Buzzi stock falls 1.24 percent as EUR 100 million buyback starts

Published on 10/07/2026 at 13:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Buzzi stock trades at EUR 37.29 on October 7, 2026, 31.9 percent below its 52-week high. The EUR 100 million buyback began October 1 as H1 EBITDA fell 8.2 percent.

SW-Reportagefoto Baustelle mit Betonmischer, Buzzi S.p.A., ISIN IT0001347308 — Schwarzweiße Reportage-Aufnahme einer Baustelle illustriert Buzzi S.p.A., ISIN IT0001347308, mit Betonmischer und Bauarbeitern, Illustration mit AI erstellt.

Buzzi stock (ISIN IT0001347308) was trading at EUR 37.29 on Borsa Italiana on October 7, 2026 at 12:59 p.m. CEST, down 1.24 percent during the session. The price stood 31.9 percent below its 52-week high of EUR 54.75, putting the company at a market capitalization of EUR 6.6 billion.

Buyback sets the immediate theme

Buzzi published information on its capital allocation plans on October 5. According to Buzzi, the company began a share buyback program of up to EUR 100 million on October 1, 2026, with purchases scheduled through January 15, 2027.

The program will run on Euronext Milan and may result in shares being held in treasury or canceled, according to Teleborsa on September 30, 2026. That makes the buyback a direct capital-allocation factor while the stock trades below its yearly high.

H1 margin pressure matters

Buzzi's first-half 2026 results showed stable sales but weaker profitability. According to Quartr, net sales reached EUR 2,189 million, down 1.1 percent on a like-for-like basis, while EBITDA declined 8.2 percent year over year to EUR 483 million and the margin fell 190 basis points to 22.1 percent.

Cement volumes increased 5.4 percent to 15.7 million tonnes, but ready-mix volumes dropped 4.2 percent to 4.6 million cubic meters. Buzzi retained its 2026 recurring EBITDA guidance of EUR 1.10 billion to EUR 1.20 billion, leaving cost control and regional demand as key tests for the second half.

Analyst targets remain higher

Capital.com reported on September 25, 2026 that the published consensus was Buy, based on 16 analyst projections. The average 12-month target was EUR 51.30, with estimates ranging from EUR 42 to EUR 56, placing the average target 37.6 percent above the EUR 37.29 share price.

The same analyst overview said Berenberg maintained a Hold rating on September 8, 2026, while cutting its target from EUR 50 to EUR 44. The contrast between the broad consensus and the lower Berenberg target reflects the market's differing assumptions about construction demand, input costs, currencies and the pace of margin recovery.

Stock trades in the lower range

Buzzi's reference price was EUR 37.29 on October 7, 2026 at 12:59 p.m. CEST, with a session range of EUR 37.17 to EUR 37.76 and volume of 143,037 shares. The 52-week range was EUR 35.53 to EUR 54.75 on the same date.