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WIE — Wienerberger AG News Story

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Wienerberger falls after second FY profit warning

BUZZ-Wienerberger falls after second FY profit warning

** Austria's Wienerberger WBSV.VI falls 3% after it cut its full-year operating EBITDA guidance for the second time in three months

** The building materials group now expects 2026 operating EBITDA of 640-650 million euros from about 700 million euros previously

** The company says a seasonal pickup in construction activity after the summer holiday period was weaker than expected, with residential markets in the UK, US and Canada remaining under pressure

** "The release is ... clearly negative and confirms that the earnings trough has not yet been reached," Erste Group says

** The broker expects further estimate cuts and rising leverage concerns, adding that more extensive cost, restructuring or portfolio measures may follow

** Including today's fall, the stock has dropped 47% this year


($1 = 0.8921 euros)


(Reporting by Kira Britten)

((Kira.Britten@thomsonreuters.com))

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