Buzzi Unicem - March 2013
On a turnover that edged ahead by 0.9 per cent to EUR2813.4m (US$3597m), Buzzi Unicem's EBITDA improved by 4.8 per cent to EUR455.1m and the trading profit (EBIT) was ahead by 3.3 per cent to EUR197m. After a net interest charge 21.7 per cent higher at EUR126.1m, the pre-tax profit emerged 8.8 per cent lower at EUR77.8m. At the net attributable level there was a net attributable loss of EUR28.5m compared with a profit of EUR26.4m in the previous year. Net debt at the end of the year was 4.5 per cent higher at EUR1187.8m, while shareholders' funds declined by 5.3 per cent to EUR2428.2m to give a gearing of 48.9 per cent. Volumes declined by 3.4 per cent to 27.3Mt in cement and by 9.5 per cent to 13.6Mm³ in ready-mixed concrete.