Cement News tagged under: Buzzi Unicem
UBS launches coverage on Italcementi and Buzzi Unicem21 June 2012, Published under Cement NewsUBS 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 Unicem06 June 2012, Published under Cement NewsBuzzi 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 advance14 May 2012, Published under Cement NewsBuzzi 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 advance02 April 2012, Published under Cement NewsOn 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, Italy09 March 2012, Published under Cement NewsThe 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 volumes09 February 2012, Published under Cement NewsBuzzi 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 Russia07 February 2012, Published under Cement NewsPreliminary 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... |