Buzzi published a good set of results. It observed net sales growth in all four regions, reaching €3,446m (+6.9% yoy) and an organic EBITDA growth of 4.2% yoy. Buzzi generated ~€600m of net cash from operations and has proposed a dividend of €0.4/share (+60% yoy). For 2022, Buzzi expects a continuity in the demand momentum but operating margins will be significantly impacted in Russia, Ukraine and Italy due to the war.
28 Mar 2022
FY22 outlook gloomy due to war
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FY22 outlook gloomy due to war
- Published:
28 Mar 2022 -
Author:
Sejal Varshney -
Pages:
3
Buzzi published a good set of results. It observed net sales growth in all four regions, reaching €3,446m (+6.9% yoy) and an organic EBITDA growth of 4.2% yoy. Buzzi generated ~€600m of net cash from operations and has proposed a dividend of €0.4/share (+60% yoy). For 2022, Buzzi expects a continuity in the demand momentum but operating margins will be significantly impacted in Russia, Ukraine and Italy due to the war.