EQS-News: Wienerberger AG: Q1 2022 – Trading Statement

EQS-News: Wienerberger AG / Key word(s): Quarterly / Interim Statement

12.04.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

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Q1 2022 – Trading Statement

Vienna, April 12, 2022 – In the first three months of 2022, Wienerberger
achieved a very strong increase in revenues and earnings. Such
developments were supported by sustained high demand across all our
markets, the successful implementation of our pro-active pricing policy
and our continuous efforts regarding performance enhancement measures.
Wienerberger’s forward buying policy with respect to energy and the
continuous availability of raw materials contributed positively to this
strong performance. All this continues to underpin our 2022 EBITDA
guidance of € 750 – 770 million.

We recorded highly satisfactory growth of revenues and earnings in all our
business units, especially in North America. For the Wienerberger Building
Solutions Business Unit, the Ukraine conflict and the resultant growing
instability meant that some customers purchased products earlier than
originally planned. We remain optimistic regarding the further development
of volumes and prices in the second quarter of 2022. The Wienerberger
Piping Solutions Business Unit recorded significantly increased input
costs, but at the same time the tension along the supply chain eased and
the availability of plastic granulates was secured. Thanks to our
proactive pricing policy, we were able to generate a satisfactory margin
level also in this segment.

Overall, we expect an increase in revenues of 44% to approx. € 1,150
million (Q1 2021: € 797 million) and an increase in EBITDA reported of
112% to approx. € 225 million (Q1 2021: € 106 million) in the first
quarter of 2022.

For the second quarter of 2022, we expect to see a further increase in
demand for our solutions, which we meet with our operations running at
full capacity.

Energy prices in the spot market have increased substantially, and we do
not expect to see prices drop in the short term. We are making every
effort to offset rising cost inflation through price increases already
implemented. With respect to the energy supply, in particular natural gas,
we have secured 89% of the gas volume needed by the entire Wienerberger
Group in 2022.

Despite some speculation, the volume of gas delivered to Europe in the
first quarter of 2022 was higher than in the first quarter of the previous
year. At this point we have no reason to believe that there will not be
sufficient gas available in Europe for the second quarter of the year. We
have, however, elaborated contingency plans to be prepared for the
exceptional situation of limited availability of gas in Central and
Eastern Europe, which are being adapted at short notice to the change in
local circumstances.

At Wienerberger, we are currently operating in a strong market
environment. We are therefore intensifying the further expansion of our
activities, especially in the fields of renovation, and adding innovative
system solutions to our product portfolio. Moreover, we are continuing our
investment program aimed at the conversion of production facilities to
sustainable energy sources.

We recorded highly satisfactory results in the first quarter of 2022 and
already implemented proactive measures for the second quarter of 2022. The
current geopolitical instability with all its potential effects on the
global economy make an estimate for the second half of 2022 extremely
difficult. Therefore, we maintain our guidance for the full year 2022
within an EBITDA range of € 750 – 770 million.

Wienerberger will publish the final results of the first quarter of 2022
on May 12, 2022.

Wienerberger Group
The Wienerberger Group is a leading international provider of smart
solutions for the entire building envelope and for infrastructure.
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 Eastern Europe. In pipe systems
(Steinzeug-Keramo ceramic pipes and Pipelife plastic pipes), the company
is one of the leading suppliers in Europe. By acquiring Meridian Brick,
Wienerberger further strengthened its position as a leading supplier of
facade products in North America. With its total of 215 production sites,
the Wienerberger Group generated revenues of € 4.0 billion and EBITDA LFL
of € 671 million in 2021.

For further information, please contact:
Claudia Hajdinyak, Head of Corporate Communications Wienerberger AG
t +43 664 828 31 83 | claudia.hajdinyak@wienerberger.com

Daniel Merl, Head of Investor Relations Wienerberger AG
t +43 1 601 92 – 10221 | investor@wienerberger.com

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12.04.2022 This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: Wienerberger AG
Wienerbergerplatz 1
1100 Wien
Austria
Phone: +43 1 60 192-0
Fax: +43 1 60 192-10159
E-mail: office@wienerberger.com
Internet: www.wienerberger.com
ISIN: AT0000831706
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1325595

 
End of News EQS News Service

1325595  12.04.2022 

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