Dyckerhoff AG / Key word(s): Dividend/Final Results
15.03.2013 12:00
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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Wiesbaden, March 15, 2013
Dyckerhoff Group net profit 2012 decreased as expected
Dividend proposal: EUR 0.75 per each ordinary share and preferred share
The Supervisory Board just approved the annual financial statements as of
December 31, 2012, and the consolidated financial statements as of December
31, 2012. The annual financial statements of Dyckerhoff AG are thus
adopted.
Summarized Income Statement of the Dyckerhoff Group
(in EUR m)
2012 2011 Change Change
absolute in %
Sales 1,603.4 1,599.6 3.8 0.2
EBITDA 284.2 293.3 - 9.1 - 3.1
EBIT (operating result) 117.8 149.9 - 32.1 - 21.4
Result before income taxes 69.3 102.8 - 33.5 - 32.6
Result after income taxes 34.8 73.3 - 38.5 - 52.5
Group net profit
(attributable to shareholders
of Dyckerhoff AG) 26.9 65.9 - 39.0 - 59.2
In fiscal year 2012 Group sales amounted to EUR 1.6 billion. Volume
decreases in Europe could not be fully counterbalanced by volume increases
in Russia and the US; cement volumes declined by 2.5% and ready-mixed
concrete volumes fell by 7.6%. Average cement prices decreased in
Luxembourg and in Poland, in the Czech Republic they remained almost
stable, while they increased in Germany, Ukraine, Russia and the US. About
48% of total Group sales can be ascribed to the division Germany/Western
Europe, 39% to Eastern Europe and 13% to the USA.
Group EBITDA of fiscal year 2012 amounted to EUR 284.2 million. EBITDA 2011
was adjusted retrospectively for the first-time application of the amended
IAS 19 (Employee Benefits), and thereby increased by EUR 2.3 million to EUR
293.3 million. In 2012, EBITDA includes positive one-time effects in the
amount of EUR 4.8 million mainly from the sale of a real estate property in
Memphis, US. Positive one-time effects in 2011 in the amount of EUR 6.3
million derived mainly from the sale of a former administration building in
Luxembourg. Changes to the group of consolidated companies had a positive
effect of EUR 0.2 million; exchange rate effects increased EBITDA by EUR
6.0 million.
The result before income taxes decreased to EUR 69.3 million (2011: EUR
102.8 million). It was affected by extraordinary write-downs of EUR 20.7
million on already purchased plant equipment and of additional EUR 5.2
million on goodwill in connection with a new construction project in
Akbulak in Russia, which has been put on hold for an indefinite period. The
result after income taxes was EUR 34.8 million (2011: EUR 73.3 million),
and Group net profit was EUR 26.9 million (2011: EUR 65.9 million). Equity
ratio increased to 51.3% (2011: 48.6%). Net debt decreased to EUR 216.6
million (2011: EUR 261.7 million), and gearing fell to 13.2% (2011: 15.5%).
The Board of Management and the Supervisory Board decided to propose to the
Annual General Meeting on July 12, 2013 the payment of a dividend of EUR
0.75 (2011: EUR 0.80) per each ordinary share and preferred share for the
fiscal year 2012. This represents 48.5% of the adjusted net profit. The
adjustment includes extraordinary write-downs on the construction project
of a new plant in Akbulak and write-downs on deferred tax assets, which are
not cash effective.
The complete consolidated financial statements of Dyckerhoff AG will be
published in the context of the press conference on March 26, 2013.
15.03.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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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DGAP-Adhoc: Dyckerhoff AG: Dyckerhoff Group net profit 2012 decreased as expected
| Source: EQS Group AG