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Wienerberger: Declining Earnings Cause Austerity Measures

Published: August 21, 2012; 10:13 · (Vindobona)

Group revenues of the Austrian brick producer rose by 5% to € 1,036m (2011: € 986m ). Operating EBITDA declined by 16% to € 104m (2011: € 123m ).

Wienerberger: Declining Earnings Cause Austerity Measures / Picture: © Wienerberger

Wienerberger AG today announced results for the first half of 2012. Business was influenced by a long frost period in the first quarter and, above all, by the strong turbulence in the euro zone. The crisis of confidence surrounding the European currency has intensified in recent months due to the high sovereign debt in a number of countries and the resulting discussions over possible…

This article includes a total of 1527 words.

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