|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||4.4700 - 4.6300|
|52 Week Range||3.8800 - 5.6800|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||14.57|
|Forward Dividend & Yield||0.11 (2.51%)|
|1y Target Est||N/A|
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.
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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