Buzzi Unicem announced earnings results for the first half of 2018. For the first half, net sales ended up at a level which is very close to last year. So the reported figures are about 1% below, but the like-for-like figures also. EBITDA, there are a number of nonrecurring items which are impacting the first half figures because the reported numbers are EUR 227 million total versus EUR 241 million last year. The operating profit, the company lost about 200 points of EBITDA margin on a recurring basis. At the operating profit level, that company at 9.2 versus 9.8 last year. The net profit is slightly better than last year, not lower than last year. Capital expenditure was somewhat above last year, last year in the first half, EUR 19 million; this year, EUR 110 million.

For the year 2018, the company provides tax rate guidance of 25%.