Buzzi launches EUR 100 million buyback of Buzzi stock

Published on 10/01/2026 at 16:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half EBITDA fell 8.20 percent to EUR 482.70 million. Buzzi stock costs EUR 37.52 on October 1, 2026 after EUR 37.42, plus 0.27 percent.

Pop-Art-Comic mit Betonmischer und Zementwerk, Buzzi S.p.A., ISIN IT0001347308 — Farbenfrohe Pop-Art-Comic-Szene mit Betonmischer und Zementwerk feiert die Branche von Buzzi S.p.A., ISIN IT0001347308, Illustration mit AI erstellt.

Buzzi stock (ISIN IT0001347308) was trading at EUR 37.52 at Lang & Schwarz on October 1, 2026 at 4:39 p.m. CEST, plus 0.27 percent versus the prior close of EUR 37.42. On September 30, 2026, Repubblica reported that Buzzi launched a share buyback worth up to EUR 100.0 million, scheduled to run from October 1, 2026, through January 15, 2027.

First-half EBITDA falls 8.20 percent

Capital.com reported that Buzzi's first-half 2026 net sales were EUR 2.19 billion, compared with EUR 2.19 billion a year earlier. Consolidated EBITDA fell 8.20 percent year over year to EUR 482.70 million, while recurring EBITDA declined 9.70 percent to EUR 475.20 million.

The operating mix was uneven in the first half of 2026. Cement and clinker volumes increased 5.40 percent to 15.70 million tonnes, while ready-mix concrete volumes decreased 4.20 percent to 4.60 million cubic meters. Net profit fell 16.80 percent to EUR 324.50 million, and net cash stood at EUR 896.10 million on June 30, 2026.

UBS target stays below the quote

On September 22, 2026, Investing.com reported that UBS downgraded Buzzi from Neutral to Sell and cut its price target from EUR 52.00 to EUR 34.00. The broker cited import pressure in the southern United States and rising European carbon costs, while reducing its 2027 to 2030 earnings-per-share estimates by 10.00 percent to 25.00 percent.

The new target is EUR 3.52 below the Lang & Schwarz price and places the current quote 10.35 percent above the target. UBS also said Buzzi's US cement business accounts for 45.00 percent of EBITDA, making regional pricing and construction demand important variables for the second half of 2026 and beyond.

Buyback meets a weaker earnings base

Buzzi retained its 2026 recurring EBITDA guidance of EUR 1.10 billion to EUR 1.20 billion after reporting the first-half figures. The gap between EUR 475.20 million of first-half recurring EBITDA and the lower end of the full-year guidance shows the importance of second-half execution, while the EUR 100.0 million buyback adds a separate capital-allocation signal.

Stock price remains below yearly high

Buzzi trades on Euronext Milan under ticker BZU, according to a September 26, 2026 market-data page that identifies the listing and ISIN. The stock price of EUR 37.52 at Lang & Schwarz on October 1, 2026 was EUR 16.98 below the EUR 54.50 52-week high cited by Investing.com on September 22, 2026, a difference of 31.16 percent. The further course of trading is shown by the continuously updated real-time quote of Buzzi stock.