Buzzi S.p.A. (BZZUY) Q2 2026 Earnings Call Transcript

SA Transcripts 161.49K Followers Follow Buzzi S.p.A. ( BZZUY ) Q2 2026 Earnings Call August 4, 2026 10:30 AM EDT Company Participants Pietro Buzzi - CEO & Executive Director Lorenzo Coaloa - Head of Finance & Treasury Giovanni Guaschino Conference Call Participants Benjamin Rada Martin - Goldman Sachs Group, Inc., Research Division Ephrem Ravi - Citigroup Inc., Research Division Yassine Touahri - On Field Investment Research LLP Alessandro Tortora - Mediobanca - Banca di credito finanziario S.p.A., Research Division Julian Radlinger - UBS Investment Bank, Research Division Allison Sun - BofA Securities, Research Division Cedar Ekblom - Morgan Stanley, Research Division Davide Longo Presentation Operator Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Buzzi Half Year 2026 Results Conference Call. [Operator Instructions] At this time, I would like to turn the conference over to Mr. Pietro Buzzi, CEO of Buzzi S.p.A. Mr. Buzzi, you have the floor. Pietro Buzzi CEO & Executive Director Okay. Thank you. Welcome, everyone. Good afternoon. The idea, as usual, is to go over our presentation that was made available for you. And like the operator said, starting later on some Q&A session on the matter that can be more of interest to you. The results that we released this early afternoon are, I would say, not as good as the previous 2 years, but still pretty sound, at least in our opinion. We were able to stabilize the turnover, basically remain at the same level as last year, even considering some very challenging conditions in some of our geographies. The cement volumes, if we consider the reported figure are actually 5% (sic) [ 5.4% ] above last year. It is true that they have been influenced quite significantly by some scope changes, but still, they are showing a favorable trend. We are instead somewhat lower than last year if we look at our ready-mix volumes, about 4% below. And this is also due to