Wienerberger with strong revenue growth in 2012
Highlights in 2012:
Diversification step towards pipe systems strengthens Group results
and offsets declines in Bricks & Tiles Europe Division
Restructuring program launched in H2 with focus on
Bricks & Tiles Europe Division
Savings of € 50 million from restructuring program by end of 2014
Strong cash flow generation in a difficult market environment
Sound capital structure even after Pipelife takeover
Results for 2012:
Group revenues: € 2,356 million (+23% versus 2011)
Operating EBITDA: € 246 million (+2% versus 2011)
After tax loss: € 41 million, above all due to € 43 million
of non-recurring costs from restructuring program
Free cash flow: € 164 million (versus € 135 million in 2011)
Recommended dividend: € 0.12 per share (reflects 2011 dividend)
Outlook on 2013:
Operating EBITDA of € 280 million forecasted for 2013
No signs of improvement on European brick markets
Continued robust development for pipes & pavers
Further recovery expected in US new residential construction
Focus remains on cash flow generation and organic growth
http://www.wienerberger.com/investo...nancial-year-2012/financial-results-2012.html