Buzzi Unicem - November 2014
Buzzi Unicem's turnover for the first nine months edged ahead by 0.2 per cent to EUR1898.7m while EBITDA improved by 10.8 per cent to EUR302.5m. The trading profit was ahead by 15.1 per cent to EUR136.1m and net financial charges declined by 38 per cent to EUR50.7m. The contribution from associates increased by 22.6 per cent to EUR36.1m and the pretax profit advanced by 77.3 per cent to EUR121.8m. The tax charge still rose by 63.1 per cent while the minorities charge declined by 36.4 per cent, leading to a 136.4 per cent jump in the net attributable profit to EUR51.4m. Net debt at the end of September was 7.9 per cent lower at EUR1010.5m, giving a gearing level of 44.4 per cent compared with 46.8 per cent a year earlier. Capital investment in the period was 5.6 per cent higher at EUR125.6m. Cement deliveries were 2.1 per cent ahead at 19Mt and ready-mixed concrete deliveries recovered by 3.7 per cent to 9.1Mm³.