Wienerberger 2008 results affected by difficult economic environment
The financial crisis and the negative development of the world economy adversely affected the 2008 full year results of Wienerberger AG. Although the company was not able to match its record performance of 2007, the year under review nevertheless was the third most successful one in terms of operating EBITDA in the history of Wienerberger.
2008 marked a clear turning point, with the development of the construction industry slowing down significantly under the impact of the financial crisis and its spread to the real economy. Wienerberger felt the impact of a steep decline in demand for...
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