EANS-News: Wienerberger takes proactive measures to ensure sustained performance of its business and safety of all stakeholders
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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
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Company Information
Vienna - March 19, 2020. In these challenging times, Wienerberger is committed
to the sustained performance of our business and the health and safety of all
our employees, customers, partners and all other stakeholders.
To ensure that our objectives are met and to continue to supply all our
customers with our products and solutions to the best of our abilities, we wish
to notify investors of the following proactive measures which we firmly believe
will support Wienerberger's continued success:
1. Wienerberger's digital solutions are enabling us to support interactions
with our customers and partners and ensure uninterrupted deliveries of our
products.
2. Our strong balance sheet and liquidity position, combined with a cash flow
performance in line with our business expectations so far in 2020, enable
Wienerberger to operate from a position of strength.
3. Our strong local presence enables us to rapidly assess critical decision
inputs on a real-time basis. Currently, Wienerberger is producing and
delivering its products in all of its 30 countries in compliance with
strict safety and hygiene rules. Throughout this period Wienerberger's
Board and Management will continue to review our cost structures and
investments to ensure that our strategy is fully aligned with changing
market conditions.
4. Wienerberger is paying close attention to the situation in all our markets
in order to implement the respective government-imposed measures throughout
the Group. In addition, our Board and Management has established a Business
Resilience Team who will provide ongoing advice and enable us to react
quickly and sustainably. Where needed, we will be implementing swift and
forward-looking adjustments to our production on a market-by-market basis
as necessary.
At Wienerberger, we are confident that we have the right skills and
infrastructure to cope with this major economic challenge. We remain committed
to taking the right measures and have the flexibility to do so thanks to our
strong financial position. We will continue to work in close cooperation with
all our stakeholders to protect our business, employees and customers.
Wienerberger Group
The Wienerberger Group is a leading international provider of smart solutions
for the entire building envelope and for infrastructure. Wienerberger is the
world's largest producer of bricks (Porotherm, Terca) and the market leader in
clay roof tiles (Koramic, Tondach) in Europe as well as concrete pavers
(Semmelrock) in Central and Eastern Europe. In pipe systems (Steinzeug-Keramo
ceramic pipes and Pipelife plastic pipes), the company is one of the leading
suppliers in Europe. With its total of 201 production sites, the Wienerberger
Group generated revenues of EUR 3.5 billion and EBITDA LFL of EUR 587 million in
2019.
Wienerberger AG is a pure free float company, whereby the majority of shares are
held by Austrian and international institutional investors. Additional
information on the shareholder structure is provided under https://
wienerberger.com/en/investors/share [https://wienerberger.com/en/investors/
share]
Further inquiry note:
Barbara Grohs, Head of Corporate Communications Wienerberger AG
t +43 664 828 31 39 | Barbara.Grohs@wienerberger.com
Anna Maria Grausgruber, Head of Investor Relations Wienerberger AG
t +43 1 601 92 - 10221 | investor@wienerberger.com
end of announcement euro adhoc
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issuer: Wienerberger AG
Wienerbergerplatz 1
A-1100 Wien
phone: +43 1 60 192-0
FAX: +43 1 60 192-10159
mail: office@wienerberger.com
WWW: www.wienerberger.com
ISIN: AT0000831706
indexes: ATX
stockmarkets: Wien
language: English