Buzzi Unicem FY EBIT seen at EUR670m, up 17 per cent

Buzzi Unicem FY EBIT seen at EUR670m, up 17 per cent
Published: 25 September 2006

Buzzi Unicem SpA’s full-year EBIT is expected to rise 17 per cent to EUR670m according to a study of the cement company. 
 
Full-year sales are seen rising five per cent to EUR3.1bn, while net profit should be around EUR300m, up 33 per cent on a like-for-like basis, it said. 
 
The newspaper cited company officials as saying that in the short-term, the focus is on organic growth, although the company is not ignoring acquisitions. 
 
In the US, the group is investing US$220m to boost capacity, including a new 2.3Mt plant, and is also cutting costs, it said. 
 
In Russia, Buzzi unit Dyckerhoff has only one plant, which is working at full capacity against the background of a 20 per cent rise in demand. 
 
Additional investment of EUR120m will boost Russia capacity to 3.5 mln tonnes, from 2.4 mln, and at the same time boost EBITDA margins, it said.