(Alliance News) - Buzzi Unicem Spa reported Thursday that it closed the first quarter with revenues of EUR894 million, down from EUR956 million in the same period a year earlier.

Cement sales fell 11 percent to 5.2 million tons from 5.8 million while concrete sales decreased by the same percentage amount to 2.1 million from 2.4 million a year earlier.

Net financial position at the end of the first quarter was EUR790.5 million from EUR798.0 million at the end of 2023. In the first three months of this year, the company incurred capital expenditures of EUR106.2 million from EUR60.9 million a year earlier.

Buzzi Unicem's stock is down 0.4 percent at EUR35.22 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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