Report
Chaima Ferrandon ...
  • Sven Edelfelt

Wienerberger AG : 2022 is a fine year, but 2023 will be another matter

>A decent set of Q3 2022 results - Wienerberger reported Q3 2022 sales of € 1,276m and EBITDA of € 287m. Q3 EBITDA came in 14% above expectations and in line with our estimates. The group reported robust demand across all divisions. The self-help contribution stood at € 11m in Q3 after € 14m in Q2 and € 13m in Q1 (the group is still targeting € 45m over the full year, or € 10m in Q4). Margins improved by a further 265bp in Q3 after 415bp in Q2 and 630bp in Q1.FCF...
Underlying
Wienerberger AG

Wienerberger is a building materials group. Co.'s segments include: Clay Building Materials Eastern Europe, Clay Building Materials Western Europe, Pipes & Pavers Eastern Europe, Pipes & Pavers Western Europe, North America and Holding & Others. The Clay Building Materials Europe division covers activities in the areas of clay blocks, facing bricks and roof tiles. The Pipes & Pavers Europe division includes Co.'s business activities with plastic pipes, ceramic pipes and concrete pavers. The North America division covers activities in the areas of facing bricks, plastic pipes and concrete products. The Holding & Others division covers activities in the areas of clay blocks.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Chaima Ferrandon

Sven Edelfelt

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