Buzzi sees 2010 core profit missing forecasts

Mulan, Italy-based cement group Buzzi Unicem SpA predicted a deeper-than-expected fall in 2010 core profit on Tuesday, but said signs of improvement could continue in 2011. Italy’s No. 2 cement producer said it saw 2010 recurring earnings before (EBITDA) of around US $546 million. 2010 revenues fell 0.9%, broadly in line with expectations. Buzzi operates in Italy, central and eastern Europe, the United States and Mexico.