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