Despite solid growth in all geographic areas, Buzzi reported FY17e turnover which came in short of expectations mainly because of headwinds in the US. The latter will also have a negative impact on the earnings as management guided for a 2017 recurring EBITDA of c. €580m, ending up at the lower end of the previous guidance. Go for CEE rather than Italy and the US.
12 Feb 2018
FY trading update: Go for CEE rather than Italy and the US
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FY trading update: Go for CEE rather than Italy and the US
Buzzi Spa (BZU:WBO) | 0 0 1.6% | Mkt Cap: 4,003m
- Published:
12 Feb 2018 -
Author:
Felix Brunotte -
Pages:
3
Despite solid growth in all geographic areas, Buzzi reported FY17e turnover which came in short of expectations mainly because of headwinds in the US. The latter will also have a negative impact on the earnings as management guided for a 2017 recurring EBITDA of c. €580m, ending up at the lower end of the previous guidance. Go for CEE rather than Italy and the US.