Buzzi Unicem FY EBIT seen at EUR670m, up 17 per cent
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.
Published under Cement News
