Q1 2026 Wienerberger AG Earnings Call Transcript
Key Points
- Wienerberger AG (WBRBY) experienced a clear recovery in March after a weather-related weak start to the year, with volumes picking up to prior year's levels.
- The company successfully closed the acquisition of Italcer by the end of April, which strengthens its position in the high-end tiles market and offers potential synergies.
- Wienerberger AG (WBRBY) has a strong balance sheet and does not require a capital increase to finance the Italcer acquisition.
- The company is implementing price increases across its European operations to counteract cost inflation, particularly in the piping segment.
- Wienerberger AG (WBRBY) is actively managing costs and focusing on operational excellence, with a commitment to a EUR30 million cost-saving target for the year.
- Revenues for the first quarter were down by 7%, and operating EBITDA was significantly below the previous year's levels.
- The North American market was particularly challenging, with a double-digit volume decline and weak residential construction activity.
- Geopolitical uncertainty, particularly related to the Middle East conflict, is impacting visibility and could lead to increased cost inflation.
- The company faces aggressive competition in certain markets, such as the Czech Republic, which continues to pressure pricing.
- Wienerberger AG (WBRBY) anticipates higher cost inflation in the coming quarters due to rising energy and raw material prices, which may impact profitability.
Ladies and gentlemen, welcome to today's conference call of Wienerberger's Q1 2026 Results. I am Judith, your operator for today. (Operator Instructions) The conference is being recorded. (Operator Instructions)
And with this, I hand over to Therese Jander.
Good morning, everyone, and thank you, Judith. Warm welcome to our Q1 results call. My name is Therese Jander, and I'm pleased to be hosting this call today from Vienna, our headquarters. And I'm joined here by Dagmar Steinert, our CFO. We will begin with a brief presentation of the key developments and our financials for the quarter, and then we will open the line for questions.
So with that, I will hand over now to Steinert.
Yes. Thank you, Therese. Good morning, everyone, and a warm welcome from my side as well. Our CEO, Heimo Scheuch, is still recovering from an infection, and
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