Italy: Buzzi Unicem’s sales revenue and earnings have suffered from negative currency effects in the first half of 2018. Its net sales fell by 1.2% year-on-year to Euro1.34bn from Euro1.35bn and its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 5.7% to Euro227m from Euro241m. However, its cement sales volumes grew by 3.8% to 12.9Mt from 12.5Mt. By region the cement producer reported that its net sales rose in Italy, Germany, the Czech Republic, Slovakia, Poland and the US. Net sales fell in Luxembourg, Netherlands, Ukraine and Mexico.
Buzzi Unicem suffers from negative currency effects in first half of 2018
Written by Global Cement staff
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