Equita sees Buzzi Unicem 2Q EBITDA rising

Equita sees Buzzi Unicem 2Q EBITDA rising
20 July 2012

Brokerage Equita expects Italian cement maker Buzzi Unicem to report second-quarter EBITDA of EUR158m, up by 13% on the year.

SeeNews Italy reports that the broker expects the revenue to have grown 9% annually to EUR838m, thanks to the good performance in Russia and the USA which is seen to have offset the weak Italian demand.

The sluggish Italian market can lead the management to carrying out a goodwill impairment of the domestic division, Equita said.

The analysts lowered their 2012-2013 estimates on the company, cutting by 6% the 2012 EBITDA forecast to EUR480m and slashing by 21% the net profit estimate to EUR75m.

Published under Cement News

Tagged Under: Buzzi Unicem Italy Europe Russia US\A