2024-05-29 10:30:00 ET
Summary
- Buzzi's financial results for 2023 were strong, with a significant increase in EBITDA margin and EPS.
- The company had a net cash position of over 500M EUR at the end of 2023.
- Buzzi expects its full-year results for 2024 to be similar to 2023 despite a relatively weak first quarter.
Introduction
At the end of last year, I wrote an article on Buzzi ( OTCPK:BZZUF ) arguing the company was in an excellent position to print some phenomenal numbers for 2023 , and I thought the company could potentially be a go-private candidate thanks to its very strong cash flows. The financial results indeed came in very strong and the share price reacted accordingly....
Read the full article on Seeking Alpha
For further details see:
Buzzi: Cement Giant Trading At 8x Earnings