Buzzi Unicem - May 2015

Buzzi Unicem's first-quarter turnover increased by 3.4 per cent to EUR513.39m and EBITDA went from a EUR10.26m to EUR27.15m. The loss at the trading level was reduced by 48.6 per cent to EUR19.24m. Net financial charges increased by 31.3 per cent to EUR43.01m giving a seasonal pretax loss 24.5 per cent lower at EUR46.16m. Net debt at the end of March was 6.6 per cent higher at EUR1133.3m, giving a gearing level of 45.1 per cent compared with 45.5 per cent a year earlier. Cement deliveries increased by 2.2 per cent to 4.9Mt, while group ready-mixed concrete deliveries declined by 3.3 per cent to 2.4Mm³.

To continue reading this story and have 100% free access to the website, please Register for a subscription to International Cement Review or Login