UBS cuts target for Buzzi stock as first-half results weaken

Published on 10/05/2026 at 10:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 0.05 percent in the first half of 2026. Buzzi stock costs EUR 38.20 on October 5, 2026, plus 0.58 percent versus EUR 37.98.

SW-Reportagefoto Baustelle mit Betonmischer, Buzzi S.p.A., ISIN IT0001347308 — Schwarzweiße Reportage-Aufnahme einer Baustelle illustriert Buzzi S.p.A., ISIN IT0001347308, mit Betonmischer und Bauarbeitern, Illustration mit AI erstellt.

Buzzi stock (ISIN IT0001347308) was trading at EUR 38.20 at Lang & Schwarz on October 5, 2026 at 10:16 a.m. CEST, up 0.58 percent versus the prior close of EUR 37.98. MarketScreener reported on September 23, 2026 that UBS recommended selling Buzzi, cut its target and reduced its estimates.

First-half earnings lost momentum

Capital.com reported that Buzzi's first-half 2026 net sales rose 0.05 percent to EUR 2,188.5 million from EUR 2,187.4 million a year earlier. Cement and clinker volumes increased 5.40 percent to 15.7 million tonnes, but ready-mix concrete volumes declined 4.20 percent to 4.6 million cubic meters.

The pressure showed up in EBITDA, or earnings before interest, taxes, depreciation and amortization. EBITDA fell 8.20 percent year over year to EUR 482.7 million, recurring EBITDA declined 9.70 percent to EUR 475.2 million, and net profit fell 16.80 percent to EUR 324.5 million in the first half of 2026.

Guidance sets the next test

Buzzi retained recurring EBITDA guidance of EUR 1.10 billion to EUR 1.20 billion for fiscal year 2026, according to Capital.com. That range gives investors a concrete benchmark for the second half, but the first-half decline means volume recovery and pricing will have to offset cost pressure.

Buzzi's net cash stood at EUR 896.1 million on June 30, 2026, down from EUR 1.11 billion at the end of fiscal year 2025, while capital expenditure and share buybacks reduced cash generation. The company calendar lists its half-year report on August 4, 2026 and a further quarterly update for September 30, 2026 on the investor-relations page.

Stock remains below its yearly high

Buzzi is listed on Borsa Italiana under ticker BZU.MI and ISIN IT0001347308, according to Global Banking and Finance. The primary-listing quote was EUR 38.14 at 10:12 a.m. CEST on October 5, 2026, with a 52-week range of EUR 35.53 to EUR 54.75 and market capitalization of EUR 6.7 billion.

At Lang & Schwarz, the intraday price was EUR 38.20 on October 5, 2026 at 10:16 a.m. CEST, compared with the EUR 37.98 prior close of October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Buzzi stock.