Cement News tagged under: Buzzi Unicem

RSS feed

S&P puts Buzzi Unicem, Dyckerhoff ratings on credit watch

09 August 2013, Published under Cement News

Standard & Poor's has placed Buzzi Unicem’s rating on credit watch with negative implications, the Italian cement major announced in a statement. Buzzi Unicem's corporate rating is currently at BB+/Stable/B. The rating for Dyckerhoff AG, Buzzi Unicem’s wholly-owned subsidiary, has also been placed on credit watch. S&P said the decision was due to first-half results which were lower than expected in some key market, particularly Italy, Mexico and Eastern Europe. For the first half ...

Buzzi Unicem hit by weaker markets

05 August 2013, Published under Cement News

Buzzi Unicem's first-half turnover declined by 5.7 per cent to EUR1273.7m and the EBITDA fell by 24.8 per cent to EUR150.7m as the Italian cement major was hit by weaker markets in Italy, Poland and Mexico. Excluding non-recurring items, the reduction would have been 21 per cent. The first half trading profit fell by 56.8 per cent to EUR37.8m and the interest charge was reduced by 31.9 per cent to EUR47.6m, with the pre-tax result swinging from a EUR22.6m profit to a loss of EUR8.3m. Afte...

Dyckerhoff shareholders approve Buzzi offer

16 July 2013, Published under Cement News

The shareholders' meeting of Dyckerhoff AG gave the go-ahead to the squeeze-out launched by parent company Buzzi Unicem SpA on all outstanding ordinary and preferred Dyckerhoff shares still in the hands of minority shareholders. Buzzi Unicem's acquisition of the remaining stock of Dyckerhoff and the following cash payment of EUR47.16 per share ( for a total amount of EUR65.3m) will become effective with the recording of such shareholders' resolution in the Commercial Register in Germany, ...

Buzzi Unicem launches bonds, Italy

09 July 2013, Published under Cement News

Italy’s second-largest cement producer Buzzi Unicem launched on Tuesday the placement of equity-linked bonds worth EUR200m maturing in July 2019. The bonds may be converted into ordinary shares of the company, subject to approval of an extraordinary general meeting, according to a statement by Buzzi. They will be issued at par and be offered with a yearly coupon between 1.275 per cent and 2.125 per cent, payable semi-annually, it added.

Buzzi Unicem is advancing in Russia and in the USA

13 May 2013, Published under Cement News

Buzzi Unicem's first-quarter turnover declined by 10.5 per cent to €503.14m and the EBITDA dropped by 51 per cent to €11.75m but advances were seen in Russia and the USA. The loss at the trading level was 29.7 per cent higher at €42.03m. Net financial charges declined by 7.3 per cent to €25.83m to give a seasonal pre-tax loss 7.1 per cent higher at €68.82m. Net debt at the end of March was 9.1 per cent higher at €1227m, giving a gearing level of 50.4 per cent compared with 47.1 per cent a...

Dyckerhoff sees advances in Russia, USA volumes stable

03 May 2013, Published under Cement News

Dyckerhoff Group, a Buzzi Unicem subsidiary, reported a decline in sales for the first three months to the end of March 2013 due to unfavourable weather conditions. In an advanced statement, the group said that total sales were down by 11 per cent. Sales were down in all regions in which the group operates except for Russia where volumes increased, and the USA where they remained almost stable. Group EBITDA fell by a total of EUR9m, of which EUR2m was due to a one-time negative effect. Th...

Buzzi Unicem net profit down on declines in Central Europe, Italy

01 April 2013, Published under Cement News

Buzzi Unicem said on Thursday it posted an attributable net loss of EUR28.5m in 2012 compared with a profit of EUR27m in 2011, due to declines in Central Europe and a major slowdown of building activity in its domestic market of Italy. Improvements were, however, seen in the United States, Russia and Mexico. On a turnover that edged ahead by 0.9 per cent to EUR2813.4m, Buzzi Unicem's EBITDA improved by 4.8 per cent to EUR455.1m and the trading profit (EBIT) was ahead by 3.3 per cent to EU...

Dyckerhoff net profit down on European markets

18 March 2013, Published under Cement News

Buzzi Unicem's subsidiary Dyckerhoff has confirmed that net profit in 2012 fell as declines in Europe could not be offset by volume increases in Russia and the USA. The German-based cement major said in a release on Friday that net attributable profit for the year fell 59.2 per cent from the year before to EUR26.9m. Group EBITDA of fiscal year 2012 amounted to EUR 284.2m including one-time one-time effects of EUR4.8m mainly from the sale of a real estate property in Memphis, US. Positive on...

Buzzi Unicem: Russia and America perform well

11 February 2013, Published under Cement News

Buzzi Unicem turnover edged ahead by 0.9 per cent last year to €2813m, of which Dyckerhoff contributed an almost unchanged €1603m. The underlying EBITDA, which will be announced on 28 March, is estimated to be around €450m. Net debt at the end of December had been reduced by 1.6 per cent to €1125m. Group cement deliveries declined by 3.4 per cent last year to 27.3Mt, but they were ahead in the Russia, the USA and Mexico. Ready-mixed concrete deliveries were down 9.5 per cent to 13.6Mm³ in sp...

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...