Buzzi released its Q1 trading statement with net sales up by 17.2% (+14.5% lfl), the growth being driven mainly by Eastern and Central Europe as well as the US. The company has reiterated its outlook for the full year and, additionally, has introduced quantifiable sustainability targets for 2030 and 2050, in line with its peers and in accordance with the Paris agreement.
We leave our estimates unchanged following this trading update.
13 May 2022
Q1 22: good performance but conservative full-year outlook maintained
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Q1 22: good performance but conservative full-year outlook maintained
- Published:
13 May 2022 -
Author:
Sejal Varshney -
Pages:
3
Buzzi released its Q1 trading statement with net sales up by 17.2% (+14.5% lfl), the growth being driven mainly by Eastern and Central Europe as well as the US. The company has reiterated its outlook for the full year and, additionally, has introduced quantifiable sustainability targets for 2030 and 2050, in line with its peers and in accordance with the Paris agreement.
We leave our estimates unchanged following this trading update.