Buzzi Unicem - August 2018

Buzzi Unicem's first-half turnover declined by 1.2 per cent to EUR1337.4m. EBITDA came off by 5.7 per cent to EUR227.4m. Group cement deliveries improved by 3.8 per cent to 12.9Mt, but ready-mixed concrete deliveries eased by 0.7 per cent to 5.9Mm³. The depreciation and impairment charges declined by 4.2 per cent to EUR104m and the first-half trading profit was 6.8 per cent lower at EUR123.5m. The interest charge declined by 10.4 per cent to EUR10.2m and the pretax profit eased by 6.4 per cent to EUR159.3m. After a tax charge 29.4 per cent lower at EUR35.9m and a minorities charge 77.6 per cent lower at EUR0.4m, the net attributable profit improved by 4.6 per cent to EUR123.4m. Net debt at the end of June was 3.6 per cent higher at EUR894m, giving a gearing level of 29.8 per cent, compared with 33.5 per cent a year earlier.

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