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Wienerberger Returns to Profit Zone
The Austrian brick producer recorded a net profit of € 38m in the first half of the year. Earnings growth was supported by higher volumes, better capacity utilization and higher prices.
Wienerberger Returns to Profit Zone / Picture: © Vindobona.org
Wienerberger AG today presented sound results for the first half of 2011. After a good start in the year, revenues rose by 8% and operating EBITDA by 11% in the second quarter. The company recorded an increase of 19% in revenues to € 986m and 58% in operating EBITDA to € 123m for the first six months of 2011. These results returned the brick producer to the profit zone in a market…
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