Cement News tagged under: Buzzi Unicem

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Equita sees Buzzi Unicem 2Q EBITDA rising

20 July 2012, Published under Cement News

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 2012-201...

UBS cuts Buzzi Unicem’s EBIDTA estimates on weak European markets

18 July 2012, Published under Cement News

UBS has cut Buzzi’s 2012 EBITDA projections by three per cent and now expects it to remain flat for the year at EUR424m as lower European demand weighs on the Italian cement major’s performance. The new EBITDA estimates are in line with the group‘s guidance and eight per cent lower than the consensus estimate of EUR460m. The broker has also has cut its recommendation on Buzzi Unicem to “sell” from “neutral” saying that cement demand in Europe has deteriorated significantly. Although ...

UBS launches coverage on Italcementi and Buzzi Unicem

21 June 2012, Published under Cement News

UBS started covering Italy's two largest cement producers, Italcementi and Buzzi Unicem, as they struggle against a backdrop of a construction recession and declining cement demand. The analysts expect cement sales in Italy to slump 20 per cent this year. Pricing, on the other hand, seem to offset this trend but competition is solid and the pressure on Italcementi is strong, UBS said. It added that Italcementi's EBITDA are bound to drop further in 2012 after the fall in 2011. Italceme...

Buzzi Unicem

06 June 2012, Published under Cement News

Buzzi Unicem's turnover in the first quarter declined by 1.3% to €562.23m and the EBITDA dropped by 47.6% to €22.4m. The loss at the trading level jumped by 87.3% to €34.1m. Net financial costs declined by 0.6% to €27.9m, resulting in a seasonal pre-tax loss 38.1% higher at €64.5m. Net debt at the end of March was 5.4% higher at €1204.6m, giving a gearing level of 47.1%. Capital investment was reduced by 6.4% to €35.3m. Cement shipments were hit by the harsh winter in Europe and decli...

Buzzi Unicem: European weather partly offset by American advance

14 May 2012, Published under Cement News

Buzzi Unicem’s turnover in the first quarter declined by 1.3% to €562.23m and the EBITDA dropped by 47.6% to €22.36m. The loss at the trading level rose by 87.3% to €34.14m. Net financial costs declined by 0.6% to €27.85m, resulting in a seasonal pre-tax loss 38.1% higher at €64.52m. Net debt at the end of March was 5.4% higher at €1,204.6m, giving a gearing level of 47.1%. Capital investment was reduced by 6.4% to €35.3m.  Cement shipments were hit by the harsh winter in Europe and declined...

Buzzi Unicem boosted by strong Dyckerhoff advance

02 April 2012, Published under Cement News

On a turnover that advanced by 5.2% to €2787.4m, Buzzi Unicem’s underlying EBITDA improved by 6.0% to €422.3m. With the non-recurrence of the exceptional charges seen in 2010, the trading profit (EBIT) jumped from €0.3m to 185.9m. After a net interest charge 3.7% lower at €99.8m a pre-tax profit of €84.3m emerged, an improvement on the previous year’s loss but still well below the €235.2m profit achieved in 2009. Net attributable profit was €26.4m. Net debt at the end of the year was 9.8% lo...

Buzzi Unicem appoints new director, Italy

09 March 2012, Published under Cement News

The Board of Directors of Buzzi Unicem appointed Prof. Ester Faia as independent director, to replace Prof. Elsa Fornero who resigned in November 2011 to take up office as the Minister of Welfare.

Buzzi Unicem reduces debt and raises cement volumes

09 February 2012, Published under Cement News

Buzzi Unicem turnover improved by 5.2 per cent last year to €2787m, of which Dyckerhoff contributed a 13.2 per cent advance to €1600m. The underlying EBITDA, which will be announced on the 30th of March, is estimated to be around €420m. Net debt hat the end of December was reduced by 9.8 per cent to €1,143m. Group cement deliveries improved by 6.2 per cent last year to 28.2Mt, though they were lower in Italy and in the United States. Ready-mixed concrete deliveries increased by 4.8 per cent ...

Dyckerhoff advances in Poland, the Ukraine and Russia

07 February 2012, Published under Cement News

Preliminary figures from the Buzzi Unicem subsidiary Dyckerhoff show a 13.2 per cent increase in turnover to €1600m in 2010. Of this, 38 per cent was generated in Germany, 37 per cent in Eastern Europe and Russia, 14 per cent in the Benelux and 11 per cent in the United States. Group cement deliveries rose by 14.9 per cent to 15.91Mt and the ready-mixed concrete volume advanced by 19.2 per cent to 7.89m m³. Aggregates deliveries, on the other hand, were weighed down by reduced volumes in Th...