Buzzi released its Q1 trading statement with net sales up by 2.5% lfl, benefiting from favourable pricing, especially in Eastern Europe, and favourable weather in the US. Italy was significantly impacted by the lockdown and, even if the production activity returns to normal, domestic sales are most likely to remain below the 2019 level in Italy. Buzzi will provide some guidance post H1, after some more visibility.
15 May 2020
Q1 20: supported by favourable weather and pricing
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Q1 20: supported by favourable weather and pricing
Buzzi Spa (BZU:WBO) | 0 0 1.6% | Mkt Cap: 4,003m
- Published:
15 May 2020 -
Author:
Sejal Varshney -
Pages:
2
Buzzi released its Q1 trading statement with net sales up by 2.5% lfl, benefiting from favourable pricing, especially in Eastern Europe, and favourable weather in the US. Italy was significantly impacted by the lockdown and, even if the production activity returns to normal, domestic sales are most likely to remain below the 2019 level in Italy. Buzzi will provide some guidance post H1, after some more visibility.