Austria · Delayed Price · Currency is EUR Wienerberger AG Earnings Call Transcripts
Fiscal Year 2025
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Delivered strong 2025 results with stable margins and doubled profit despite market declines. 2026 guidance is EUR 810 million EBITDA, including Italcer acquisition, with a one-off EUR 30 million energy cost headwind and continued focus on cost discipline and innovation.
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Operating EBITDA and revenue remained stable year-over-year despite weak new residential housing markets, with growth driven by renovation and infrastructure. Cost inflation persists, but disciplined management and strategic acquisitions support robust margins and reaffirmed full-year guidance.
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Revenue grew 6% year-over-year to EUR 2.3 billion, with robust margins despite cost inflation. Strong performance in renovation and infrastructure offset weakness in new residential housing, and full-year EBITDA guidance of EUR 800 million is reaffirmed.
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Q1 2025 delivered strong revenue and EBITDA growth, led by robust European performance and successful integration of Terrial, while North America lagged due to weak housing and adverse weather. Full-year guidance of EUR 800 million EBITDA is reaffirmed, contingent on stable markets and rate cuts.
Fiscal Year 2024
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Operating EBITDA reached EUR 760 million in 2024, with strong free cash flow and resilience from portfolio diversification. 2025 guidance targets EUR 800 million EBITDA and margin expansion, supported by stable infrastructure and renovation markets, and continued disciplined capital allocation.
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Q3 revenue rose 9% year-over-year, but margins were pressured by low volumes and standstill costs. Terreal integration and cost-saving measures supported results, with 2024 EBITDA guided at €750–770 million and expectations for further improvement in 2025.
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Revenue and EBITDA for H1 2024 were resilient despite weak residential markets, with strong cost management, strategic focus on renovation and infrastructure, and successful integration of Terreal. Full-year EBITDA guidance is EUR 800–820 million, with market recovery expected in 2025.