EQS-News: H1 2025 – Trading Update

EQS-News: Wienerberger AG / Key word(s): Miscellaneous
H1 2025 – Trading Update

23.07.2025 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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H1 2025 – Trading Update

• wienerberger proves resilient in challenging markets, increases
revenues and reaffirms 2025 guidance

Vienna, July 23, 2025 – The strong performance seen in Q1 2025 – driven by
innovation, efficiency measures and a highly resilient business model –
continued in Q2 2025. Macroeconomic conditions are challenging as
construction demand in some core end markets did not recover as
anticipated. However, wienerberger adapted through several decisive
cost-management measures and achieved solid results in the first half of
2025, increasing sale volumes in key sectors. Through strategic
investments and acquisitions in several regions, the company continues to
build on its platforms for future growth.

In Western Europe, wienerberger delivered a solid performance in a region
showing early signs of recovery. In France, the company further
strengthened its roofing and facade business and leveraged its leading
solar solutions business, GSEi, which was fully acquired through a buy-out
of minority shareholders in early July 2025. While domestic solar demand
remained soft, export activity to the UK has been strong, and GSEi is
expected to contribute to earnings growth in 2025 and beyond. In the
Netherlands, we achieved robust performance in renovation-driven segments
and higher margins in roofing and pavers. The integration of Grain
Plastics supported the pipe segment, while in Belgium, encouraging trends
emerged in roof tiles amid fiscal incentives and supportive weather
conditions. Across all Western markets, wienerberger remained focused on
efficiency, pricing discipline, and enhancing market positions with a
long-term view.

In a persistently weak German construction environment, wienerberger
maintained resilience during the first half of 2025. While roofing volumes
declined slightly due to intense competition in certain local regions of
the German market, an improved product mix supported a modest price
increase. In contrast, wall and paving segments showed some volume growth,
driven by targeted market repositioning and share gains on the back of
pricing initiatives. In the face of continued market weakness and
unsatisfactory performance, wienerberger remains actively focused on
strengthening operational efficiency and long-term positioning in its key
segments.

In the UK and Ireland, wienerberger delivered a solid performance in a
challenging market environment during the first half of 2025. In the UK, a
recovering new build sector contributed to a 12% increase in brick sales
volume over the corresponding period in 2024, growing wienerberger’s
market share. Roof tile volumes remained subdued due to continued weakness
in renovation activity. However, manufacturing constraints for roof tiles
will no longer apply in the second half of 2025 as the ramp-up of the new
Smeed Dean plant progresses, having successfully addressed initial delays
in project delivery. wienerberger’s Piping Solutions business performed
broadly in line with expectations, despite market headwinds in the
renovation segment, with share gains in the merchant sector partially
offsetting a lack of market tailwinds. Both markets offer further growth
potential for the second half of the year.

In Eastern Europe, construction markets have lost some of the momentum
seen in 2024. To maintain Group margins, wienerberger responded early with
targeted pricing and efficiency initiatives. Despite ongoing macroeconomic
challenges, the company expanded its market positions across key product
segments and recorded encouraging developments in several countries –
including a significant market share gain in the Hungarian wall segment.
At the same time, wienerberger continues to align its portfolio with
long-term trends such as ecological system solutions and renovation. With
inflation expected to ease, market sentiment improving and interest rates
decreasing, the company anticipates a gradual recovery across the region
in the second half of 2025.

In North America, wienerberger was impacted by a significantly
weaker-than-expected macroeconomic environment in the first half of 2025,
alongside heightened market volatility: Housing starts declined by 6%
mortgage interest rates remained elevated at 6.7% and residential
construction activity stagnated. As a result, brick volumes declined by 7%
in the US and 12% in Canada. The piping business-maintained volume growth
(+4%) and gained market share, but industry-wide price pressure weighed on
overall performance.

In this challenging market environment North America remains
well-positioned for future organic growth and continues to capitalize on
enhancing operational efficiencies, strict cost and price discipline as
well as successful integration efforts.

wienerberger H1 2025

Heimo Scheuch, CEO of wienerberger: “Our performance in the first half of
2025 clearly demonstrates wienerberger’s strength and adaptability. Sales
revenues came in at €2.3 billion in H1 2025 versus €2.2 billion in
H1 2024. We responded swiftly and decisively to deteriorating conditions
in key markets, while continuing to invest in growth and innovation. Given
the ongoing global challenges—primarily the slower-than-expected
normalization of interest rates—a full market recovery in the second half
is unlikely. To stay on track, we will consistently implement efficiency
measures across all regions. Based on our solid first-half results, we
remain confident in meeting our targets and reaffirm our full-year 2025
guidance.”

Overall, we expect Group-wide operating EBITDA of just over €380 million
in the first half of the year compared to € 400 million in the same period
of the previous year. In the face of macroeconomic challenges,
wienerberger achieved these solid results through decisive efficiency
measures as well as targeted strategic acquisitions in growth segments
across our business.

In particular, the integration of Terreal ahead of schedule – which
significantly enhanced the Group’s offerings of integrated roof and solar
solutions – continues to contribute positively to results and enables
further growth in the renovation market. wienerberger remains highly
committed to this value-creating growth strategy, creating new
opportunities and meeting increasing demand in recovering sectors.

Outlook 2025

Due to the decisive efficiency measures implemented in the first half of
2025 as well as further positive contributions made by strategic
acquisitions, wienerberger expects EBITDA to be above first half year
level in the second half of 2025. With an ongoing emphasis on innovation,
solutions, and operational efficiency, the company remains confident in
meeting its targets and reaffirms its full-year 2025 guidance.

wienerberger will publish the final results of the first half of the year
2025 on Wednesday, August 13, 2025.

wienerberger
wienerberger is a leading international provider of innovative, ecological
solutions for the entire building envelope, in the fields of new build and
renovation, as well as infrastructure in water and energy management. With
more than 20,000 employees worldwide, wienerberger’s solutions enable
energy-efficient, healthy, climate-friendly, and affordable living.
wienerberger is the world’s largest producer of bricks and the market
leader in clay roof tiles in Europe as well as concrete pavers in Eastern
Europe. In pipe systems (ceramic and plastic pipes), the company is one of
the leading suppliers in Europe and a leading supplier of facade products
in North America. At the beginning of 2024, wienerberger successfully
completed the acquisition of Terreal, becoming the leading European
provider of innovative all-in roofing and solar solutions, as well as
solutions for the entire building envelope in Europe and North America.
With its more than 200 production sites, wienerberger generated revenues
of approx. € 4.5 billion and an operating EBITDA of € 760 million in 2024.
 
For further information, please contact:
Claudia Hajdinyak, Head of Corporate Communications Wienerberger AG
t +43 664 828 31 83 | claudia.hajdinyak@wienerberger.com
 
Therese Jandér, Senior Vice President Investor Relations Wienerberger AG
t +43 664 780 02757 | investor@wienerberger.com                           
                                                                         
                                                      

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23.07.2025 CET/CEST This Corporate News was distributed by EQS Group.
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: investor@wienerberger.com
Internet: www.wienerberger.com
ISIN: AT0000831706
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2173194

 
End of News EQS News Service

2173194  23.07.2025 CET/CEST

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