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Feb 8 2018, 15:40 GMT
Buzzi Unicem’s (BZU) US operations saw a soft end to 2017 as harsh weather once again weighed on construction activity. That being the case, FY EBITDA is expected to be c.€580m, some 3% below our estimate. The message elsewhere is good, with European end-markets improving steadily and Italy likely to breakeven in 2018. There is no conference call and FY 2018 guidance will not be provided until the main results presentation on March 28th.