EQS-News: Wienerberger AG: Moody’s affirms Wienerberger’s Ba1 rating and changes outlook from stable to positive

EQS-News: Wienerberger AG / Key word(s): Rating
Wienerberger AG: Moody’s affirms Wienerberger’s Ba1 rating and changes
outlook from stable to positive

31.05.2022 / 11:33
The issuer is solely responsible for the content of this announcement.

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Moody’s affirms Wienerberger’s Ba1 rating and changes outlook from stable
to positive

Vienna, May 31, 2022 – Moody’s rating action reflects Wienerberger’s
strong performance in 2021 that continued in the first quarter 2022.
Despite the challenging market environment, Wienerberger gained
substantial additional revenue, generated a strong free cash flow and
successfully expanded its EBITDA margin.

Wienerberger’s rating is supported by the ongoing transformation of its
business model. The Group has already successfully reduced its cyclicality
by lowering the revenue share of new build construction from 65% to 49%
over the last 10 years. In addition, Wienerberger targets a further
reduction of the newbuild segment to 40% until 2030 while expanding even
more strongly into the growth markets of renovation and infrastructure.

Furthermore, Moody’s recognized Wienerberger’s long-term energy forward
buying strategy, strong market positions, healthy leverage ratio and
improved diversification.

Wienerberger appreciates the change in Moody’s outlook from stable to
positive, reflecting the transformation of our business model towards
enhanced resilience and improved profitability by continuously focusing on
ESG, innovation and Operational Excellence.

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 Eastern Europe. In pipe systems
(Steinzeug-Keramo ceramic pipes and Pipelife plastic pipes), the company
is one of the leading suppliers in Europe. By acquiring Meridian Brick,
Wienerberger further strengthened its position as a leading supplier of
facade products in North America. With its total of 215 production sites,
the Wienerberger Group generated revenues of € 4.0 billion and EBITDA LFL
of € 671 million in 2021. 

For further information, please contact:
Claudia Hajdinyak, Head of Corporate Communications Wienerberger AG
t +43 664 828 31 83 | claudia.hajdinyak@wienerberger.com

Daniel Merl, Head of Investor Relations Wienerberger AG
t +43 1 601 92 – 10221 | investor@wienerberger.com
 

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31.05.2022 This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: Wienerberger AG
Wienerbergerplatz 1
1100 Wien
Austria
Phone: +43 1 60 192-0
Fax: +43 1 60 192-10159
E-mail: office@wienerberger.com
Internet: www.wienerberger.com
ISIN: AT0000831706
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1364573

 
End of News EQS News Service

1364573  31.05.2022 

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