Cement News tagged under: Buzzi Unicem
Buzzi Unicem begins share buyback scheme18 September 2018, Published under Cement NewsItaly’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 Brennand06 September 2018, Published under Cement NewsBuzzi 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 EUR1337.4m03 August 2018, Published under Cement NewsBuzzi 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 Week11 May 2018, Published under Cement NewsBuzzi 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 201716 April 2018, Published under Cement NewsPJSC 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 results29 March 2018, Published under Cement NewsIn 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 NewsThe 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 & Co13 March 2018, Published under Cement NewsDyckerhoff, 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... |
Buzzi Unicem expects to report EBITDA close to EUR580m09 February 2018, Published under Cement NewsBuzzi Unicem's turnover in 2017 improved by 5.1 per cent in 2017 to EUR2806m, with a like-for-like improvement of 3.7 per cent after adjusting for the acquisition of Zillo and currency movements. The company expects to report a preliminary EBITDA of nearly EUR580m in 2017 – below their latest guidance. The cement producer attributes the shortfall to a challenging environment in December and expects the impacting factors to be temporary and not affect the company's positive outlook for 2018. ... |
Buzzi Unicem reports good performance in Russia, Czech Republic and Italy10 November 2017, Published under Cement NewsBuzzi Unicem's turnover for the first nine months was 6.7 per cent higher at EUR2133.4m, but no EBITDA or other profit numbers have been given this time. Net debt at the end of September was 2.8 per cent lower at EUR915.2m compared with a year earlier. Capital investment in the period was 10.7 per cent lower at EUR158m. Cement deliveries were 4.1 per cent ahead at 20.3Mt and ready-mixed concrete deliveries improved by 4.8 per cent to 9.2Mm³. The Italian turnover showed a recovery and rose... |