Buzzi Unicem posts 62.1% net profit drop in Q1-Q3/2013

Italian building materials producer Buzzi Unicem has posted a 62.1% year-on-year decrease in its net profit to €21.8 million for the first nine months of 2013, while its net revenues fell 3.2% to approximately €2.08 billion. Its net debt fell to slightly over €1.107 billion from €1.125 billion, and the company registered a 1.2% drop in sales of clinker and cement to 20.6 million tonnes, registering the more dramatic sales decrease in Ukraine, Mexico and Czech Republic. Sales of pre-packaged concrete a
November 15, 2013 Read time: 1 min

Italian building materials producer 1451 Buzzi Unicem has posted a 62.1% year-on-year decrease in its net profit to €21.8 million for the first nine months of 2013, while its net revenues fell 3.2% to approximately €2.08 billion.

Its net debt fell to slightly over €1.107 billion from €1.125 billion, and the company registered a 1.2% drop in sales of clinker and cement to 20.6 million tonnes, registering the more dramatic sales decrease in Ukraine, Mexico and Czech Republic.

Sales of pre-packaged concrete also dropped 6.8% to 9.6 million m3, especially in Poland, Italy and the Netherlands.

For 2013, the company expects its EBITDA to be 5%-10% lower than the result posted in 2012.

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