Earnings were up 4.8% to €423 million (+10.2% on a like-for-like basis). In 2014, Buzzi Unicem sold 25.1 million tonnes of cement and 12 million m³ of ready-mix concrete.
Consolidated net sales were down 0.1% to €2,506.4 million. On a like-for-like basis, net sales would have increased by 3.4%. Foreign exchange rates negatively impacted for €91.1 million. Profit before tax was €175.6 million, while profit after tax was €120.5 million. Net debt stood at €1062.7 million at the year end, down €34.5 million y/y.
In 2015, it is reported that Buzzi Unicem expects visible improvement in the US, while in the EU countries (other than Italy) a similar, or in some cases improved, performance is expected.
Russia and Ukraine are likely to see a further slowdown in demand and a penalising foreign exchange effect. Recurring EBITDA is likely to turn out slightly higher than in the previous year.
