Ceramic Industry News

Wienerberger First Half Revenues Increase 19%

August 29, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

Wienerberger AG recently announced financial results for the first half of 2011. The company recorded an increase of 19% in revenues to €986 million (~ $1.4 billion) and 58% in operating EBITDA to €123 million (~ $177 million) for the first six months of 2011. These results returned the brick producer to the profit zone in a market that remained very difficult in certain regions.

The earnings growth was reportedly driven by volume increases and an improvement in capacity utilization, as well as cost reduction measures realized in earlier periods. The company also implemented price adjustments to cover cost inflation, which led to a reversal in the average price trend; after a 5% price drop in 2010 compared to 2009, average prices were only slightly lower in the first quarter of 2011 than in the comparable period of 2010, and increased to +1% during the reporting period.

“These results prove that we are on the right track,” said Heimo Scheuch, CEO. “Our key success factors include a clear focus on marketing and sales with innovative and energy-efficient products, smaller value creating acquisitions to strengthen our market positions, earlier cost-cutting measures, and strict cost management.”

For more information, visit www.wienerberger.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

May 2014 Issue Highlights

Our May 2014 issue is now available!

Podcasts

Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

Ceramic Industry Magazine

CI August 2014 cover

2014 August

Explore technical ceramics, glasses and refractories in our August issue!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px