Wienerberger with dampened expectations

IndustrialsIndustrial Goods ♦ Published: June 30, 2010; 00:00 ♦ (Vindobona)

Wienerberger AG expects a relatively good spring quarter, but is running after lost revenue of the first month.

Wienerberger with dampened expectations / Picture: © Wienerberger

"We do not have a tailwind from the markets as we have hoped for at the beginning," Heimo Scheuch CEO of the construction material company said on Tuesday. What Wienerberger does not get from the market, has to be "redeemed through cost adjustments." The brick company has to cut the price in several Eastern European countries and parts of North America.

A long winter and floods…

Fast News Search