As expected from the good earnings release of HeidelbergCement, earlier in the same day, in North America thanks to good weather, Buzzi posted outstanding growth in Q1 19 with an increase in sales of 17.6% lfl. Following this release, we will increase our EBITDA forecast by some 5% with an expected similar impact on the target price. However, we don’t intend to change our Reduce recommendation.
09 May 2019
Q1 19: exceptional start to the year thanks to good weather conditions
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Q1 19: exceptional start to the year thanks to good weather conditions
Buzzi Spa (BZU:WBO) | 0 0 1.6% | Mkt Cap: 4,003m
- Published:
09 May 2019 -
Author:
Felix Brunotte -
Pages:
3
As expected from the good earnings release of HeidelbergCement, earlier in the same day, in North America thanks to good weather, Buzzi posted outstanding growth in Q1 19 with an increase in sales of 17.6% lfl. Following this release, we will increase our EBITDA forecast by some 5% with an expected similar impact on the target price. However, we don’t intend to change our Reduce recommendation.