Wienerberger AG

Wienerberger with strong growth in the first half of 2018 - Seite 3

For 2018 as a whole, Wienerberger expects to see substantial revenue and earnings growth in the Clay Building Materials Europe Division. For the Pipes & Pavers Europe Division, the positive market trend is projected to continue and further earnings growth is expected. In the USA, the economic environment is anticipated to remain favorable and should enable the North America Division to generate significant growth in earnings.

Overall and from today's perspective, Wienerberger confirms its target of increasing its adjusted EBITDA at Group level to the projected range of Eur 450 million to Eur 470 million for the full year.

For the complete report on the first half of 2018, the video message by Heimo Scheuch (CEO of Wienerberger AG) on the mid-year results, as well as the webcast of the press conference at 9:30 am, please visit wienerberger.com/en.

Earnings Data		1-6/2017	1-6/2018	Chg. in %	Year-end 2017
Revenues	in MEUR	1,528.7	1,606.9	+5	3,119.7
EBITDA LFL 1)	in MEUR	182.1	214.2	+18	-
EBITDA	in MEUR	190.1	198.9	+5	415.0
Operating EBIT	in MEUR	96.3	104.2	+8	194.2
Profit before tax	in MEUR	72.1	86.6	+20	144.9
Net result	in MEUR	41.7	53.2	+28	123.2
Earnings per share	in EUR	0.36	0.46	+28	1.05
Free cash flow 2)	in MEUR	-137.7	-47.4	+66	152.5
Normal capex	in MEUR	57.9	60.7	+5	147.5
Growth capex	in MEUR	0.4	60.9	>100	58.8
Ø Employees	in FTE	16,156	16,652	+3	16,297

Balance Sheet Data		31/12/2017	30/6/2018	Chg. in %
Equity 3)	in MEUR	1,911.2	1,855.9	-3
Net debt	in MEUR	566.4	778.7	+37
Capital employed	in MEUR	2,459.2	2,612.1	+6
Total assets	in MEUR	3,659.9	3,951.0	+8
Gearing	in %	29.6	42.0	-

Divisions 1-6/2018 in MEUR and % 4)	Clay Building Materials Europe		Pipes & Pavers Europe		North America		Holding & Others		Reconciliation
External revenues	918.7	(+6%)	534.1	(+7%)	149.3	(-3%)	4.0	(-13%)
Inter-company revenues	0.9	(+11%)	0.1	(-25%)	0.0	(-98%)	8.1	(+17%)	-8.4
Revenues	919.7	(+6%)	534.2	(+7%)	149.3	(-4%)	12.1	(+5%)	-8.4
EBITDA	158.7	(+7%)	28.4	(-25%)	23.6	(+79%)	-11.8	(-31%)
Operating EBIT	103.7	(+14%)	2.3	(-85%)	11.4	(>100%)	-13.1	(-30%)
Total investments	91.8	(>100%)	23.7	(+43%)	4.7	(+4%)	1.5	(+12%)
Capital employed	1,609.1	(-1%)	606.3	(-6%)	387.8	(+17%)	8.9	(+67%)
Ø Employees (in FTE)	10,817	(+4%)	4,230	(+1%)	1,383	(+6%)	222	(+7%)

1) Adjusted for effects from consolidation, FX, sale of non-operating assets and operating assets as well as structural adjustments // 2) Cash flow from operating activities less cash flow from investing activities plus growth capex excluding changes in non-controlling interests // 3) Equity including non-controlling interests and hybrid capital // 4) Changes in % to the comparable prior year period are shown in brackets