Net sales up by 0.3%, but lfl sales increased by 1.7%. EBITDA increased by 16.4% to €551m, in line with our forecast. EBITDA margin up by 260bp to 20.6%, in line with our forecast. Consolidated net profit up by 16.4%, below our forecast due to the high tax rate. Net debt decreased by 8.5% to €942m, which is above our forecast due to the fair value attached to the convertible bonds. Cement volume up by 0.3%. Dividend up from €0.075 to €0.10, in line with our forecast.
04 Apr 2017
2017 once again expected to be driven by the US
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
2017 once again expected to be driven by the US
Buzzi Spa (BZU:WBO) | 0 0 1.6% | Mkt Cap: 4,003m
- Published:
04 Apr 2017 -
Author:
Felix Brunotte -
Pages:
3
Net sales up by 0.3%, but lfl sales increased by 1.7%. EBITDA increased by 16.4% to €551m, in line with our forecast. EBITDA margin up by 260bp to 20.6%, in line with our forecast. Consolidated net profit up by 16.4%, below our forecast due to the high tax rate. Net debt decreased by 8.5% to €942m, which is above our forecast due to the fair value attached to the convertible bonds. Cement volume up by 0.3%. Dividend up from €0.075 to €0.10, in line with our forecast.