Buzzi Unicem: Initiation of Coverage- Why Germany’s Underused Plant Could Be the Key To Margin Expansion! 

Buzzi Unicem has reported its financial results for 2024, reflecting a mixed performance across different regions and factors affecting its operations. On the positive side, Buzzi showcased resilience by maintaining strong profitability. The company reported an increase in EBITDA margin of nearly 1%, highlighting effective cost control and operational efficiencies. Additionally, the dividend per share was increased by 17%, signaling a commitment to returning value to shareholders. The completion of key transactions, such as the acquisition of the remaining 50% stake in its Brazilian operations, contributed significantly, providing a boost in both revenue and profitability. Despite an increase in capital expenditures, primarily driven by expansion and decarbonization investments, Buzzi managed to sustain its net cash position from the previous year.