Buzzi Unicem - November 2015
Buzzi Unicem's turnover for the first nine months improved by 5.2 per cent to EUR1998.1m while EBITDA rose by 16.4 per cent to EUR352.1m. The trading profit was ahead by 52 per cent to EUR206.9m and net financial charges rose by 65.2 per cent to EUR83.8m. The contribution from associates increased by 38 per cent to EUR50m and the pretax profit was ahead by 46.9 per cent to EUR178.9m. The tax charge, however, declined by 11.8 per cent while the minorities charge fell by 68 per cent, leading to a 128.7 per cent jump in the net attributable profit to EUR127.6m. Buzzi Unicem expects EBITDA for 2015 around EUR450m, compared with the EUR423m produced last year.