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MarketScreener Homepage  >  Equities  >  Wiener Boerse  >  Wienerberger AG    WIE   AT0000831706

WIENERBERGER AG

(WIE)
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Wienerberger : ups full-year earnings forecast after pent-up demand in Q2

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07/27/2020 | 03:03am EDT

VIENNA, July 27 (Reuters) - Austria's Wienerberger slightly raised its profit outlook on Monday after second-quarter earnings came in better than expected due to a robust pick up in demand after some pandemic-related restrictions were eased.

The world's largest brickmaker now expects 2020 adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of 460-480 million euros ($539-$562 million).

That's down from 587 million last year but higher than its previous guidance of 440-480 million.

Second-quarter EBITDA fell 17% to 150 million euros on sales down 12% at 847 million euros.

Government-imposed lockdowns in key markets including its home market Austria, weighed heavily on earnings in April and May, Wienerberger said.

But the group, which operates across Europe and North America, said demand returned relatively quickly after it started to ramp up production in some markets from mid-May and was particularly strong in June due to catch-up effects.

"However, we do not see a similar trend for the rest of the year," the group said in a statement.

Wienerberger will publish its full second-quarter report on August 12.

($1 = 0.8538 euros) (Reporting by Kirsti Knolle; edited by Thomas Seythal and Jason Neely)


Stocks mentioned in the article
ChangeLast1st jan.
UNITED PARCEL SERVICE, INC. -0.63% 171.9 Delayed Quote.46.85%
WIENERBERGER AG 1.68% 24.14 End-of-day quote.-8.63%
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Financials
Sales 2020 3 228 M 3 829 M 3 829 M
Net income 2020 57,4 M 68,1 M 68,1 M
Net Debt 2020 772 M 916 M 916 M
P/E ratio 2020 63,4x
Yield 2020 2,00%
Capitalization 2 710 M 3 208 M 3 214 M
EV / Sales 2020 1,08x
EV / Sales 2021 1,03x
Nbr of Employees 16 360
Free-Float 97,3%
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 24,93 €
Last Close Price 24,14 €
Spread / Highest target 24,3%
Spread / Average Target 3,27%
Spread / Lowest Target -21,3%
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Managers
NameTitle
Heimo Scheuch Chief Executive Officer
Peter Michael Johnson Chairman-Supervisory Board
Carlo Crosetto Chief Financial Officer
Claudia Schiroky Member-Supervisory Board
Christian Fernand Jourquin Member-Supervisory Board
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