Austria’s Wienerberger sees loss of €40.5mn in 2012

In 2012, the Austrian brick manufacturer Wienerberger saw its operating profit fall from €39.40 million to a loss of €40.5 million, compared to in 2011. This is attributed to the weak economy in Europe and high restructuring costs. CEO Heimo Scheuch has pointed to the one-off costs in 2012. However, its restructuring phase is running at full speed. In 2012, Wienerberger's turnover climbed by 23% to €2.36 billion and following the takeover of the Austrian plastic pipe manufacturer Pipelife, Wienerberger expe
March 1, 2013 Read time: 1 min

In 2012, the Austrian brick manufacturer 4633 Wienerberger saw its operating profit fall from €39.40 million to a loss of €40.5 million, compared to in 2011.

This is attributed to the weak economy in Europe and high restructuring costs.

CEO Heimo Scheuch has pointed to the one-off costs in 2012. However, its restructuring phase is running at full speed.

In 2012, Wienerberger's turnover climbed by 23% to €2.36 billion and following the takeover of the Austrian plastic pipe manufacturer Pipelife, Wienerberger expects the expansion of the corresponding range and the upward trend in the US to positively affect results.

For 2013, Wienerberger aims to be making a profit once more.

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