Cement News tagged under: Buzzi Unicem

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Buzzi Unicem continues share buyback

23 October 2018, Published under Cement News

Buzzi Unicem has announced that it acquired 1,116,000 ordinary treasury shares during the 15-19 October period. The company acquired the shares for a total consideration of EUR18,899,938 at an average price of EUR16.9. It now holds 3.085m ordinary shares and 29,290 saving shares as of 19 October, equivalent to 1.51 per cent of the issued share capital.

Buzzi Unicem announces share purchase

02 October 2018, Published under Cement News

Following the commencement of its share buyback scheme, Buzzi Unicem has announced that it acquired 244,100 ordinary shares in the 24-28 September period. The company purchased the shares for a total consideration of EUR4.495m (US$5.2m) at an average price of EUR18.41. As of 28 September, the company now holds 297,600 ordinary shares and 29,290 saving shares, equal to 0.16 per cent of the issued share capital.

Buzzi Unicem begins share buyback scheme

18 September 2018, Published under Cement News

Italy’s Buzzi Unicem has announced the commencement of a share buyback programme, with the company able to repurchase up to 7m ordinary and saving shares. The plans are intended to provide the company with an instrument for liquidity investment, according to a press release. The programme will be completed within 18 months from the date at which authorisation was received on 10 May 2018 at the shareholders' meeting. The company currently owns 50,000 ordinary shares and 29,290 saving shares...

Buzzi Unicem set to acquire 50% of Grupo Ricardo Brennand

06 September 2018, Published under Cement News

Buzzi Unicem has signed an agreement with Grupo Ricardo Brennand aimed at acquiring 50 per cent of BCPAR SA, a subsidiary of Brennand Cimentos, including two integrated cement plants in Paraíba and Minas Gerais, Brazil. The agreement allows Buzzi Unicem to reach a 50 per cent stake in BCPAR SA after acquiring the totality of the shares held by the current minority shareholders, BNDESPAR and FIP MPlus, besides a part of the shares owned by Brennand Cimentos, as well as the underwriting of de...

Buzzi Unicem's 1H18 net sales fall to EUR1337.4m

03 August 2018, Published under Cement News

Buzzi Unicem's net sales for the 1H18 were down 1.2 per cent to EUR1337.4m compared to EUR1353.8m in 2017, while EBITDA decreased by 5.7 per cent from EUR241.1m to EUR227.4m. The currency trend had a net unfavourable impact of EUR72.2m on net sales and EUR18.8m on EBITDA. The income statement for the six months closed with a net profit of EUR123m, compared to EUR117.6m in the same period of 2017. Consolidated EBITDA amounted to EUR227.4m, versus EUR241.1m in 2017 (-5.7 per cent). Cement ...

Buzzi Unicem hit by poor weather and early Holy Week

11 May 2018, Published under Cement News

Buzzi Unicem's first-quarter turnover declined by 8.4 per cent to EUR539.1m as a harsh winter took its toll in many countries. Net debt at the end of March was 3.9 per cent higher at EUR896.2m, while capital expenditure was increased by 6.3 per cent to EUR52.3m. Cement deliveries eased by 1.6 per cent to 5.1Mt, while group ready-mixed concrete deliveries declined by 6.3 per cent to 2.4Mm³.  The Italian turnover improved by 8.3 per cent to EUR103m, thanks to the inclusion of the former Cem...

Dyckerhoff Cement Ukraine posts UAH316m loss in 2017

16 April 2018, Published under Cement News

PJSC Dyckerhoff Cement Ukraine reported a net loss of UAH316m (US$12.01m) in 2017, according to Interfax. Compared with 2016, the uncovered loss reached UAH1.34bn, which represents a 53 per cent increase YoY. Total debtor indebtedness rose by 14 per cent YoY to UAH106.7m, long-term liabilities by 11 per cent to UAH1.8bn, current liabilities more than halved, to UAH407m. However, the company also increased its assets by 15 per cent to UAH2.3bn. Dyckerhoff Cement Ukraine was founded in 1...

Buzzi Unicem Full Year 2017 results

29 March 2018, Published under Cement News

In 2017 Buzzi Unicem group sold 26.8Mt of cement (+4.4 per cent compared to 2016) and 12.3Mm 3 of ready-mix concrete (+3 per cent YoY). Consolidated net sales increased by 5.1 per cent, from EUR2669.3m to EUR2806.2m. EBITDA decreased by 7.7 per cent from EUR550.6m to EUR508.2m. The foreign exchange effect was negative for EUR2m. The figure for the year under review includes non-recurring costs of EUR68.2m, of which EUR59.8m for antitrust sanctions inflicted to the Italian cement sector, ...

Will consolidation increase competition in Germany?

16 March 2018, Published under Cement News

The German cement industry took another step along the road to consolidation this week with news that Dyckerhoff AG was in position to acquire Portland Zement Seibel und Sohne GmbH & Co , subject to the prior approval of the Bundeskartellamt, Germany's anti-competition authority. The acquisition would add a further 0.7Mta of cement capacity to the Dyckerhoff Group in Germany, where the Buzzi-owned company already operates five integrated and two grinding plants. The Seibel & Sohne Er...

Dyckerhoff to acquire Portland Zement Seibel und Söhne GmbH & Co

13 March 2018, Published under Cement News

Dyckerhoff, owned by Italian company Buzzi-Unicem, has announced the acquisition of independent German cement producer Portland Zement Seibel und Söhne GmbH & Co, more commonly known as “der böse Seibel” (Seibel the bad), reports CM-CIC Market Solutions.

The acquisition is subject to the prior approval of the Bundeskartellamt. Commenting on the potential acquisition, CM-CIC Market Solutions said: "This deal is a powerful symbol. Porland Zement Seibel und Söhne, for which revenues are est...