Wienerberger approaching “black zero”

Businessn.a. ♦ Published: August 17, 2010; 00:00 ♦ (Vindobona)

In the first half of 2010, the building materials group registered a loss of €39.4m. One year ago it was about €200m. Forecasts however remain cautious.

Wienerberger approaching “black zero” / Picture: © Wienerberger

Wienerberger AG overcame the first half a little better than expected, and announces the “turnaround” and the termination of the restructuring processes. The latter "was fully effective and lead to the expected reduction of costs", explained CEO Heimo Scheuch CEO on Tuesday.

Close to profit zone

Turnaround however does not mean that the group is left with real…

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