Wienerberger : Still a tricky year in 2024 but the worst seems to be over
>Q2 EBITDA in line with forecasts and decline in full-year guidance - Wienerberger reported Q2 2024 sales up at € 1,292m (volumes -2%, scope +14%, prices -3%) and underlying EBITDA of € 285m, up 16% in line with our forecasts. The upturn in EBITDA is driven by the integration of Terreal and self-help (€ 12M in Q2) and strong cost management (€ 15m), helping to offset the decline in volumes (-€ 7m) and a negative price-cost ratio (-€ 24m). The margin improved by +72bp...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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