Italy's Buzzi forecasts slightly lower core profit for 2026
31/03/2026 13:14
March 31 (Reuters) - Italian cement maker Buzzi BZU.MI said on Tuesday it expected 2026 recurring core earnings to contract slightly compared to last year, warning that rising energy prices could lead to higher operating costs. Buzzi's earnings before interest, taxes, depreciation and amortisation fell 3.1% to about 1.24 billion euros ($1.42 billion) in 2025, but beat analysts' consensus forecast thanks to its expansion in the Middle East and Austria. Buzzi proposed a dividend of 0.70 euro per share Full-year sales grew 4.8%, slightly beating market expectations It proposed a share buyback of up to 300 million euros Net financial position at end-December was 1.13 billion euros ($1 = 0.8708 euros) (Reporting by Mirko Miorelli in Gdansk, editing by Milla Nissi-Prussak) ((Mirko.miorelli@thomsonreuters.com))