The largest brick and building materials group in the world, Wienerberger, more than tripled its profit in the past 2021 financial year. The result was 311 million euros, after 89 million euros in 2020, as the company announced yesterday. Sales increased by 18 percent to almost four billion euros. The dividend is now to be raised sharply by 25 percent to EUR 0.75 per share.
“Of course, inflation and rising interest rates play a role in corporate decisions,” said the CEO Heimo Scheuch on Wednesday at the online balance sheet press conference.
A sustainable purchasing policy has succeeded in cushioning inflation. The significant price increases in the second Corona year 2021 were passed on to customers as far as possible.
This is also planned for this year. Wienerberger anticipates further cost increases of around seven percent, for example due to higher expenditure on energy and personnel. “Due to market developments, we see the possibility that we can reflect the increase in inflation through price increases – like in 2021,” said the CEO. The number of employees worldwide rose from 16,619 to 17,624 (plus six percent).
Source: Nachrichten
