EQS-News: Wienerberger AG: Wienerberger decides to sell its operations in Russia

EQS-News: Wienerberger AG / Key word(s): Strategic Company Decision
Wienerberger AG: Wienerberger decides to sell its operations in Russia

15.06.2022 / 13:00
The issuer is solely responsible for the content of this announcement.

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Wienerberger decides to sell its operations in Russia

• As a consequence of the Russia-Ukraine conflict, Wienerberger is
withdrawing from the Russian market
• Management buy-out ensures continuity for local employees and
customers

Vienna, June 15, 2022 – As a company aware of its responsibility, the
Wienerberger Group decided to sell its Russian operations on account of
the Russia-Ukraine conflict. In recent weeks, Wienerberger has been
working intensively on a sustainable solution in order to preserve the
employees’ jobs and guarantee safety and stability for their families on
site.  It was therefore agreed that the local management will take over
the Russian business through a management buy-out. The parties decided not
to disclose the purchase price.

“We are deeply concerned over the effects of the conflict and want to make
our contribution as a responsible company, taking a firm stance for
freedom and peace. In line with our company’s actively pursued policy of
sustainability and the commitment vis-à-vis our employees on site, we are
convinced that the takeover of our activities by the local management is
the best possible solution to ensure continuity for all”, says Heimo
Scheuch, Chairman of the Managing Board of Wienerberger. 

Wienerberger has been active in Russia since 2005. With a volume of
approximately € 40 million per year, the clay block business in Russia
accounts for less than 1% of the Group’s total revenues.

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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15.06.2022 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: 1375927

 
End of News EQS News Service

1375927  15.06.2022 

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