Brief: Wienerberger FY Operating EBITDA Margin At 25.5%

Wienerberger AG

21/02/2024 06:14

Feb 21 (Reuters) - WIENERBERGER AG  WBSV.VI :
    * OUTPERFORMS ITS END MARKETS AND MEETS EXPECTATIONS
    * BY ACQUIRING TERREAL, A SUCCESSFUL EUROPEAN PROVIDER OF
INNOVATIVE ROOF AND SOLAR SOLUTIONS, WIENERBERGER WILL
SIGNIFICANTLY EXPAND ITS PRESENCE IN GROWING RENOVATION SEGMENT
AND BECOME LEADING EUROPEAN EXPERT FOR PITCHED ROOFS
    * IN TOTAL, TRANSACTION INCLUDES ALMOST 3,000 EMPLOYEES, 28
PRODUCTION SITES AND EXPECTED ANNUAL SALES OF AROUND EUR 740
MILLION
    * ONGOING IMPROVEMENT OF ESG PERFORMANCE WITH SUSTAINABILITY
PROGRAM 2026
    * CONFIDENT THAT TRANSACTION WILL BE COMPLETED IN Q1 OF 2024
    * MANAGING BOARD WILL PROPOSE TO ANNUAL GENERAL MEETING THAT
A
DIVIDEND OF EUR 0.90 PER SHARE BE DISTRIBUTED FOR 2023
    * OPERATING EBITDA OF AROUND EUR 860-890 MILLION FOR 2024 IS
EXPECTED
    * SUCCESSFULLY INCREASED MARKET SHARE AND OPERATING EBITDA
MARGIN
FROM 23.6% IN 2022 TO 25.5% IN 2023

Source text for Eikon:  ID:nEQ9H6x84a 
Further company coverage:  WBSV.VI 

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