The first half of 2022 was characterized by the sharp rise in energy and commodity prices.
In this still difficult market environment, we were again able to significantly increase our turnover,” said Dr.
“Our Commercial Excellence program launched at the end of last year is taking effect. Thanks to targeted price adjustments, we were able to almost compensate for the significant increase in energy and raw material costs during this quarter.
However, given the unprecedented rise in energy prices in recent weeks, the second half of the year remains difficult. For the full year, we continue to expect a significant increase in sales, while for current operating income we now expect a slight decrease on a comparable basis compared to the strong previous year.
We are making great progress in the field of climate protection. In the first half of the year, we were again able to reduce CO2 emissions beyond our expectations. Our CCUS projects are developing as planned. I am confident that we will achieve our ambitious climate goals.
Price adjustments cannot fully offset cost inflation
After the development of sales volumes in the first quarter of 2022 was almost at the level of the previous year, sales volumes decreased in the second quarter due to consolidation and the economic slowdown in
Group revenue increased significantly by 11.3% to
The significant increase in energy, raw materials and freight expenses led to an 11.4% drop in operating income before depreciation and amortization (ROCOBD) to
The profit for the period amounts to
Earnings per share attributable to
Further net debt reduction
Due to the difficult market environment and the significant increase in energy and raw material prices compared to the corresponding period of the previous year, there was a cash outflow from operating activities of the continuing operations of
Good progress in reducing the carbon footprint
In the first half of 2022,
Slightly adjusted outlook
The market environment in the construction sector is also influenced by the negative effects of the war of Russian aggression against
In this context, the company continues to anticipate a strong increase in its turnover for the 2022 financial year and now anticipates a slight drop in current operating income compared to the strong evolution of the previous year, each time before consolidation and currency effects. .
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