Italy: Buzzi Unicem sees consolidated losses increase in 2013

Italian building materials producer Buzzi Unicem saw a consolidated net loss of €50.70 million in 2013, compared to a net loss of €28.5 million a year earlier. Losses in the value of fixed activities reached €114.2 million, due largely to the devaluation of sites and new launches in Italy and the Ukraine. Buzzi Unicem's board hopes to launch a share buy-back of up to €4 million.
April 4, 2014 Read time: 1 min

Italian building materials producer 1451 Buzzi Unicem saw a consolidated net loss of €50.70 million in 2013, compared to a net loss of €28.5 million a year earlier.

Losses in the value of fixed activities reached €114.2 million, due largely to the devaluation of sites and new launches in Italy and the Ukraine.

Buzzi Unicem's board hopes to launch a share buy-back of up to €4 million.

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