Wienerberger: 2020 earnings will be better than expected
December 19, 2020 at 12:57 pm EST
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2020 EBITDA (LFL) anticipated to reach € ~545 million (previously € 480-500 million), reflecting a stronger than expected performance throughout the fourth quarter
Solid financial basis permits continuous growth through M&A
Despite renewed lockdowns and the prevailing market uncertainty, Wienerberger's fourth quarter earnings at Group level have been highly satisfactory to date. Wienerberger benefited from its high-value product portfolio in diversified end markets, continued operational excellence measures as well as mild weather conditions in October and November. Given this strong performance, Wienerberger once again increases its guidance for the business year 2020. EBITDA (LFL) is expected to reach € ~545 million, exceeding the previous EBITDA target of € 480-500 million.
Heimo Scheuch, Chairman of the Managing Board of the Wienerberger Group, comments: 'Despite renewed uncertainty in the markets following the recent corona lockdowns, our performance has been better than expected. This has been made possible by our continuous operational excellence efforts which progressed faster than anticipated and mild weather conditions which kept construction activities up and running.' Wienerberger will therefore continue to implement its operational excellence measures and the announced investments in innovation, digitalization and sustainability as planned. 'This is how we create the prerequisites for further growth in 2021. We are well positioned for the year ahead, which will continue to be marked by Covid in the first half. However, Wienerberger will make every effort to deliver earnings close to pre-crisis levels in 2021', adds Scheuch.
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Wienerberger AG published this content on 11 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 December 2020 17:56:02 UTC
Wienerberger AG is one of Europe's largest building materials producers. Net sales break down by family of products as follows:
- walls, ceilings and roofing (54%): perforated bricks, facing bricks, tiles (clay, concrete or chimney tiles). Wienerberger AG is the world's leading producer of bricks;
- pipes (27%): pipes for water conveyance and sewers and concrete floor tiles.
The remaining sales (19%) relate to activity in North America.
At the end of 2022, the group operated 216 industrial sites worldwide.
Net sales are distributed geographically as follows: Germany (6%), the United Kingdom (8.2%), the Netherlands (8%), Austria (5.8%), Poland (5.5%), France (5%), Europe (30.5%), the United States (17.4%) and other (13.6%).
WIENERBERGER AG 
