almost EUR 1.4 billion in fiscal year 2009. To this
decline led volume decreases in all divisions. Thereby prices moved
differently: While cement and ready-mixed concrete prices in Germany /
Western Europe, and cement prices in the Czech Republic as well as
ready-mixed concrete prices in Slovakia exceeded those of the previous
year, prices went down in the rest of Eastern Europe and in the USA.
Like-for-like Group sales, which are adjusted for changes in the group of
consolidated companies, fell by 30 %. Exchange rate variances reduced sales
by a total of EUR 81 million. About 37 % of total Group sales can be
ascribed to Germany, 34 % to Eastern Europe, 15 % to the USA and 14 % to
Western Europe.
Group EBITDA fell by 49 % to EUR 294.5 million. The figure includes
positive one-time effects totaling EUR 23 million, one-time effects in 2008
came to EUR - 5 million. Adjusted by the one-time effects, the decline
amounts to about 53 %. Because of the one-time effects the result of the
Germany / Western Europe division slightly exceeded the previous year,
while the results in Eastern Europe and in the USA declined. Exchange rate
variances brought EBITDA down by EUR 16.1 million; changes in the group of
consolidated companies had a positive effect of EUR 3.3 million.
The result before taxes went down to EUR 143.1 million (2008: EUR 414.7
million). Net profit decreased by 63 % to EUR 112.7 million (2008: EUR
306.7 million). Equity ratio went down to 47.9 % (2008: 49.0 %). Net debt
increased to EUR 303.8 million (2008: EUR 62.2 million), gearing increased
to 18.9 % (2008: 3.8 %).
For the year 2010 Dyckerhoff expects that Group sales will be at the level
of 2009. In the 2009 fiscal year, EBITDA included positive one-time effects
in the amount of around EUR 23 million, and Dyckerhoff, therefore, expects
EBITDA to fall, and to see significant setbacks for net profit in 2010.
Summarized Income Statement
(in millions of EUR)
2009 2008 Change Change
absolute in %
Sales 1369.2 1971.9 - 602.7 - 30.6
EBITDA 294.5 578.6 - 284.1 - 49.1
EBIT 179.2 445.0 - 265.8 - 59.7
Earnings before taxes (EBT) 143.1 414.7 - 271.6 - 65.5
Net profit 112.7 306.7 - 194.0 - 63.3
Group net profit
attributable to Dyckerhoff 104.7 273.6 - 168.9 - 61.7
The complete consolidated financial statements of Dyckerhoff AG will be
published in the context of the press conference on March 22,
2010.
Kontakt:
Birgit Eggersmeier
Dyckerhoff AG
Biebricher Str. 69
65203 Wiesbaden
Tel.: +49 (0)611 - 676 1444
Fax: +49 (0)611 - 676 1447
Email: investor.relations@dyckerhoff.com
12.03.2010 13:04 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: Dyckerhoff AG
Biebricher Str. 69
65203 Wiesbaden
Deutschland
Phone: +49 (0)611 676-0
Fax: +49 (0)611 676-1040
E-mail: investor.relations@dyckerhoff.com
Internet: dyckerhoff.com
ISIN: DE0005591036, DE0005591002
WKN: 559103, 559100
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin, München, Hannover, Stuttgart, Hamburg
End of News DGAP News-Service
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DGAP-Adhoc: Dyckerhoff AG: Dyckerhoff Group's net profit decreased substantially
| Source: EQS Group AG