Italy: The Board of Directors of Buzzi has approved the preliminary accounts for 2017, which see sales of cement at 26.8Mt, an increase of 4.4%, and consolidated revenues of Euro2.67bn, an increase of 5.1% year-on-year.
In Italy, Buzzi’s position benefited from the takeover of Zillo Group, which helped to raise clinker and cement volumes by 19.3%. However, average selling prices were down ‘siginificantly’ year-on-year. Overall consolidated sales were up by 14.0% year-on-year at Euro428m. Consolidated sales would have increased by 2% in the absence of the Zillo acquisition.
In Germany, cement sales were up by 4.5%, with total sales of Euro588m, a 2.7% year-on-year rise. In Luxembourg and the Netherlands, cement sales were also up by 4.5% year-on-year at Euro187m.
Sales were also improved in Poland (+0.7%), Czechia (+8.2%), Russia (+1.5%), the USA (+0.2%) and Mexico (12.7%), while they declined in Ukraine (-1.5%).
