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/Mid Year Results/Company Information
Vienna – Highlights
- Strongest half-year performance in Wienerberger’s history
- Group revenues at EUR 1,867.5 million (+14%), surpassing previous highs
- Highest EBITDA LFL on record EUR 308.4 million (+21%)
Outlook for 2021
- Continuation of positive development forecast for all core markets
- EBITDA LFL for 2021 anticipated within a range of EUR 620 to 640 million
- Acquisition of FloPlast and Cork Plastics is another step towards our transformation into a full-range provider of sustainable solutions
Further to the Q2 Trading Statement issued on July 5, 2021, Wienerberger reports its final H1 2021 results, which are the Group’s strongest mid-year results in its history. In the first half of 2021, the Group achieved record revenues of EUR 1,867.5 million, up by approximately 14% from the previous year’s value (H1 2020: EUR 1,641.5 million), despite moderate developments in the core markets and a slower return to pre-Covid levels. Wienerberger reported EBITDA LFL of EUR 308.4 million, corresponding to a 21% increase year-on-year (2020: EUR 254.1 million). Overall, the Group’s performance surpassed the record values of the first half of 2019 by a significant margin (revenues H1 2019: EUR 1,736.4 million, EBITDA EUR 295.7 million).
Heimo Scheuch, Chairman of the Managing Board of Wienerberger AG: “As our outstanding mid-year results achieved in all three Business Units show, we have emerged from the Covid-19 pandemic stronger than before. We have outperformed the success of our previous record year in 2019 and continued the positive trends of recent years.”
In the first half of 2021, Wienerberger also took major strides forward in implementing its ESG targets, which it considers a crucial component of its future success. Heimo Scheuch explains: “Given the most recent manifestations of climate change and torrential rainstorms in large parts of Europe, we continue to pursue our sustainable growth strategy with a special focus on innovation, sustainability and digitalization. With its innovative building material solutions for new build and renovation, Wienerberger is making important contributions to the enhancement of energy efficiency and water management. With its smart infrastructure solutions, Wienerberger is actively contributing to environmental protection, including helping to prevent flash floods in both urban and rural regions.”
Moreover, as the effects of climate change are becoming more noticeable, solid construction methods and energy efficiency are becoming increasingly important. Bricks are the ideal building materials for such criteria due to their ability to regulate the indoor climate. Brick walls keep homes warm in winter and cool in summer and are therefore sustainable and resource efficient.
Heimo Scheuch notes in conclusion: “Our record 2021 mid-year results are attributable, not least, to our successful strategic orientation. In line with past practice, the Wienerberger Group will continue to focus on growth in its core markets and segments. The most recent acquisition of FloPlast in the UK and Cork Plastics in Ireland strengthens our position in water management and renovation. Based on our combined product portfolios, we are able to provide smart and durable solutions in both fields of business.”
Performance of the Wienerberger Business Units
Solid demand in new residential construction in Western Europe enabled Wienerberger Building Solutions to offset more moderate growth in Eastern Europe. Additionally, the Business Unit took advantage of intensive renovation activities in all of its key markets. Overall, Wienerberger Building Solutions delivered a stable performance, with revenues up by 10% to EUR 1,115.4 million (H1 2020: EUR 1,014.4 million). EBITDA LFL of EUR 219.2 million significantly exceeded the prior year period’s level of EUR 184.4 million.
The second-quarter performance of Wienerberger Piping Solutions was marked by exceptionally high sales volumes in all markets. Thanks to excellent supply chain management and successful procurement initiatives, the Business Unit was able to meet high demand from both infrastructure projects and the in-house segment at all times strengthening its market position as a reliable partner, despite challenging raw material prices and availability. Wienerberger Piping Solutions reported a 21% revenue increase to EUR 569.7 million (H1 2020: EUR 470.3 million). EBITDA LFL improved by 13% to EUR 60.0 million (H1 2020: EUR 53 million).
The North America Business Unit continued to deliver strong growth, supported by a positive market environment in new build and very high demand in the infrastructure segment. Revenues grew by 16% to EUR 180.2 million (H1 2020: EUR 155 million), while EBITDA LFL matched its first-quarter level with another historic record at EUR 29.2 million (H1 2020: EUR 16.8 million). Moreover, Wienerberger continues to make good progress with the relevant authorities to gain the required clearances for its acquisition of Meridian Brick, and therefore expects the transaction to close in the third quarter of 2021.
Outlook for 2021
“Based on our strong performance in the first half of 2021, we anticipate a positive second half of the year and therefore confirm the upward revision of our guidance for EBITDA LFL to EUR 620 to EUR640 million for 2021, up from EUR 600 to EUR620 million”, explains CEO Heimo Scheuch. The high sales volumes of the first half of the year, especially in the infrastructure and renovation markets, are expected to moderate to a certain extent in the second half. Overall, Wienerberger foresees a continuation of the mostly positive development of its three Business Units. “Additionally, value creation from our announced acquisitions and the success of our ongoing transformation into a full-range provider of smart system solutions, especially in energy and water management, will continue to drive earnings growth in the second half of the year”, concludes Heimo Scheuch.
For the complete report on the first half of 2021, please refer to https:// www.wienerberger.com/en/investors/latest-results.html [https:// www.wienerberger.com/en/investors/latest-results.html]
end of announcement euro adhoc
issuer: Wienerberger AG
phone: +43 1 60 192-0
FAX: +43 1 60 192-10159
ISIN: AT0000831706, AT0000A2GLA0
Digital press kit: http://www.ots.at/pressemappe/594/aom
Rückfragen & Kontakt:
Claudia Hajdinyak, Head of Corporate Communications Wienerberger AG
t +43 664 828 31 83 | email@example.com
Elisabeth Falkner, Head of Investor Relations Wienerberger AG
t +43 1 601 92 – 10221 | firstname.lastname@example.org
OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER
INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at
(C) Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender.