When analyzing Wienerberger net worth, it’s important to understand how their financial performance shapes the company’s success.
From revenue streams to cost structure, Ando Money provides a clear view of their financial standing in 2024.
This analysis also includes detailed insights into the sectors driving growth, profitability, and investments.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Wienerberger AG |
| Full Name | Wienerberger AG |
| Website | www.wienerberger.com |
| Industry | Building Materials |
| Traded as | Vienna Stock Exchange (WIE) |
| ISIN | AT0000831706 |
| Founded | 1819 |
| Founders | Alois Miesbach |
| Country/Territory | Austria |
| Headquarters | Vienna, Austria |
| Chief Executive Officer | Heimo Scheuch |
| Number of Employees | 20,485 (H1 2024) |
| Market Cap | €3.46 billion (as of June 2024) |
| Total Assets | €6.58 billion |
| Total Equity | €2.83 billion |
| Revenue | €2.21 billion (H1 2024) |
| Net Income | €0.5 million |
What is the Net Worth/Market Cap Of Wienerberger in 2024?
In 2024, Wienerberger’s market cap stood at €3.46 billion (around $3.7 billion). This makes it a significant player in the building materials industry.
For comparison, the company’s market cap positions it among other companies in related industries. Here are a few entities to consider when looking at its market presence:
- Terreal Group
- Pipelife
- LafargeHolcim
- HeidelbergCement
- Knauf
- Saint-Gobain
- CRH
- Cemex
- Kingspan
- Wienerberger
Curious about the richest companies? Learn more here.
Wienerberger Financial Performance Overview
How Revenue Streams Shape Financial Performance
Wienerberger’s financial performance is largely driven by its strong revenue streams from multiple sectors.
In H1 2024, the company reported total revenues of €2.21 billion (approximately $2.36 billion).
This growth was mainly driven by the consolidation of newly acquired companies, contributing €225 million.
The revenue mix is spread across key geographic regions, with Europe West generating €1.24 billion and North America providing €398.2 million.
While revenue remained stable overall compared to H1 2023, some regions, particularly Eastern Europe, saw a slight decline of 6%.
Cost Structure and Profitability Breakdown
Wienerberger’s profitability is closely tied to its ability to manage costs effectively. Operating EBITDA in H1 2024 amounted to €400.1 million, marking a 12% decline compared to the previous year.
A key factor in this reduction was the impact of restructuring measures and rising financing costs. The cost of goods sold increased to €1.38 billion, which directly impacted profit margins.
However, the company’s efforts to implement cost-saving initiatives have kept overhead and administrative expenses under control, at €175.4 million.
Overall, maintaining profitability has been challenging in light of these cost pressures, but Wienerberger’s strategic focus on cost management remains strong.
The Role of Geographic Markets in Revenue Growth
The company operates in several key markets across Europe and North America.
In Europe West, revenues rose by 6%, thanks to a stable demand for renovation projects and infrastructure developments.
Conversely, Eastern Europe saw a 6% decrease, due to economic conditions and reduced demand for new residential housing.
In North America, revenue fell by 6%, reflecting high interest rates and political uncertainties that have impacted the new-build housing market.
Despite these challenges, Wienerberger has maintained a strong presence across diverse regions, which mitigates risk from any one market.
Investments and Their Contribution to Financial Health
Wienerberger has made strategic investments, particularly in sustainability and innovation, which have strengthened its financial position.
Capital expenditures reached €117.8 million, a 22% increase compared to H1 2023.
These investments include discretionary growth investments and projects aligned with environmental, social, and governance (ESG) goals.
The company’s investment in Terreal Group is one of the most significant acquisitions of the period, enhancing its market share in roofing and solar solutions.
These investments are key contributors to long-term revenue growth, positioning the company for future success.
How Product Innovation Boosts Revenue
Wienerberger’s innovation strategy, particularly in roofing and piping solutions, has been a major factor in driving revenue growth.
The acquisition of Terreal Group has enabled the company to expand its product offerings in roof repair and renovation, as well as solar panel solutions.
In the pipe business, the company continues to experience growth, particularly in sustainable water management solutions.
With innovations targeting infrastructure and ecological construction, Wienerberger is capitalizing on global trends toward greener building solutions, which is boosting its overall revenue.
Financial Impact of Restructuring and Cost-Cutting Measures
Restructuring and cost-cutting measures have had a considerable impact on the company’s finances. Special write-offs due to restructuring amounted to €49.4 million in H1 2024.
These actions are part of a broader effort to optimize Wienerberger’s operations across regions where demand has weakened.
The closure of plants and the reduction of overhead costs in countries like Germany and France have improved profitability, even though restructuring expenses have temporarily weighed on the bottom line.
Cash Flow Analysis and Liquidity Position
In terms of cash flow, Wienerberger has seen a significant change in its liquidity position.
Free cash flow improved by 62%, with a figure of -€51.5 million compared to the -€137.1 million reported in H1 2023.
This improvement can be attributed to more efficient working capital management and reduced capital outflows.
However, the acquisition of Terreal Group significantly impacted the company’s net debt, which increased by 69% to €2.06 billion.
External Factors Influencing Financial Performance
External factors such as high interest rates, economic uncertainty, and political instability in key markets have influenced Wienerberger’s financial performance.
For instance, the North American market, particularly in the USA, has experienced a temporary decline in housing demand due to political uncertainties.
Additionally, public policies in Europe aimed at supporting affordable housing have not yet revitalized the market.
Wienerberger has been proactive in addressing these challenges through strategic planning and cost management, ensuring financial stability despite these headwinds.
FAQs about Wienerberger
What sectors drive revenue for Wienerberger?
It generates revenue from multiple sectors, including new residential housing, renovation, and infrastructure projects. Key products like roofing, façade materials, and piping solutions drive significant revenue growth.
How many employees does Wienerberger have?
As of H1 2024, it employs 20,485 people across its various global operations, which contributes to its production and market expansion efforts.
What geographic markets are most important for Wienerberger?
The company operates in Europe and North America. Europe West is its largest market, generating €1.24 billion in revenue during H1 2024, while North America contributed €398.2 million.
What investments has Wienerberger made recently?
One of Wienerberger’s major investments includes the acquisition of the Terreal Group, which strengthened its position in the roofing and solar solutions market. The company has also invested significantly in ESG initiatives and plant expansions.
What were Wienerberger’s total assets in H1 2024?
Its total assets in H1 2024 amounted to €6.58 billion, demonstrating its substantial financial capacity and resources.
Conclusion
Wienerberger’s financial standing in 2024 is shaped by its ability to manage costs and invest strategically.
If you’re interested in learning more about company finances, visit Ando Money for in-depth analysis. Leave a comment or share your thoughts below!
