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Financial Figures/Balance Sheet 
 
Wien - 
Zwtl.: Highlights 
 
 
* Wienerberger reports strong profit increase in first quarter - operating 
  profit above previous year's level 
* Strong growth in infrastructure and renovation segments 
* Q1 Group revenues of EUR 796.5 million almost at record level 
 
 
 
Zwtl.: Outlook for 2021 
 
 
 
* In the short-term, the market environment remains somewhat uncertain given the 
  ongoing impact of Covid-19, but Wienerberger expects to see a swift recovery 
  in new build, with particular growth in premium products, and further 
  strengthening of demand in the infrastructure and renovation markets 
* Wienerberger reaffirms its EBITDA LFL guidance for 2021 of EUR 600 - 620 
  million 
 
 
Wienerberger has delivered excellent results in the first quarter, in line with 
the strong performance in Q1 2020. Despite a challenging market environment, 
Wienerberger has achieved Group revenues of EUR 796.5 million (2020: EUR 793.3 
million) and EBITDA LFL of EUR 107.2 million (2020: EUR 107.7 million). 
 
"Our strong first quarter results clearly show that in recent months we have 
reacted swiftly and appropriately to the challenging environment. Business in 
the new build and infrastructure segments was rather slow at the beginning of 
2021, but activity has picked up significantly through the course of March, 
which has been an excellent month for us. The first months of the year were 
characterized by increased renovation activity across all of our markets. In 
this segment, Wienerberger has benefited substantially from its sustainable and 
innovative product solutions. I am also happy to report that the North America 
Business Unit recorded one of the most successful first quarters in its entire 
history", says Heimo Scheuch, Chairman of the Managing Board of Wienerberger 
 
By focusing on its core segments - new build, renovation and infrastructure - 
Wienerberger has once again demonstrated its strong market position across all 
its Business Units. Proactive and forward-looking management of procurement, 
inventory and logistics, as well as high reactivity in our local markets, have 
underpinned our ability to deliver consistently to our customers in the face of 
strong raw material price increases and bottlenecks in raw material supply. This 
has enabled us to further strengthen our market position, especially in 
Wienerberger Piping Solutions. 
 
Heimo Scheuch further elaborates: "We have succeeded in positioning Wienerberger 
as the leading provider of comprehensive solutions for energy and water 
management in Northern Europe. The acquisition of Inter Act has enhanced our 
ability to offer customers complete, digitally-enabled solutions in our markets. 
The Wienerberger Piping Solutions Business Unit recorded a substantial increase 
in demand for infrastructure and water management projects in the first quarter, 
underpinned by the EU's climate change adaptation strategy which these projects 
support." 
 
 
Zwtl.: Performance of the Business Units 
 
 
Following a late start to the construction season, driven by unfavorable weather 
conditions in January and February, the Wienerberger Building Solutions Business 
Unit benefitted from robust demand in March. This enabled the business to catch 
up the lower volumes of new construction activities at the beginning of the 
year. In the renovation segment, Wienerberger Building Solutions saw a 
significant increase in demand relative to Q1 2020, especially in Western 
Europe. Revenues for the quarter decreased 4% year-on-year to EUR 478.5 million 
(2020: EUR 500.4 million), whilst EBITDA LFL amounted to EUR 76.8 million (2020: 
EUR 83.9 million). 
 
The Wienerberger Piping Solutions Business Unit had a successful start to 2021. 
The business saw strong demand for infrastructure and in-house solutions, 
successfully managed raw material price increases and supply chain bottlenecks, 
and further strengthened its market position in the quarter. Revenues increased 
by 9% to EUR 240.7 million (2020: EUR 220.7 million), whilst EBITDA LFL improved 
by 13% to EUR 21.2 million (2020: EUR 18.7 million). 
 
The North America Business Unit had a record first quarter. Despite a weaker US 
dollar, reported revenues increased by 7% to EUR 76.5 million (2020: EUR 71.4 
million), whilst EBITDA LFL improved by 81% over the previous year's level to 
EUR 9.2 million (2020: EUR 5.1 million). The main drivers of this result were 
the extremely strong performance of the Canadian market and the plastic pipe 
business. The closing of the acquisition of Meridian Bricks is still expected in 
Q2, subject to the approval of the US Competition Authority. We look forward to 
a successful integration and to even stronger performance in future, supported 
by both the quality of the business and a favorable market outlook. 
 
 
Zwtl.: Outlook for 2021 
 
 
In the first half of 2021, Covid-19 will continue to contribute to ongoing 
uncertainty in Wienerberger's markets, but Wienerberger nonetheless expects to 
see a recovery of demand in both new build and infrastructure in Europe. 
Moreover, in the short-term, all Business Units are benefitting from catch-up 
effects due to slower starts at the beginning of the year. Wienerberger 
anticipates that overall market fundamentals will support future growth for all 
its core segments with the potential for further upside from government stimulus 
programs. The renovation and infrastructure markets, in particular, are expected 
to remain strong. In North America, Wienerberger expects swift recovery in all 
core segments, supported by increasing housing permits, public stimulus programs 
and continued low mortgage rates. 
 
Wienerberger's resilient supply chain structures, including local sourcing and 
supporting hedging policies in all its Business Units, will continue to provide 
some level of protection from rising input prices. Regarding the current price 
development for raw materials and other operating supplies, Wienerberger will be 
able to cover this with corresponding price increases for the year 2021. As 
already announced, the extremely strong price increase for plastic granulates 
will affect the group's results in Q2 and Q3 negatively by a maximum up to EUR 
20 million. Due to market conditions, this cannot be passed on to customers 
immediately. This situation should ease from the end of Q2. The amount of EUR 20 
million is already included in the guidance for 2021. 
 
Wienerberger assumes that its self-help program, including further operational 
excellence measures and targeted investments, will achieve an EBITDA improvement 
of EUR 40 million in 2021 and reaffirms its overall EBITDA LFL guidance for 2021 
of EUR 600 - 620 million. 
 
For the complete report on the first quarter of 2021, please refer to https:// 
www.wienerberger.com/en [https://www.wienerberger.com/en]. 
 
 
Zwtl.: Wienerberger Group 
 
 
The Wienerberger Group is a leading international provider of smart solutions 
for the entire building envelope and for infrastructure. Wienerberger is the 
world's largest producer of bricks (Porotherm, Terca) and the market leader in 
clay roof tiles (Koramic, Tondach) in Europe as well as concrete pavers 
(Semmelrock) in Eastern Europe. In pipe systems (Steinzeug-Keramo ceramic pipes 
and Pipelife plastic pipes), the company is one of the leading suppliers in 
Europe. With its total of 197 production sites, the Wienerberger Group generated 
revenues of EUR 3.4 billion and EBITDA LFL of EUR 566 million in 2020. 
 
 
 
Further inquiry note: 
Claudia Hajdinyak, Head of Corporate Communications Wienerberger AG 
t +43 664 828 31 83 | claudia.hajdinyak@wienerberger.com 
 
Elisabeth Falkner, Head of Investor Relations Wienerberger AG 
t +43 1 601 92 - 10221 | investor@wienerberger.co 
 
end of announcement                         euro adhoc 
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(END) Dow Jones Newswires

May 12, 2021 01:30 ET (05:30 GMT)