Strong start to the year 201907.05.2019
Wienerberger, a leading international supplier of building materials and infrastructure solutions, announces a strong start to the year, with significant year-on-year growth in revenues and EBITDA in the first quarter.
Heimo Scheuch, CEO of Wienerberger AG, commented: “This has been an excellent start to the financial year for Wienerberger. Our strong operating performance is the result of relentless focus on our value-creating growth strategy and has been supported by robust market conditions and favorable weather. We delivered against the objectives of our Fast Forward 2020 program, and we have seen particular benefits in Q1 from pricing initiatives undertaken in the course of 2018. On the back of these strong results, at this early stage in the year, we are reconfirming our full year EBITDA guidance with confidence and remain fully focused on executing our growth strategy to maximize value for our shareholders.”
Strong business performance, supported by robust market conditions, favorable weather and muted cost inflation.
› Revenue growth of 15% yoy underpinned by sound market conditions, favorable weather and execution of the strategy, including the Fast Forward 2020 program
› The robust market conditions were supported by an earlier start into the building season; Q1 2018 performance was adversely affected by cold weather
› In the first three months, pricing initiatives undertaken in the course of 2018 delivered benefits while the expected impact from cost inflation for 2019 was not yet fully reflected in the results
Full-year 2019 EBITDA guidance re-confirmed.
› At this early stage in the year, following the strong performance in Q1, the Group is confident in delivering EBITDA in line with its guidance of € 560 to 580 million (including a positive impact from IFRS 16 of approximately € 41 million)
Wienerberger’s full results for the first quarter of 2019 will be published on May 16, 2019 at 7:30 am.