Europe / Middle East / Africa
Buzzi Unicem boosted by strong Dyckerhoff advance
Apr, 02 2012
(Italy) -- On a turnover that advanced by 5.2% to €2787.4m, Buzzi Unicem’s underlying EBITDA improved by 6.0% to €422.3m. With the non-recurrence of the exceptional charges seen in 2010, the trading profit (EBIT) jumped from €0.3m to 185.9m.
After a net interest charge 3.7% lower at €99.8m a pre-tax profit of €84.3m emerged, an improvement on the previous year’s loss but still well below the €235.2m profit achieved in 2009. Net attributable profit was €26.4m. Net debt at the end of the year was 9.8% lower at €1141.1m, while shareholders’ funds improved by 2.2% to €2844.8m to give a gearing of 40.2%. Volumes improved by 6.2% to 28.2Mt in cement and by 4.8% to 15.1Mm³ in ready-mixed concrete.
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