Wienerberger Results on the First Quarter 2021
Wienerberger's strong Q1 2021 performance exceeds expectations
Highlights
- Wienerberger reports strong profit increase in first quarter – operating profit above previous year's level
- Strong growth in infrastructure and renovation segments
- Q1 Group revenues of € 796.5 million almost at record level
Outlook 2021
- In the short-term, the market environment remains somewhat uncertain given the ongoing impact of Covid-19, but Wienerberger expects to see a swift recovery in new build, with particular growth in premium products, and further strengthening of demand in the infrastructure and renovation markets
- Wienerberger reaffirms its EBITDA LFL guidance for 2021 of € 600 – 620 million
Key Figures
Earnings Data
| Earnings Data | 1-3/2021 | 1-3/2020 | Chg. in % | 1-12/2020 | |
|---|---|---|---|---|---|
Revenues |
in MEUR | 796.5 |
793.3 |
0 |
3,354.6 |
EBITDA LFL 1) |
in MEUR | 107.2 |
107.7 |
0 |
559.6 |
EBITDA |
in MEUR | 106.4 |
106.1 |
0 |
558.0 |
Operating EBIT |
in MEUR | 48.8 |
40.5 |
+20 |
305.1 |
Impairment charges to assets |
in MEUR | 0.0 |
-22.5 |
>100 |
-22.3 |
Impairment charges to goodwill |
in MEUR | 0.0 |
-93.6 |
>100 |
-90.4 |
EBIT |
in MEUR | 48.8 |
-75.5 |
>100 |
192.5 |
Profit before tax |
in MEUR | 39.7 |
-84.2 |
>100 |
148.7 |
Net result |
in MEUR | 27.3 |
-106.3 |
>100 |
88.5 |
| Earnings per share | in EUR | 0.24 |
-0.94 |
>100 |
0.79 |
Free cash flow 2) |
in MEUR | -138.2 |
-162.2 |
+15 |
397.3 |
Maintenance capex |
in MEUR | 21.6 |
22.9 |
-6 |
125.9 |
Special capex |
in MEUR | 12.2 |
11.5 |
+6 |
75.2 |
Ø Employees |
in FTE | 17,039 |
17,192 |
-1 |
16,619 |
Balance Sheet Data
| Balance Sheet Data | 31/3/2021 | 31/12/2020 | Chg. in % | |
|---|---|---|---|---|
| Equity 3) | in MEUR | 1,802.6 |
1,749.0 |
+3 |
| Net debt | in MEUR | 1,047.6 |
882.1 |
+19 |
| Capital employed | in MEUR | 2,816.3 |
2,594.1 |
+9 |
| Total assets | in MEUR | 4,234.9 |
4,327.0 |
-2 |
| Gearing | in % | 58.1 |
50.4 |
- |
Stock Exchange Data
| Stock Exchange Data | 1-3/2021 | 1-12/2020 | Chg. in % | |
|---|---|---|---|---|
Share price high |
in EUR | 31.20 |
28.26 |
+10 |
Share price low |
in EUR | 26.16 |
11.59 |
>100 |
Share price at end of period |
in EUR | 31.20 |
26.08 |
+20 |
Shares outstanding (weighted) 4) |
in 1,000 | 112,266 |
112,680 |
0 |
Market capitalization at end of period |
in MEUR | 3,593.9 |
3,004.1 |
+20 |
Business Units
| OperatingSegments 1-3/2021 in MEUR and % 5) |
Wienerberger Building Solutions |
Wienerberger Piping Solutions |
North America |
Group eliminations |
Wienerberger Group |
|---|---|---|---|---|---|
External revenues |
478.5 (-4%) |
240.7 (+9%) |
76.5 (+7%) |
|
795.7 (0%) |
Inter-company revenues |
0.8 (0 %) |
0.1 (-19%) |
0.0 (0%) |
0,0 |
0.8 (+1%) |
Revenues |
479.3 (-4%) |
240.8 (+9%) |
76.5 (+7%) |
0,0 |
796.5 (0%) |
EBITDA LFL |
76.8 (-8%) |
21.2 (+13%) |
9.2 (+81%) |
|
107.2 (0%) |
EBITDA |
78.0 (-5%) |
21.2 (+14%) |
7.2 (+32%) |
|
106.4 (0%) |
Operating Segments
Wienerberger Building Solutions
| Wienerberger Building Solutions | 1-3/2021 | 1-3/2020 | Chg. in % | |
|---|---|---|---|---|
External revenues |
in MEUR | 478.5 |
500.4 |
-4 |
EBITDA LFL |
in MEUR | 76.8 |
83.9 |
-8 |
EBITDA |
in MEUR | 78.0 |
81.9 |
-5 |
EBITDA LFL Marge |
in % | 15.8% |
17.1% |
-1.2p |
Wienerberger Piping Solutions
| Wienerberger Piping Solutions | 1-3/2021 | 1-3/2020 | Chg. in % | |
|---|---|---|---|---|
External revenues |
in MEUR | 240.7 |
220.7 |
+9 |
EBITDA LFL |
in MEUR | 21.2 |
18.7 |
+13 |
EBITDA |
in MEUR | 21.2 |
18.7 |
+14 |
EBITDA LFL Marge |
in % | 8.6% |
8.5% |
+0.2p |
North America
| North America | 1-3/2021 | 1-3/2020 | Chg. in % | |
|---|---|---|---|---|
External revenues |
in MEUR | 76.5 |
71.4 |
+7 |
EBITDA LFL |
in MEUR | 9.2 |
5.1 |
+81 |
EBITDA |
in MEUR | 7.2 |
5.5 |
+32 |
EBITDA LFL Marge |
in % | 11.1% |
7.2% |
+3.9p |
Further information can be found in the Update on the 1st Quarter (available as download).
Our reports are produced in-house using firesys
Explanatory notes to the data: Rounding differences may arise from the automatic processing of data