EANS-News

Wienerberger proves its resilience in H1 2020 and is well prepared for the recovery

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Financial Figures/Balance Sheet/Mid Year Results

Vienna - August 12, 2020

Highlights

* Wienerberger continues to benefit from its digital solutions and portfolio of
premium products
* Resilient performance with revenues of EUR 1,642 million (-5%) and EBITDA LFL
of EUR 255 million (-12%) in a challenging market environment
* Significantly enhanced liquidity and robust balance-sheet, with net leverage
of 1.6x as at 30 June 2020 (30 June 2019: 1.8x)


Outlook for 2020

* Intensified focus on innovation, sustainability and digitalization
* Well-positioned to benefit from governmental economic stimulus programs
* Due to solid July trading, guidance increased to EUR 480-500 million EBITDA
LFL

After a strong start to 2020, Wienerberger has delivered solid first half-year
results despite the impact of the Covid-19 pandemic.

Commenting on the company's performance, Chairman of the Managing Board of
Wienerberger, Heimo Scheuch, noted: "Our mid-year results clearly show that our
business is very resilient and we are able to cope with such a crisis. Due to
our experienced management team, we reacted quickly and therefore performed
well. We took the necessary steps to ensure the health and safety of our
employees and partners throughout the crisis. Thanks to a high degree of
digitalization, our supply chains were never interrupted and we were able to
provide our customers with sustainable solutions even during the most difficult
phase of the crisis. Starting in June, we benefited from pent-up demand
accumulated during the lockdown phase."

Despite lockdowns in many of Wienerberger's core markets, the company closed the
first half of the year with Group revenues of EUR 1,642 million, just 5% below
the previous year's record level (H1 2019: EUR 1,736 million). In the context of
a difficult market environment, which was severely impacted by the crisis,
Wienerberger succeeded in further improving its product mix by focusing on
premium solutions, and continued to perform strongly in regard to pricing. In
terms of EBITDA LFL, the Fast Forward program made a positive contribution of
EUR 15 million. At EUR 255 million, EBITDA LFL showed solid development and fell
short by only 12% of the record level seen in H1 2019 of EUR 290 million.