Wienerberger Returns to Profit Zone

Businessn.a. ♦ Published: February 21, 2012; 11:15 ♦ (Vindobona)

The Austrian brick producer reported group revenues of € 2,023.7m (+16% vs. 2010). EBITDA was up by 23%. Forecasts for 2012 are “difficult”, says Wienerberger´s management.

Wienerberger Returns to Profit Zone / Picture: © Wienerberger

Wienerberger AG today announced results for 2011. After completing the turnaround in the second quarter of 2010, the company returned to the profit zone during the past year. Revenues rose by 16% and operating EBITDA by 23% year-on-year in a still challenging environment. Wienerberger started 2011 with strong volume growth that was supported by the mild weather. Despite slower momentum…