Buzzi Unicem sees recovery in Europe in first half of 2017

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Italy: Buzzi Unicem has reported a recovery in Central Europe, a positive change in Eastern Europe and an improvement in Italy thanks to increased exports. It also noted muted demand in the US, particularly during the first quarter. Its net sales rose by 7.3% year-on-year to Euro1.35bn in the first half of 2017 from Euro1.26bn in the same period in 2016. Its cement sales volumes increased by 2.3% to 12.5Mt from 12.2Mt. Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 8.4% to Euro241m from Euro223m.

Last modified on 09 August 2017

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