Wienerberger Revenue Drops 3%
Wienerberger AG recently announced results for the first quarter of 2012. Group revenues fell by 3% to €382.4 million (~ $493.7 million), compared to €395.1 million (~ $510.1 million) in 2011. Lower volumes were reportedly responsible for an 8% decline that was partly offset by a 5% year-on-year increase in average prices.
“Against the backdrop of the severe weather in February and the resulting sharp drop in construction activity, the first quarter demand for building materials was in line with our expectations,” said Heimo Scheuch, CEO. “Longer plant standstills and higher energy costs due to the unusual frost led to a decline in operating EBITDA, which fell from €11.8 million (~ $15.2 million) in 2011 to €2.1 million (~ $2.7 million) for the reporting period. Operating EBIT amounted to negative €47.8 million (~ negative $61.7 million) for the first three months of 2012, compared with negative €36.3 million (~ negative $46.8 million) in the previous year. However, I would like to add that results for the first quarter have only a very limited influence on the entire year. I am very pleased that we were able to continue the positive price trend from the past year. This confirms the success of our market-oriented strategy with a clear focus on premium, innovative products for energy-efficient and sustainable construction.”
For additional information, visit www.wienerberger.com.