Wienerberger AG recently released financial results for the first three quarters of 2011. The company reported revenues of €1555 million (~ $2109 million) for the first nine months of 2011, a 16% increase vs. the same period last year. After the consideration of non-recurring income, interest and taxes, Wienerberger recorded net profit of €65 million (~ $88 million) for the reporting period, compared with a loss of €14 million (~ $18 million) in the first nine months of 2010.

“These results prove that we are on the right course in these uncertain times,” said Heimo Scheuch, CEO. “The key factors for this success were our steady focus on cost management, as well as a concentration on marketing and sales with innovative and energy-efficient products. In spite of weakening demand on a number of markets, we significantly increased volumes in the premium segment.

“Even though momentum has started to slow in a number of markets, the overall trend remains positive. In Belgium and Switzerland, for example, the demand for bricks declined somewhat after a strong first six months, but we will still generate the expected moderate growth in both markets for the full year. Similar developments are also visible in other countries. Additionally, our strategy to increase sales of premium products was very successful this year, and we were able to outperform the markets in a number of key regions.”

For more information, visit www.wienerberger.com.