(Finance) – Buzzi closes the first nine months with revenues consolidated net income of 3,303 million, up by approximately 10% compared to 2022.
In the period there was a reduction in cement (-8.1%) and concrete (-12.0%) sales volumes, “due to the significant contraction in demand in Central and Eastern Europe” and a less marked weakness in Italy and the United States. United, explains the company in the accounting notes.
There financial position net assets at the end of the period amounted to 673.0 million, compared to 288.2 million at the end of 2022 and 412.0 million at the end of June.
Outlook confirmed
On the basis of the considerations set out above and the performance recorded so far, “we consider it reasonable to confirm the indications provided to the market at the beginning of August, namely that the current year ends with decidedly better results than those of 2022, thanks to the growth in sales prices and a more favorable trend in costs than initial expectations. The gross operating margin recurring for the entire 2023 financial year is expected at 1,100-1,200 million euros”.