To ensure that the objectives are met and to continue to supply all customers with the products and solutions to the best of the abilities, Wienerberger wishes to notify investors of the following proactive measures which the company firmly believes will support Wienerberger’s continued success:
– Wienerberger’s digital solutions are enabling the company to support interactions with the customers and partners and ensure uninterrupted deliveries of the products
– The strong balance sheet and liquidity position, combined with a cash flow performance in line with the business expectations so far in 2020, enable Wienerberger to operate from a position of strength
– A strong local presence enables Wienerberger to rapidly assess critical decision inputs on a real-time basis. Currently, Wienerberger is producing and delivering its products in all of its 30 countries in compliance with strict safety and hygiene rules. Throughout this period Wienerberger’s Board and Management will continue to review the cost structures and investments to ensure that the strategy is fully aligned with changing market conditions
– Wienerberger is paying close attention to the situation in all its markets in order to implement the respective government-imposed measures throughout the Group. In addition, the Board and Management has established a Business Resilience Team who will provide ongoing advice and enable them to react quickly and sustainably. Where needed, swift and forward-looking adjustments to the production will be implemented on a market-by-market basis as necessary
Wienerberger is confident that the Group has the right skills and infrastructure to cope with this major economic challenge. The company is committed to taking the right measures and have the flexibility to do so thanks to the strong financial position. Wienerberger will continue to work in close cooperation with all stakeholders to protect the business, employees and customers.