Vienna (pta007/21.01.2019/07:30) - Strong operational performance thanks to consistent implementation of growth strategy
- Adjusted EBITDA at upper end of the Eur 460 to 470 million guidance
- Fast Forward 2020 optimization program on track
- Prospect of approx. 70% increase of dividend per share to Eur 0.50
The Wienerberger Group closed the business year 2018 on very successful results. This strong operating performance is based on organic growth, the contribution to earnings generated through optimization measures, and the successful integration of acquisitions. It testifies to the consistent implementation of the ambitious strategy aimed at value-creating growth.
Commenting on this development, CEO Heimo Scheuch notes: "2018 was a year of strong growth for the Wienerberger Group. Record revenues, as well as operating results and the dividend at their highest levels since 2008, speak a clear language: Wienerberger is on a path of sustainable growth. Besides our strong organic development, we also set strategic milestones in 2018: We acquired companies that ideally complement our market position, and with Fast Forward 2020 we launched an ambitious optimization program, which fully met its targets set for the first year. Thus, we are creating sustainable value for our shareholders. Given this strong performance, we intend to increase the dividend per share by 70% to Eur 0.50."
With revenues of approx. Eur 3.3 billion at Group level, Wienerberger set a new record in the 200-year history of the company. Adjusted EBITDA will be at the upper end of the Eur 460 to 470 million guidance. As expected, the measures taken within the framework of the Fast Forward 2020 optimization program contributed approx. Eur 20 million to earnings. Given the strong performance of the Wienerberger Group in 2018 and the ambitious growth targets for 2019, the Managing Board intends to propose an increase of the dividend per share by 70% to Eur 0.50.
The key financials indicated in this press release are based on preliminary, unaudited results. The results of the business year 2018 and the outlook for 2019 will be published on February 27, 2019 at 7:30 a.m.
Wienerberger is the world's largest producer of bricks (Porotherm, Terca) and the market leader in clay roof tiles (Koramic, Tondach) in Europe as well as concrete pavers (Semmelrock) in Central and Eastern Europe. In pipe systems (Steinzeug-Keramo ceramic pipes and Pipelife plastic pipes), the company is one of the leading suppliers in Europe. With its total of 195 production sites, the Wienerberger Group generated revenues of Eur 3,120 million and EBITDA of Eur 415 million in 2017.
For further information please contact
Karin Steinbichler, Head of Corporate Communications Wienerberger AG
t +43 1 601 92 - 10149 | email@example.com
Klaus Ofner, Head of Investor Relations Wienerberger AG
t +43 1 601 92 - 10221 | firstname.lastname@example.org
Wienerberger AG is a pure free float company, whereby the majority of shares are held by Austrian and international institutional investors. Additional information on the shareholder structure is provided under https://wienerberger.com/en/investors/share.