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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  LafargeHolcim Ltd    LHN   CH0012214059

LAFARGEHOLCIM LTD

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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.
EURO / BRITISH POUND (EUR/GBP) -0.04% 0.9025 Delayed Quote.6.35%
JUST GROUP PLC 1.03% 45 Delayed Quote.-43.04%
LAFARGEHOLCIM LTD -0.48% 43.63 Delayed Quote.-18.75%
THE GLOBAL LTD. 6.88% 202 End-of-day quote.-57.11%
WIENERBERGER AG 0.96% 19.88 End-of-day quote.-24.75%
WILL GROUP, INC. 4.06% 564 End-of-day quote.-54.95%
WORLD CO., LTD. 5.00% 1303 End-of-day quote.-51.58%
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Financials
Sales 2020 22 966 M 25 165 M 25 165 M
Net income 2020 1 613 M 1 767 M 1 767 M
Net Debt 2020 8 725 M 9 560 M 9 560 M
P/E ratio 2020 17,2x
Yield 2020 4,55%
Capitalization 26 775 M 29 250 M 29 339 M
EV / Sales 2020 1,55x
EV / Sales 2021 1,38x
Nbr of Employees 72 452
Free-Float 82,8%
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Number of Analysts 20
Average target price 49,84 CHF
Last Close Price 43,63 CHF
Spread / Highest target 49,9%
Spread / Average Target 14,2%
Spread / Lowest Target -21,1%
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Jan Jenisch Chief Executive Officer
Beat W. Hess Chairman
Géraldine Picaud Chief Financial Officer
Óscar Fanjul Martín Vice Chairman
Adrian W. Loader Independent Director
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