Report
Chaima Ferrandon ...
  • Sven Edelfelt

Wienerberger AG : Very resilient in 2022 but 2023 will be another story

>Earnings beat estimates thanks to price effects - Wienerberger reported Q4 2022 sales up 5% at € 1,128m (above the consensus of € 1,084m) and EBITDA at +3.6% at € 191m (vs consensus at € 151m). The margin saw a deterioration of -24bp in Q4, after +265bp in Q3, +415bp in Q2 and +630bp in Q1. The operating performance is under pressure due to the decline in volumes (-12%, see paragraph 2) and despite strong pricing (+17% in Q4).For 2022, EBITDA came to € 1,026m, ...
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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