Buzzi Unicem - March 2017
Buzzi Unicem's turnover edged ahead by 0.3 per cent in 2016 to EUR2669.3m, with the recurring EBITDA improvement being 15 per cent to EUR550.7m. The depreciation and amortisation charges declined by 3.1 per cent, giving a trading profit 31.9 per cent ahead at EUR348m. After a net interest charge 40.1 per cent higher at EUR147.1m, the pretax profit advanced by 26.5 per cent to EUR280.9m. After a 40.6 per cent tax rate and a 1.4 per cent increase in minorities, the net attributable profit was ahead by 16.4 per cent to EUR145.9m. Net debt at the end of December was 8.5 per cent below the level seen a year earlier at EUR941.6m. Group cement deliveries in 2016 advanced by a marginal 0.3 per cent to 25.6Mt, while ready-mixed concrete deliveries were stable at 11.9Mm³.
