|Bid||23.66 x 34300|
|Ask||23.86 x 137200|
|Day's range||23.70 - 23.76|
|52-week range||17.57 - 23.76|
|Beta (3Y monthly)||0.70|
|PE ratio (TTM)||13.29|
|Forward dividend & yield||0.50 (2.14%)|
|1y target est||N/A|
Wienerberger , the world's largest brickmaker, plans to pay out more money to shareholders, aiming to distribute 20 to 40% of its free cash flow in the form of dividends and share buybacks in the future, it said on Monday. Wienerberger is hiking its capital distribution policy from the 10 to 30% of free cash flow it had previously paid out to shareholders after deduction of the costs of hybrid capital, the Austrian company said.
Austria's Wienerberger , the world's largest brickmaker, raised its full-year forecast on Tuesday after strong demand for its building materials, efficiency gains and revenues from recent acquisitions lifted first-half results. Wienerberger's group revenue rose 8% to 1.74 billion euros (£1.62 billion) in the six months through June, while adjusted earnings before interest, tax, amortisation and depreciation (EBITDA) grew 33% to 286.6 million euros. Wienerberger's generally optimistic outlook echoed those of other construction companies, but unlike most of its rivals it also said business was flourishing in Britain, its largest single market with a 10% revenue contribution.
Austria's Wienerberger confirmed its full-year outlook as an early start of the construction period this year, price adjustments and efficiency gains helped it to swing back to a net profit in the first quarter, it said on Thursday. Net profit in the three months through March increased to 26.8 million euros (23.4 million pounds) after a loss of 19.6 million euros in last year's period, the brickmaker said. Wienerberger sees ongoing stable or slightly increasing demand for the business year as a whole and confirmed its 2019 target of adjusted earnings before interest, tax, amortisation and depreciation of 560 to 580 million euros after 470 million in 2018.
Wienerberger expects strong demand for its bricks in Britain to continue and has started to reduce stocks it had built up in preparation for Brexit, with the time of withdrawal from the EU still unclear, its chief executive said. "We have a very good result (in Britain), sales are still very good," Heimo Scheuch told Reuters in an interview on Thursday. With Britain's divorce date from the European Union still to be finalised, it makes more sense for Wienerberger to sell its products instead of storing them, he said.
Construction group Wienerberger on Friday reported a 51 percent increase in its first-quarter core profit, which was helped by favourable weather and cost savings, sending its shares to a seven-month high. Wienerberger said in February that it expects EBITDA to increase to 560-580 million euros this year from 469 million in 2018. Wienerberger shares rose as much as 4.9 percent to 21.58 euros, its highest level since October.
Austrian building materials firm Wienerberger, the world's biggest brickmaker, has agreed to buy British roofing company Building Product Design Group for an undisclosed amount, Wienerberger said on Monday. BPD has more than 200 employees and two production sites in Nottinghamshire and South Wales, a fraction of Wienerberger's 14 plants and 1,400 staff in Britain. BPD had annual revenue of 29.3 million pounds ($38.4 million) in 2018, Wienerberger said.
Brickmaker Wienerberger said on Wednesday that efficiency measures and new accounting rules should help it increase its 2019 core profit by at least 19 percent despite largely stable residential housing and infrastructure markets. Efficiency measures are expected to contribute 40 million euros. The group is in the midst of upgrading production processes at all sites, enhancing energy efficiency, optimising its purchasing processes and distribution arrangements.
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