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.
The European Commission has opened an in-depth investigation to assess whether the planned acquisition of the Spanish operations of Swiss building materials group Holcim by its Mexican rival Cemex is in line with the EU Merger Regulation. More
Tenova TAKRAF Africa is carrying out projects to replace ESPs with reverse pulse bag filters at two of PPC Ltd’s plants in South Africa. More