Italy's Buzzi posts sales fall, keeps optimistic outlook
Aug 2 (Reuters) -Italian construction group Buzzi BZU.MI posted a 4.5% drop in first-half revenue on Friday hurt by weak demand in Central Europe and adverse weather in Italy and the United States.
Buzzi said its revenue fell to 2.1 billion euros ($2.27 billion), with cement and clinker sales down 8.0% and concrete sales dropping by 8.8%.
"The decline at the beginning of the year continued into the second quarter, albeit to a lesser extent, due to still weak demand in Central Europe and increased rainfall, especially in Italy and the United States," the company said in a note.
Buzzi retained an upbeat outlook, however, saying it expected demand in Italy to stabilise in the second half, thanks in part to the country's National Recovery and Resilience Plan (PNRR).
($1 = 0.9234 euros)
Reporting by Luca Fratangelo; editing by Jason Neely
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