Wienerberger Baustoffindustrie Ag Stock Earnings Reports

Wienerberger reported a Q1 2026 quarter that was broadly in line with management expectations: revenues fell 7% and operating EBITDA declined to EUR 97m, driven primarily by weather-related weakness in January–February and a much stronger recovery in March (continuing into April). Regional performance was mixed: Western Europe was the most stable, Eastern/Central Europe showed a selective recovery but price pressure, and North America was the weakest (double-digit volume declines, particularly Canada). Management reiterated the full-year guidance (operating EBITDA target EUR 810m) while noting limited visibility due to the Middle East conflict and potential inflationary pressure. They expect higher cost inflation later in the year (energy and raw materials) and are implementing mitigation measures: price increases (mid-single-digit for ceramics, double-digit in piping in some markets), strict cost discipline (Fit For Growth program and further cost savings targeted at ~EUR 30m), working-capital optimization, selective disposals of non-core properties (expected cash proceeds ~EUR 20–30m), and controlled M&A (Italcer closed end-April; NEWS Group closed end-April). The company will finance Italcer from its balance sheet (no capital increase) and aims to maintain an investment-grade profile with a target leverage around 2.2x by year-end. CapEx guidance: ~EUR 160m maintenance, EUR 20m health & safety, and ~EUR 100m growth/ESG.