Buzzi sales fall in Q1 as Europe deliveries slow down
13/05/2026 10:35
May 13 (Reuters) - Italian cement producer Buzzi BZU.MI said on Wednesday its net sales fell to 960.3 million euros ($1.1 billion) in the first quarter, citing a slowdown in European deliveries due to bad weather. Buzzi, however, saw a 10.4% rise in sold cement volumes compared to a year ago, thanks to the consolidation of its UAE operations into the results since May 2025. The company confirmed its 2026 guidance, expecting recurring core earnings to contract slightly compared to last year due to rising energy prices resulting in higher operating costs and less favourable U.S. dollar exchange rates. ($1 = 0.8546 euros) (Reporting by Mirko Miorelli in Gdansk, editing by Milla Nissi-Prussak) ((Mirko.miorelli@thomsonreuters.com))