Austria’s Wienergberger falls short of target in brick segment

The Austrian construction materials company Wienerberger announced that the EBITDA for its brick segment in Europe was €20 million lower than the company's target in the first half of 2013. This was due to the difficult economic conditions and the postponement of construction projects in Europe due to the long winter and heavy rain in May and June 2013. Despite this, Wienerberger remains optimistic for its other segments in 2013. The restructuring measures announced by the company in 2012 were put into effe
July 16, 2013 Read time: 1 min

The Austrian construction materials company 4633 Wienerberger announced that the EBITDA for its brick segment in Europe was €20 million lower than the company's target in the first half of 2013. This was due to the difficult economic conditions and the postponement of construction projects in Europe due to the long winter and heavy rain in May and June 2013.

Despite this, Wienerberger remains optimistic for its other segments in 2013. The restructuring measures announced by the company in 2012 were put into effect as planned and should result in savings of €18 million for the full year 2013.

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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

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