Full Year 2024 Wienerberger AG Earnings Call Transcript
Key Points
- Wienerberger AG (WBRBY) reported a strong operating EBITDA of EUR 760 million, marking it as the third-best year in the company's history.
- The company achieved nearly EUR 420 million in free cash flow, demonstrating efficient working capital management.
- The Terreal acquisition has been successfully integrated, contributing positively to the roofing segment with an EBITDA margin above 20%.
- Wienerberger AG (WBRBY) maintained a strong operating EBITDA margin of 17% despite challenging market conditions.
- The company is committed to long-term sustainability targets, investing in modern, energy-efficient plants with reduced CO2 emissions.
- The new residential housing market in both North America and Europe underperformed expectations, impacting overall market activity.
- High interest rates and political instability in key markets like Germany and Austria negatively affected the new residential housing segment.
- The company faced a EUR 100 million negative impact from price/cost spread, primarily in the wall and facade business and US piping.
- Wienerberger AG (WBRBY) had to implement significant restructuring measures, resulting in a EUR 78 million cost and the reduction of approximately 1,000 employees.
- Energy prices increased in the second half of 2024, and some regions like Serbia and Bulgaria faced challenges due to non-liberalized energy markets.
Good morning, ladies and gentlemen, and I hope you're all well. A warm welcome to the Wienerberger conference call. Our Board representatives today is Mr. Heimo Scheuch, our CEO; and Gerhard Hanke, our CFO, and they will walk you through the presentation and are ready to take your questions afterwards.
So then, I will hand over to Mr. Heimo Scheuch.
Thank you, and a warm welcome also from our side, Gerhard and myself. Today, we welcome you from Belgium from our biggest showroom in Wienerberger north of Brussels, and glad to have you all on the phone.
This time when we go through the presentation, I've put the shareholder letter in front, and it made me think that more than 10 years ago I had the pleasure to sit with
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
