Wienerberger AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 08:56 am
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Wienerberger AG reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 1,083.28 million compared to EUR 1,276.13 million a year ago. Net income was EUR 89.38 million compared to EUR 165.77 million a year ago. Basic earnings per share from continuing operations was EUR 0.85 compared to EUR 1.54 a year ago.
For the nine months, sales was EUR 3,285.79 million compared to EUR 3,848.03 million a year ago. Net income was EUR 312.53 million compared to EUR 486.65 million a year ago. Basic earnings per share from continuing operations was EUR 2.96 compared to EUR 4.38 a year ago.
Wienerberger AG is one of Europe's largest building materials producers. Net sales break down by family of products as follows:
- walls, ceilings and roofing (54%): perforated bricks, facing bricks, tiles (clay, concrete or chimney tiles). Wienerberger AG is the world's leading producer of bricks;
- pipes (27%): pipes for water conveyance and sewers and concrete floor tiles.
The remaining sales (19%) relate to activity in North America.
At the end of 2022, the group operated 216 industrial sites worldwide.
Net sales are distributed geographically as follows: Germany (6%), the United Kingdom (8.2%), the Netherlands (8%), Austria (5.8%), Poland (5.5%), France (5%), Europe (30.5%), the United States (17.4%) and other (13.6%).