Powtech, 27/9 - 29/9, Nuremberg, Germany. Leading trade fair for Powder & Bulk Solids Procssings & Analytics. Get Your Ticket Now!
Powtech, 27/9 - 29/9, Nuremberg, Germany. Leading trade fair for Powder & Bulk Solids Procssings & Analytics. Get Your Ticket Now!
Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Your Particulate and Gaseous pollution abatement partner - Thermax
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
News Earnings down a quarter at Buzzi as it stays in the red in first half in 2013

Earnings down a quarter at Buzzi as it stays in the red in first half in 2013

Written by Global Cement staff 05 August 2013
  • Print

Italy: Buzzi Unicem made a net loss of Euro26.6m in the first half of 2013, 44% higher than the Euro18.5m loss seen in the first half of 2012. It recorded a 25% fall in first-half core earnings for 2013, which it said were hit by lower sales volumes.

Earnings before interest, tax, depreciation and amortisation (EBITDA) for the six months fell to Euro150.7m from a restated Euro200.5m in the first half of 2012. Buzzi's net sales fell by 5.7% to Euro1.27bn. Buzzi's cement sales for the first half of 2013 were 12.3Mt, representing a 5.8% decrease compared to the first half of 2012 when it sold 13.1Mt.

The company said that the results for the first half of 2013 were below its own expectations and were caused by the extremely difficult economic situation in Italy, flat activity in Central Europe, the lack of clear signs of recovery in Eastern Europe and an unforeseen slowdown in Mexico.

Buzzi also said that it believed that there were grounds for a sizeable improvement of results in the second half of 2013, thanks especially to a volume recovery in Central Europe, acceleration of sales and prices in the United States and the attainment of an operating profitability closer to that of the previous year in Eastern Europe.

Based on the above considerations, for the full financial year 2013, Buzzi expects to report a recurring EBITDA that is 5 - 10% lower than that of 2012.

Last modified on 07 August 2013
Published in Global Cement News
Tagged under
  • Results
  • Italy
  • Buzzi Unicem
  • GCW112

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

Related items

  • Votorantim Cimentos publishes first-half 2022 results
  • Loma Negra increases sales and profit in first half of 2022
  • Grasim Industries increases sales in first quarter of 2023 financial year
  • First half 2022 update on multinational cement producers
  • Cementos Argos' sales rise as volumes and earnings drop in first half of 2022
back to top
“AI
“Loesche
“Airscape
Acquisition Cemex China CO2 concrete coronavirus Export France Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Mexico Nigeria Pakistan Plant Product Production Results Russia Sales Sustainability UK Upgrade US
« August 2022 »
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31        



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
  • Conferences & Webinars >>
  • Global Ash
  • Global CemBoards
  • Global CemCCUS
  • Global CemEnergy
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global CemProducer
  • Global Cement Quality Control
  • Global CemTrans
  • Global ConChems
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • Asian Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2022 Pro Global Media Ltd. All rights reserved.