Investor Relations

Wienerberger Results on the First Three Quarters of 2020

Investor Relations

Wienerberger AG

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Wienerberger reports strong performance in the first 9 months 2020

 

Highlights

  • Strong results thanks to a resilient business model and further catch-up effects in the summer months
  • Wienerberger benefits from operational excellence, innovative solutions and a continuous focus on sustainability
  • External revenues of € 2,543.3 million (-4%) and EBITDA LFL of € 431.7 million (-7%) fall just short of the previous year’s record level
  • High liquidity and a robust balance sheet as a solid basis for future growth

 

Outlook for 2020

  • Due to renewed uncertainty in the markets, performance is expected to slow in the 4th quarter
  • Based on the company’s previous strong results, Wienerberger expects to reach the upper range of its EBITDA LFL guidance of € 480-500 million

Key Figures

Earnings Data

Earnings Data   1-9/2020 1-9/2019 Chg. in % Year-end 2019

Revenues

in MEUR

2,546.8

2,655.9

-4

3,466.3

EBITDA LFL 1)

in MEUR

431.7

462.6

-7

-

EBITDA

in MEUR

433.2

466.4

-7

610.0

Operating EBIT

in MEUR

245.3

292.0

-16

362.7

Impairment charges to assets

in MEUR

-22.5

0.0

<-100

0.0

Impairment charges to goodwill

in MEUR

-91.6

0.0

<-100

0.0

EBIT

in MEUR

131.2

292.0

-55

362.7

Profit before tax

in MEUR

99.3

264.5

-62

315.3

Net result

in MEUR

43.3

205.7

-79

249.1

Earnings per share

in EUR

0.38

1.80

-79

2.18

Free cash flow 2)

in MEUR

138.2

86.2

+60

286.0

Maintenance capex

in MEUR

67.4

93.4

-28

140.1

Special capex

in MEUR

32.2

39.4

-18

115.4

Ø Employees

in FTE

16,511

17,151

-4

17,234

Balance Sheet Data

Balance Sheet Data   30/9/2020 31/12/2019 Chg. in %
Equity 3) in MEUR

1,926.4

2,076.8

-7

Net debt in MEUR

688.8

871.4

-21

Capital employed in MEUR

2,577.5

2,912.2

-11

Total assets in MEUR

4,412.5

4,132.6

+7

Gearing in %

35.8

42.0

-

Stock Exchange Data

Stock Exchange Data   1-9/2020 1-12/2019 Chg. in %
Share price high in EUR

28.26

26.82

+5

Share price low in EUR

11.59

18.10

-36

Share price at end of period in EUR

22.54

26.42

-15

Shares outstanding (weighted) 4) in 1,000

112,819

114,320

-1

Market capitalization at end of period in MEUR

2,596.3

3,074.0

-16

Business Units

Business Units 1-9/2020
in MEUR and % 5)
Wienerberger    
Building Solutions
Wienerberger  
Piping Solutions
North    
                  America 
 Group       
eliminations
         Wienerberger 
 Group         

External revenues

1,581.7 (-4 %)

718.8 (-4 %)

242.8 (-6%)

 

2,543.3 (-4 %)

Inter-company revenues

3.5 (>100 %)

0.2 (>100 %)

0.0 (-100 %)

-0.1

3.5 (>100 %)

Revenues

1,585.2 (-4 %)

719.0 (-4 %)

242.8 (-6 %)

-0.1

2,546.8 (-4 %)

EBITDA LFL 1)

312.4 (-11 %)

86.3 (+6%)

33.0 (+3 %)

 

431.7 (-7 %)

EBITDA

315.4 (-11 %)

83.8 (+7 %)

33.9 (-5 %)

 

433.2 (-7 %)

Operating EBIT

189.9 (-21 %)

43.1 (+7 %)

12.3 (-2 %)

 

245.3 (-16 %)

Capital employed

1,730.3 (-8 %)

556.7 (-2 %)

290.6 (-34 %)

 

2,577.5 (-11 %)

Total capex

69.0 (-26 %)

24.3 (-13 %)

6.3 (-45 %)

 

99.5 (-25 %)

Ø Employees (in FTE)

11,864 (-4 %)

3,311 (0%)

1,336 (-9 %)

 

16,511 (-4 %)

Operating Segments

Wienerberger Building Solutions

Wienerberger Building Solutions   1-9/2020       1-9/2019      Chg. in %

External revenues

in MEUR

1,581.7

1,651.4

-4

EBITDA LFL 1)

in MEUR

312.4

349.5

-11

EBITDA

in MEUR

315.4

352.5

-11

Operating EBIT

in MEUR

189.9

239.3

-21

Capital employed

in MEUR

1,730.3

1,889.1

-8

Total investments

in MEUR

69.0

93.6

-26

Ø Employees

in FTE

11,864

12,360

-4

Wienerberger Piping Solutions

Wienerberger Piping Solutions                                            1-9/2020    1-9/2019              Chg. in %

External revenues

                       in MEUR

718.8

746.5

-4

EBITDA LFL 

in MEUR

86.3

81.1

+6

EBITDA

in MEUR

83.8

78.3

+7

Operating EBIT

in MEUR

43.1

40.2

+7

Capital employed

in MEUR

556.7

566.5

-2

Total investments

in MEUR

24.3

27.8

-13

Ø Employees

in FTE

3,311

3,324

0

North America

North America                                      1-9/2020       1-9/2019    Chg. in %

External revenues

in MEUR

242.8

257.6

-6

EBITDA LFL 1)

in MEUR

33.0

32.0

+3

EBITDA

in MEUR

33.9

35.6

-5

Operating EBIT

in MEUR

12.3

12.6

-2

Capital employed

in MEUR

290.6

439.0

-34

Total investments

in MEUR

6.3

11.4

-45

Ø Employees

in FTE

1,336

1,467

-9

Group Accounts

For further information our our Group Accounts, which contain the Consolidated Income Statement, Balance Sheet, Statement of Cash Flows as well as the Operating Segements, please refer to page 14 to 17 of our Report on the First Three Quarters of 2020.

Our reports are produced in-house using firesys

Explanatory notes to the data: Rounding differences may arise from the automatic processing of data