Buzzi Unicem

Solid Q3; guidance reiterated

  • Sectors : Building Materials
  • Companies : Buzzi Unicem

Ratings and price correct at time of issue.

  • Buzzi Unicem

    Closing Price: 5160c

  • RATING 04/04/16

  • PREVIOUS RATING 05/08/15

    NEUTRAL

DAVY VIEW

Buzzi Unicem has released a solid Q3 trading update, with nine-month revenue of €3,406m, slightly ahead of consensus. While largely qualitative, the statement highlights positive momentum in Italy, supported by resilient domestic demand, with modest improvements expected in the US and Brazil. As expected, management maintained full-year 2025 recurring EBITDA guidance at €1.1-1.2bn.

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Nov 5 2025, 14:00 GMT

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