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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  LafargeHolcim    LHN   CH0012214059

LAFARGEHOLCIM

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LafargeHolcim : Wienerberger upbeat on full-year, sees strong demand in Britain

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08/13/2019 | 03:27am EDT
Bricks are stored at the headquarters of Wienerberger, the world's biggest brick maker, in Hennersdorf

VIENNA (Reuters) - Austria's Wienerberger, the world's largest brickmaker, raised its full-year forecast on Tuesday after strong demand for its building materials, efficiency gains and revenues from recent acquisitions lifted first-half results.

Wienerberger's group revenue rose 8% to 1.74 billion euros (£1.62 billion) in the six months through June, while adjusted earnings before interest, tax, amortisation and depreciation (EBITDA) grew 33% to 286.6 million euros.

"Besides the early start to the construction season due to favourable weather conditions, our intensified focus on premium product solutions and our proactive pricing policy were the main factors contributing to this strong development," the group said.

The firm now expects adjusted EBITDA of 570 million to 580 million euros in 2019, after guiding for 560 million to 580 million euros previously.

Wienerberger's generally optimistic outlook echoed those of other construction companies, but unlike most of its rivals it also said business was flourishing in Britain, its largest single market with a 10% revenue contribution.

Demand for the group's blocks, roof tiles and bricks remained high in Britain, despite growing political and economic uncertainty over the country's upcoming exit from the European Union, Wienerberger said.

UK revenue grew 15% in the first half to 183.6 million euros.

The world's largest cement maker LafargeHolcim said last month that the construction sector was showing resilience in the face of trade wars and a slowing global economy but that Britain was a weak spot due to Brexit uncertainty.

(Reporting by Kirsti Knolle; Editing by Thomas Seythal and Jan Harvey)

Stocks mentioned in the article
ChangeLast1st jan.
LAFARGEHOLCIM 0.83% 45.97 Delayed Quote.13.51%
WIENERBERGER AG 0.38% 21 End-of-day quote.17.06%
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Financials (CHF)
Sales 2019 27 327 M
EBIT 2019 4 028 M
Net income 2019 2 261 M
Debt 2019 10 111 M
Yield 2019 4,38%
P/E ratio 2019 12,2x
P/E ratio 2020 11,8x
EV / Sales2019 1,39x
EV / Sales2020 1,30x
Capitalization 27 821 M
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Technical analysis trends LAFARGEHOLCIM
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 56,17  CHF
Last Close Price 45,97  CHF
Spread / Highest target 52,3%
Spread / Average Target 22,2%
Spread / Lowest Target -4,29%
EPS Revisions
Managers
NameTitle
Jan Jenisch Chief Executive Officer
Beat W. Hess Chairman
Géraldine Picaud Chief Financial Officer
Heike Faulhammer Group Head-Research & Development
Bertrand P. Collomb Independent Director
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