Buzzi Unicem - Preliminary FY results: EBITDA back in line with guidance, Q4 2018 shipments increase in all geographies

Davy Research
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Buzzi’s US operations were one of the worst hit due to the record rainfall in Texas and the flooding of states surrounding the Mississippi river. The result was a 2-3% cut to the EBITDA guidance for the full year in November. The €570m figure is in line with our forecasts and represents a good end to the year, which bodes well for 2019. We remain positive on the stock given the potential for price increases in the US and steady growth in Europe.