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Vienna (OTS) – December 11, 2020
›2020 Adjusted EBITDA expected at ~ € 545 million due to better fourth quarter performance (previously € 480-500 million)
›A strong financial foundation enables continued growth through mergers and acquisitions
The earnings of the Wienerberger Group in the current fourth quarter of 2020 have so far developed extremely positively despite renewed lockdowns and uncertainties in the markets. Wienerberger benefited from its portfolio of high-quality products in diversified end markets, continuous measures to increase efficiency, and mild weather in October and November. Due to this strong performance, Wienerberger is again increasing its guidance for financial year 2020. Adjusted EBITDA is now expected to be around € 545 million and thus exceed the previous EBITDA target of 480-500 millions of euros.
Heimo Scheuch, CEO of the Wienerberger Group, says: “Despite the renewed uncertainties in the markets as a result of the new crown lock, our performance developed stronger than expected. This was made possible by our increased implementation of efficiency improvement measures, which progressed more quickly, and mild weather conditions, which kept construction activities going. ” Therefore, Wienerberger will continue to implement the measures in the area of operational excellence and the announced investments in innovation, digitization and sustainability as planned.. “We are thus creating the conditions for further growth in 2021. We are well positioned for next year, which will continue to be characterized by Covid in the first half of the year. Wienerberger will do everything in his power to achieve a result close to the pre-crisis level in 2021 “, so continues Scheuch.
Solid foundation for inorganic growth
With the clear objective of deepening the added value in the company, increasing the proportion of the entire building envelope and becoming a comprehensive system provider in the infrastructure sector for water and energy management, Wienerberger is also planning new acquisitions that create value and have identified the potential for further growth steps. The goal is to further strengthen the leading position in the market, establish even better innovations in the market and further increase profitability.
“We gained strength during the crisis and successfully overcome challenges. Therefore, we have secured a solid foundation and are now in an excellent position to grow organically and through acquisitions. From this position of strength, we will be an active player in the consolidation of our industry and we will continue to advance in our pioneering role in sustainable and smart solutions for the construction and infrastructure industry ”, Heimo Scheuch closes.
Wienerberger Group
The Wienerberger Group is a leading international provider of smart solutions for the entire building envelope and infrastructure. Wienerberger is the world’s largest brick producer (Porotherm, Terca) and the market leader for clay tiles (Koramic, Tondach) in Europe and for concrete pavements (Semmelrock) in Eastern Europe. When it comes to piping systems (Steinzeug-Keramo brand vitrified clay pipes and Pipelife brand plastic pipes), the company is one of the leading suppliers in Europe. With 201 production sites across the group, Wienerberger generated sales of 3.5 billion euros and an adjusted EBITDA of 587 million euros in 2019.
Queries and contact:
Anna Maria Grausgruber, Head of Investor Relations at Wienerberger AG
t +43 1 601 92 – 10221 | investor@wienerberger.com
Claudia Hajdinyak, Director of Corporate Communications at Wienerberger AG
t +43 664 828 31 83 | claudia.hajdinyak@wienerberger.com
