Displaying items by tag: Buzzi
Buzzi profit bucks trend with increase
14 November 2012Italy: Buzzi Unicem has posted a net profit of Euro85m for the first nine months of 2012, a 40.4% increase year-on-year. Buzzi's net sales grew by 1.7% to Euro2.15bn and earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 11.7% to Euro368.7m. Its net debt fell to Euro1.10bn at the end of June 2012 from Euro1.14bn at the end of 2011.
On the basis of the results in the year so far, the company has raised its EBITDA guidance for 2012 to Euro450m.
Buzzi Unicem reports Euro45.9m loss in Q1
16 May 2012Italy: Buzzi Unicem has reported a widened net loss of Euro45.9m for the first quarter of 2012 from Euro32.8m for the same period in 2011, a drop of 29%. The producer, Italy's biggest cement maker by market value, blamed the performance on lower cement demand and the extremely cold winter in Europe.
Net sales fell by 1.3% year-on-year to Euro562.2m. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 47.6% to Euro22.4m. The net debt rose to Euro1.21bn at the end of March 2012 from Euro1.14bn at end of December 2011. Buzzi Unicem confirmed it expects to post in 2012 operating results similar to the ones booked in 2011.