Wienerberger AG : H1 penalised by the sharp decline in the housing market
>EBITDA 5% below forecasts - Wienerberger reported Q2 2023 sales of € 1,150m and EBITDA of € 245m. Q2 EBITDA came in below forecasts (€ 259m for the Visible Alpha consensus). The group was penalised by the slowdown in demand in new build, particularly in Europe. The margin deteriorated -122bp in Q2 after -27bp in Q1 and +127bp in Q4. The “self help” measures contributed € 22m in Q1 (the group is still targeting € 45m for the full year) and cost management € 29m (cost...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.
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.
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