Cement News tagged under: Buzzi Unicem

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Deutsche Bank more positive on European building sector in 2013

20 December 2012, Published under Cement News

Deutsche Bank expects cement stocks to be among the front runners in any cyclical recovery in 2013 and recommends "buying" HeidelbergCement, Buzzi Unicem and Lafarge as its top picks within the sector, according to reports by Bloomberg. The bank takes a more positive view on the European building materials sector saying it should benefit from a return to 3.5 per cent  global GDP growth while there could well be a growth surprise in the euro area. "Into 2013 we believe the significant lever...

Buzzi Unicem's turnover edges ahead and profit advances

09 November 2012, Published under Cement News

Buzzi Unicem's turnover for the first nine months was up by 1.7 per cent to €2,146.3m and the EBITDA increased by 11.7 per cent to €368.7m. The trading profit rose by 29.6 per cent to €198.9m and net financial charges increased by 25.1 per cent to €85.3m. After an 89.3 per cent higher contribution from associates, the pre-tax profit rose by 33.5 per cent to €116.8m. With charges for tax and for minorities increasing more slowly than the pre-tax profit, the net attributable profit jumped by ...

Buzzi Unicem expected to revise 2012 EBITDA guidance

23 October 2012, Published under Cement News

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 quart...

USA: Buzzi Unicem trials use of hazardous waste fuel at Cape Girardeau plant

23 August 2012, Published under Cement News

A series of trials is underway at Buzzi Unicem’s Cape Girardeau cement facility in an effort to use more hazardous waste as fuel. The company invested US$1m in the project, aimed at cutting its operating expenses by replacing more of its coal with alternative fuels. For about 20 years, the company, formerly known as Lonestar Industries, has used hazardous waste as fuel to heat its kiln. In June, its hazardous waste permit was modified by the Environmental Protection Agency and the Missour...

Buzzi Unicem improves profit at lower volumes

06 August 2012, Published under Cement News

Buzzi Unicem’s first half turnover edged ahead by 0.9 per cent to €1,350.9m, but the EBITDA recovered by 7.7 per cent to €197.2m. For the full year Buzzi Unicem is maintaining its overall forecast of broadly unchanged numbers overall, but the expected geographical mix has changed. The first half trading profit increased by 34.4 per cent to €84.0m and the interest charge jumped by 35.3 per cent to €62.2m, giving a pre-tax profit still 36.3 per cent higher at €22m. After a tax charge 8.3 pe...

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...