Buzzi Unicem’s revenue boosted by US sales

Italy-based Buzzi Unicem’s profit in the first nine months of 2015 grew to $129m (€120m) from $55m (€51.4m) in the same period of 2014.

Buzzi said it sees good momentum of demand in the US, but suffered from ‘remarkably lower results’ in Ukraine and Russia, penalised by the depreciation of the local currencies.

Deliveries were subdued in Central Europe, while in Italy cement consumption is still down.

For the whole of 2015, Buzzi confirmed that it expects its recurring Ebitda to improve to approximately €450m.

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