Ad-hoc | 28 August 2001 10:00
Wienerberger AG
english
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Results for the First Six Months 2001
The deteriorating business environment had a strong negative impact on the
earnings development of the Wienerberger Group during the first half of 2001.
Sales declined by 11% to EUR 746.4 million. This is, however, a consequence of
the divestment of Treibacher Industrie AG, which generated EUR 101.7 million of
Group sales in the comparable prior year period. An adjusted comparison of
results in the building materials area shows a 1% increase in sales. From an
organic standpoint, sales decreased by 3%.
Group EBIT declined by 76% to EUR 32.1 million. After adjustments for non-
recurring gains of EUR 15.2 million on the sale of the Wiekor Group, EUR 29.8
million on the sale of Wipark Garagen GmbH, and operating income of EUR 7.5
million from Treibacher Industrie AG in 2000, the decline totaled 61%. This is
primarily a consequence of the dramatic situation in Germany and its negative
influence on neighboring countries. The continuing high cost of energy, which
exceeded the prior year level by EUR 13.5 million, represented an additional
burden. The transition year 2001 makes it possible for us to intensify
optimization activities in all segments and take directed actions to strengthen
our market positions. Unexpected weakness in the construction industry will most
likely prevent us from reaching our budgeted 13% increase in brick sales.
Operating income is expected to fall considerably below the prior year level
because of the loss situation in Germany and constant high prices for energy. In
addition, valuation adjustments to our factories may be required to reflect the
changed market environment, and this could also exert a downward influence on
current year earnings. We are already looking forward to 2002. The successful
results of our optimization measures are expected to materialize, and support
further earnings growth in the building materials area.
Vienna, August 28, 2001
The Managing Board of Wienerberger AG
Additional information on: http://www.wienerberger.com or contact:
Thomas Melzer, T +43(1) 60192-471, investor@wienerberger.com
end of ad-hoc-announcement (c)DGAP 28.08.2001
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WKN: 083170; Index: ATX
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg,
München und Stuttgart
281000 Aug 01