Wienerberger shows strong performance in 2018 and proposes significant dividend increase
Revenues at all-time high in the company’s 200-year history
- Strong operational performance thanks to consistent implementation of growth strategy
- Adjusted EBITDA at upper end of the € 460 to 470 million guidance
- Fast Forward 2020 optimization program on track
- Prospect of approx. 70% increase of dividend per share to € 0.50
The Wienerberger Group closed the business year 2018 on very successful results. This strong operating performance is based on organic growth, the contribution to earnings generated through optimization measures, and the successful integration of acquisitions. It testifies to the consistent implementation of the ambitious strategy aimed at value-creating growth. Commenting on this development, CEO Heimo Scheuch notes:
2018 was a year of strong growth for the Wienerberger Group. Record revenues, as well as operating results and the dividend at their highest levels since 2008, speak a clear language: Wienerberger is on a path of sustainable growth. Besides our strong organic development, we also set strategic milestones in 2018: We acquired companies that ideally complement our market position, and with Fast Forward 2020 we launched an ambitious optimization program, which fully met its targets set for the first year. Thus, we are creating sustainable value for our shareholders. Given this strong performance, we intend to increase the dividend per share by 70% to € 0.50.
With revenues of approx. € 3.3 billion at Group level, Wienerberger set a new record in the 200-year history of the company. Adjusted EBITDA will be at the upper end of the € 460 to 470 million guidance. As expected, the measures taken within the framework of the Fast Forward 2020 optimization program contributed approx. € 20 million to earnings. Given the strong performance of the Wienerberger Group in 2018 and the ambitious growth targets for 2019, the Managing Board intends to propose an increase of the dividend per share by 70% to € 0.50.
The key financials indicated in this press release are based on preliminary, unaudited results. The results of the business year 2018 and the outlook for 2019 will be published on February 27, 2019 at 7:30 a.m.