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EANS-News Wienerberger's strong Q1 2021 performance exceeds expectations

Nachrichtenagentur: news aktuell
12.05.2021, 09:45  |  191   |   |   

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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
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Financial Figures/Balance Sheet

Wien -
Zwtl.: Highlights


* Wienerberger reports strong profit increase in first quarter - operating
profit above previous year's level
* Strong growth in infrastructure and renovation segments
* Q1 Group revenues of EUR 796.5 million almost at record level



Zwtl.: Outlook for 2021



* In the short-term, the market environment remains somewhat uncertain given the
ongoing impact of Covid-19, but Wienerberger expects to see a swift recovery
in new build, with particular growth in premium products, and further
strengthening of demand in the infrastructure and renovation markets
* Wienerberger reaffirms its EBITDA LFL guidance for 2021 of EUR 600 - 620
million


Wienerberger has delivered excellent results in the first quarter, in line with
the strong performance in Q1 2020. Despite a challenging market environment,
Wienerberger has achieved Group revenues of EUR 796.5 million (2020: EUR 793.3
million) and EBITDA LFL of EUR 107.2 million (2020: EUR 107.7 million).

"Our strong first quarter results clearly show that in recent months we have
reacted swiftly and appropriately to the challenging environment. Business in
the new build and infrastructure segments was rather slow at the beginning of
2021, but activity has picked up significantly through the course of March,
which has been an excellent month for us. The first months of the year were
characterized by increased renovation activity across all of our markets. In
this segment, Wienerberger has benefited substantially from its sustainable and
innovative product solutions. I am also happy to report that the North America
Business Unit recorded one of the most successful first quarters in its entire
history", says Heimo Scheuch, Chairman of the Managing Board of Wienerberger

By focusing on its core segments - new build, renovation and infrastructure -
Wienerberger has once again demonstrated its strong market position across all
its Business Units. Proactive and forward-looking management of procurement,
inventory and logistics, as well as high reactivity in our local markets, have
underpinned our ability to deliver consistently to our customers in the face of
strong raw material price increases and bottlenecks in raw material supply. This
has enabled us to further strengthen our market position, especially in
Wienerberger Piping Solutions.
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EANS-News Wienerberger's strong Q1 2021 performance exceeds expectations - Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. - Financial Figures/Balance Sheet Wien - Zwtl.: Highlights * Wienerberger reports strong …

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