Wienerberger Sees Record Results in 2019 First Quarter
In the first quarter of 2019, Wienerberger increased its revenues at the group level by 15% to €776.8 million (~ $870.2 million), compared to €675.1 million (~ $756.3 million) in the first quarter of 2018.
The Wienerberger Group recently announced that it started 2019 with the strongest opening quarter in the company’s 200-year history. In the first quarter of 2019, Wienerberger increased its revenues at the group level by 15% to €776.8 million (approximately $870.2 million), compared to €675.1 million (~ $756.3 million) in the first quarter of 2018. Wienerberger reports that it took advantage of strong demand and favorable weather conditions that permitted an early start of the construction season. The company also benefited from the effect of price adjustments that were implemented in the 2018.
In its operating segments, Wienerberger benefited from the repositioning of its business units, effective as of the beginning of 2019, which are now structured as Wienerberger Building Solutions, Wienerberger Piping Solutions, and North America. On this basis, Wienerberger reports that it is able to tap its full potential and make better use of market opportunities. Each of the three business units recorded revenue growth in the first three months of the year.
Wienerberger Building Solutions reported an 18% increase in revenues to €476.6 million (~ $533.9 million). Wienerberger Piping Solutions, taking advantage of the market momentum seen in the first three months and a significantly improved cost position, generated growth in revenues of 9% to € 224 million (~ $250.9 million). The North America business unit achieved a 16% revenue increase to €75.9 million (~ $85 million).
“Wienerberger had an excellent start into the current business year,” said Heimo Scheuch, CEO. “We took full advantage of market opportunities and consistently implemented our value-creating growth strategy. Combined with a highly positive contribution from our Fast Forward 2020 program, this enabled us to set new records in revenues and earnings.”
Additional details are available at https://wienerberger.com.