Italian construction group Buzzi's nine-month sales drop 2.5%

Buzzi SpA

05/11/2024 14:17

Nov 5 (Reuters) - Italian construction group Buzzi's
 BZU.MI  like-for-like sales in the first nine months of the
year dropped 2.5% to 3.18 billion euros ($3.46 billion) on
demand weakness in Central Europe and a prolonged slowdown in
Italy and the United States, it said on Tuesday.
    Ready-mix concrete sales were down 7.6% and cement sales
dropped by 6.4%.
    "For the whole year 2024, we therefore expect a recurring
EBITDA similar but not greater than the record levels of 2023,"
the company said in a note.

($1 = 0.9178 euros)

 (Reporting by Romolo Tosiani
Editing by David Goodman
)
 ((Romolo.Tosiani@tr.com; X:@RomoloTosiani;))