Buzzi FY net rises 31 per cent

Buzzi FY net rises 31 per cent
Published: 28 March 2008

Buzzi Unicem SpA said full-year net profit rose about 31 per cent from a year earlier, topping expectations, and that it expects recurring operating profits in 2008 to be similar to the ’very satisfying’ ones of 2007.  
Cement sales rose 2.2 per cent to 34.1Mt, driven by improvements in all its markets expect the US and Italy, while they were stable in Russia, and concrete sales rose 3.4 pct to 17.1Mm3, it said. 
Net profit rose to EUR458.5m from EUR349.8m in 2006 and EBITDA rose 12.3 per cent to EUR1.046bn.  
Net profit was expected at EUR399m and EBITDA at EUR989m, according to a consensus of analysts’ estimates.