Italy’s Buzzi Unicem posts €26.6mn net loss for H1/2013

Italian cement and construction material manufacturer Buzzi Unicem has posted a €26.6 million net loss for the first half of 2013, compared to a profit of €18.5 million in the first six months of 2012. The group's turnover dropped by 5.7% to €1.2 billion, while its EBITDA fell from €200.5 million to €150.7 million. The company’s has stated that it expects its results to improve significantly in the second half of the year, although it has downwardly revised its EBITDA margin forecast for 2013 to between 5%
August 7, 2013

Italian cement and construction material manufacturer 1451 Buzzi Unicem has posted a €26.6 million net loss for the first half of 2013, compared to a profit of €18.5 million in the first six months of 2012.

The group's turnover dropped by 5.7% to €1.2 billion, while its EBITDA fell from €200.5 million to €150.7 million.

The company’s has stated that it expects its results to improve significantly in the second half of the year, although it has downwardly revised its EBITDA margin forecast for 2013 to between 5% and 10%.

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Buzzi Unicem
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