Buzzi Unicem expected to revise 2012 EBITDA guidance

Buzzi Unicem expected to revise 2012 EBITDA guidance
23 October 2012

Brokerage Equita expects Italian cement maker Buzzi Unicem to report a 21 per cent rise in EBTIDA for the first nine months of 2012 to EUR177m.

The third-quarter EBITDA will push the management to revise up its 2012 EBITDA target from the current EUR430m to at least the consensus estimate of EUR 455m, Equita said.

The broker expects Buzzi Unicem to report sales of EUR828m for the third quarter, up eight per cent YoY.

Equita sees the cement maker to have confirmed in the third quarter the trends from the previous two quarters of the year.

The broker expects the sales in Italy to have dropped by some 20 per cent but prices are seen stable. Buzzi Unicem's sales are seen up in the US (10 per cent), Mexico (eight per cent), Russia (12 per cent) while sales in Germany are expected to fall slightly. (Source: SeeNews Italy)

Published under Cement News