Wienerberger reports best first-half results in its history
The Group posted record revenues of €1,867.5 million, up by approximately 14% from the previous year’s value
Wienerberger is emerging from the pandemic stronger than before and has closed the first half of 2021 with the best mid-year results in its history. In H1 2021, the Group achieved record revenues of €1,867.5 million, up by approximately 14% from the previous year’s value (€1,641.5 million). EBITDA also increased sharply to €308.4 million (+21%). Overall, the Group’s performance surpassed the record values of the first half of 2019 by a significant margin (revenues €1,736.4 million, EBITDA €295.7 million).
In the first half of 2021, Wienerberger also took major strides forward in implementing its ESG (Environmental, Social and Governance) targets, which it considers a crucial component of its future success.
“Given the most recent manifestations of climate change and torrential rainstorms in large parts of Europe, we continue to pursue our sustainable growth strategy with a special focus on innovation, sustainability and digitalisation,” commented CEO Heimo Scheuch. “With its smart infrastructure solutions, Wienerberger is actively contributing to environmental protection, including helping to prevent flash floods in both urban and rural regions.”
The outstanding first-half results concerned all three business units.
Solid demand for new residential construction in Western Europe enabled Wienerberger Building Solutions to offset more moderate growth in Eastern Europe. Additionally, the Business Unit took advantage of intensive renovation activities in all of its key markets. Overall, Wienerberger Building Solutions delivered a stable performance, with revenues up by 10% to €1,115.4 million (H1 2020: €1,014.4 million) and an EBITDA of €219.2 million compared to the prior year period’s level of €184.4 million.
Wienerberger Piping Solutions reported revenues of €569.7 million (up 21% on 2020) and 13% growth in EBITDA (€60.0 million), while the North America Business Unit posted 16% growth in revenues to €180.2 million.
Based on the excellent performance in the first half of 2021, Wienerberger has revised up its EBITDA projections for the second half of the year to €620-640 million.
In line with past practice, Wienerberger Group will continue to focus on growth in its core markets and segments as well as external growth, as demonstrated by the recent acquisitions of FloPlast in the UK and Cork Plastics in Ireland.