Q1 2025 Wienerberger AG Earnings Call Transcript
Key Points
- Wienerberger AG (WBRBF) reported a 15% increase in revenues for Q1 2025, reaching EUR1.1 billion.
- Operating EBITDA grew by 13% to EUR130 million, aligning with company expectations.
- The company benefited from strong demand in the European renovation market, particularly in the roofing segment.
- The acquisition of Terreal contributed positively to sales and operating earnings.
- Wienerberger AG (WBRBF) successfully completed a share buyback program, enhancing shareholder value.
- The new residential housing market in North America suffered due to high interest rates and adverse weather conditions.
- Higher than expected inflation costs, particularly in energy and raw materials, impacted financial performance.
- The North American market faced a 34% decrease in operating EBITDA due to challenging conditions.
- Political instability in some regions, such as Canada, affected market activity.
- The company anticipates continued challenges in the US residential housing market due to persistent high interest rates.
Good morning everyone, and a warm welcome to Wienerberger's Q1 2025 update call. Thank you for taking the time to join us today. My name is Therese Jander, and I'm pleased to host this call from our head office here in Vienna, and I'm also joined here by our CFO, Dagma Steinert, who is here with me in person.
And I'm also super delighted to welcome our CEO, Heimo Scheuch, who is calling in from the United States today. We will begin with a brief presentation of the key developments and then the financials for this quarter.
Afterwards, we will open the line for questions. So with that, I hand over to Mr. Heimo Scheuch.
Thank you, Therese, and a wonderful good morning also from my side to everybody on the call. Let me start with a general remark on the overall geopolitical and economic situation. I think all of us have been exposed to a very volatile, a very dynamic start into this year with a lot
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