Germany: Dyckerhoff Group has released financial results for the first nine months of 2012 showing cement volume increases in Russia, Ukraine and the US, which have been balanced by volume declines in Germany and western Europe.
Cement sales volumes remained flat in the first nine months of 2012 at Euro1.24bn, compared to 1.22bn in 2011. By region, sales in Germany and western Europe fell by 7% to Euro588m from Euro633m. Sales in eastern Europe rose by 7% to Euro487m from Euro456m. Sales in the US rose by 24% to Euro160m from Euro129m. Group earnings before earnings before interest, taxes, depreciation and amortisation (EBITDA) were Euro232m in 2012, compared to Euro231m in 2011.
"For 2012 as a whole, we continue to expect the level of group sales and results to remain stable compared to 2011," said CEO of Dyckerhoff AG, Wolfgang Bauer.