Image: Wienerberger Brick Industry GmbH
Sales revenues increased by 25 percent to around five billion euros. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 48 percent to over one billion euros compared to the corona year 2021, as the company announced on Wednesday morning. The dividend is to be increased by 20 percent to 90 cents per share. The world’s largest brick manufacturer intends to present the complete annual financial statements on March 27th.
Wienerberger expects the global market environment to remain unstable in 2023. Some factors such as the war in Ukraine, highly volatile financial markets, only a slow decline in high inflation figures and rising borrowing costs would still have to be considered this year.
Less new construction in Europe and North America
According to the information provided, the management expects significantly lower market levels in Europe and North America this year – especially in the new construction segment (minus 15 and 20 percent respectively), but also in the infrastructure sector (minus 5 percent each). The market for renovation and refurbishment, which accounts for 29 percent of Wienerberger’s sales, should remain stable.
According to its own statements, Wienerberger wants to “generate strong results again” and “significantly outperform” its markets in 2023. The “sustainable, profitable growth strategy” is to be consistently continued.
Source: Nachrichten
