16. April 2013
• Consolidated EBIT: € 161 million (2011: € 205 million) and EBITDA: € 261 million (2011: € 304 million). • Consolidated revenue declined from € 2.8 to 2.5 billion • Investments increased considerably yet again
The Dillinger Hütte Group (Dillinger Hütte and its subsidiaries) performed well during the 2012 financial year in the face of difficult economic circumstances. Despite declines in production volumes and sales revenues (€ 2.5 billion compared to € 2.8 billion in the previous year), positive earnings were once again achieved. “We have meanwhile continued our strategy of continuously investing in the sustainability of Dillinger Hütte, even in difficult times,” said CEO Dr. Karlheinz Blessing at the annual press conference. Investments in the Dillinger Hütte Group increased considerably once again in 2012 to € 244 million. A general decline in demand in the heavy plate market set in during the second quarter in the wake of economic uncertainty, and prices came under increasing pressure.
Like the rest of the German steel industry, Dillinger Hütte is concerned about burdens imposed by the energy and climate policies of Germany and the European Union. For instance, costs resulting from burdens imposed by German Renewable Energy Act have quadrupled since 2009. “Our energy costs are already three times higher than those of our competitors in the United States,” Dr. Blessing said, warning against further endangering the competitiveness of the country’s domestic steel industry with further costs. “Dillinger Hütte is investing large sums in improving environmental protection and is contributing to achieving the energy revolution with its products. But for this, the company also requires the right underlying conditions.”
Widespread improvement of the economy and an associated significant growth in demand for heavy plate are expected during 2013. For this reason, the Dillinger Hütte Group anticipates that 2013 will be a challenging year overall. Current low revenues coupled with high raw material and energy costs are dampening expectations for returns in 2013 and are making it necessary to increase prices in the coming months. On the whole, however, the Dillinger Hütte Group finds itself well positioned: “Market conditions are challenging, but we are well equipped with our product mix. All of the important conditions have been created for process optimization and for developing the strategic market positions,” Blessing said. Sales volume for 2013 is expected to be at the level of the previous year, and positive earnings are also anticipated.
Innovative top-quality steel products, total orientation around our customers' needs and unceasing technological development in close cooperation with our partners form the basis of our success - as they have for more than 330 years.
© 2016 Dillinger All rights reserved.
Would you like to subscribe to our newsletter?