Wienerberger: Improvements, But Still Losses

IndustrialsIndustrial Goods ♦ Published: May 10, 2011; 10:27 ♦ (Vindobona)

Group revenues: up by 41% to € 395.1 m. Operating Profits could increase significantly. Net Losses amount to € 45.1m.

Wienerberger: Improvements, But Still Losses / Picture: © Wienerberger

Wienerberger recorded a 41% increase in revenues to € 395.1 m for the first three months of 2011. Heimo Scheuch, CEO of Wienerberger AG, explained: “Growth was driven entirely by higher volumes, since the moderate negative price effect of -1% was offset by positive foreign exchange effects of 1%. In 2010, the price effect at the Group level was higher at -5% due to our proactive…