Wienerberger achieves turnaround in second quarter of 2010
Wienerberger AG re-
corded a year-on-year increase of 2% in revenues to € 546.1 million and 20% in EBITDA to € 100.9 million for the second quarter in spite of the still difficult economic environment. This positive development was supported above all by the restructuring measures implemented in 2009 and the related cost savings. However, six-month earnings were influenced by a negative first quarter. Revenues for January to June 2010 totaled € 825.6 million (–8%) and EBITDA reached € 78.3 million (–22%).
corded a year-on-year increase of 2% in revenues to € 546.1 million and 20% in EBITDA to € 100.9 million for the second quarter in spite of the still difficult economic environment. This positive development was supported above all by the restructuring measures implemented in 2009 and the related cost savings. However, six-month earnings were influenced by a negative first quarter. Revenues for January to June 2010 totaled € 825.6 million (–8%) and EBITDA reached € 78.3 million (–22%).
Central-East Europe: earnings improvement in spite lower revenues
The second quarter...
