Buzzi stock gained 1.58 percent as H1 EBITDA fell 8.2 percent

Published on 10/04/2026 at 15:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Buzzi stock drew a 16-analyst average target of EUR 49.52, 30.8 percent above EUR 37.86. UBS cut its target to EUR 34 from EUR 52 on September 22.

Bauhaus-Poster mit Zementanlage und Schriftzug CEMENT, Buzzi S.p.A., IT0001347308 — Bauhaus-Poster mit geometrischen Formen und Text CEMENT symbolisiert die Branche von Buzzi S.p.A., ISIN IT0001347308, Illustration mit AI erstellt.

Buzzi stock (ISIN IT0001347308) was last at EUR 37.86 on the Milan Stock Exchange on October 2, 2026 at 5:35 p.m. CEST, up 1.58 percent from the prior close. The move came as investors weighed a weaker first-half operating result against the company's retained full-year guidance.

First-half EBITDA falls 8.2 percent

Buzzi's investor-relations page lists the half-year report for August 4, 2026. Capital.com reports that revenue for the six months ended June 30, 2026, was EUR 2,188.5 million, compared with EUR 2,187.4 million a year earlier.

The pressure appeared below the top line. Consolidated EBITDA fell 8.2 percent year over year to EUR 482.7 million, recurring EBITDA declined 9.7 percent to EUR 475.2 million, and net profit fell 16.8 percent to EUR 324.5 million in the same period, according to Capital.com.

Analysts split on the valuation

The analyst picture remains wide. MarketScreener lists a consensus based on 16 analysts, with an average target of EUR 49.52, a high of EUR 56.00 and a low of EUR 34.00. The average target is 30.8 percent above the October 2 price of EUR 37.86, while the low target is 10.2 percent below it.

The most direct negative counterpoint came from UBS on September 22. According to Investing.com, UBS downgraded Buzzi from Neutral to Sell and reduced its price target from EUR 52 to EUR 34, citing cement import pressure in the southern United States and higher European carbon costs. UBS also cut its 2027 to 2030 earnings-per-share estimates by 10 percent to 25 percent.

Stock stays below yearly high

Buzzi's October 2 market capitalization was EUR 6.7 billion, with volume of 389,204 shares. The EUR 35.53 to EUR 54.75 52-week range places the stock EUR 16.89, or 30.8 percent, below its yearly high.

For investors, the central tension is visible in the numbers: revenue held broadly steady in the first half, while EBITDA and net profit contracted. Buzzi retained 2026 recurring EBITDA guidance of EUR 1.10 billion to EUR 1.20 billion, leaving the second half to close the gap between stable sales and lower profitability.