DGAP-Adhoc: Dyckerhoff AG: Annual Financial Statements 2012: Impairment on fixed assets and on deferred taxes

 | Source: EQS Group AG EQS Group AG 

Dyckerhoff AG  / Key word(s): Profit Warning/Miscellaneous

24.01.2013 18:13

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Wiesbaden, January 24, 2013 

Annual Financial Statements 2012: Impairment on fixed assets and on
deferred taxes

In 2009, because of the former economic crisis, Dyckerhoff postponed a
pre-started construction of a new plant in Russia and did not continue to
date. Based on a now conducted extensive analysis, a resumption of the
project at the planned location is not assured in the foreseeable future.
Therefore, an impairment of about EUR 26 million on the fixed assets is
required.

As expected, sales and EBITDA of the Dyckerhoff group of fiscal year 2012
will range on previous year's level. However, EBIT and results before and
after taxes will be below those of the previous year. In addition, the
result after taxes will be affected by a write-down on deferred tax assets
in the amount of about EUR 13 million, whose value has to be adjusted in
the balance sheet according to the current evaluation of the results
expectations in Germany.

These write-downs are non-cash items and, therefore, they do not affect the
expected operating cash flow and the net financial position for the fiscal
year 2012.


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Language:     English
Company:      Dyckerhoff AG
              Biebricher Str. 69
              65203 Wiesbaden
              Germany
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
Listed:       Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
              Freiverkehr in Berlin, Hamburg, Hannover, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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