The brick manufacturer's net profit fell from 249.1 million euros in 2019 to 88.5 million euros.
Wienerberger boss Heimo Scheuch.
The world's largest brick manufacturer Wienerberger felt the full force of the corona crisis in the 2020 financial year. The bottom line was a significantly reduced profit of 89 million euros – almost two thirds less than in the previous year (249.1 million euros), as can be seen from the balance sheet figures presented today, Wednesday.
Sales fell by just 3 percent to EUR 3.35 billion, primarily thanks to government measures to contain the pandemic.
Due to the lockdowns, there were often lengthy business interruptions in numerous key markets. Wienerberger stated that it continued to implement strict cost management and measures to increase efficiency. The global workforce was cut from an average of 17,234 to 16,619 employees compared to the previous year (minus 4 percent).
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For the 2021 financial year, management has set itself the goal of increasing adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) “regardless of the challenges caused by Covid-19 and still existing to EUR 600 to 620 million and thus to return to a pre-crisis level “. In the past year it amounted to 565.6 million euros.
Before interest and taxes, Wienerberger achieved a profit of 192.5 million euros – 47 percent less than before Corona (2019: 362.7 million euros).
Earnings per share (EPS) fell year-on-year from EUR 21.8 to EUR 0.79. The group still wants to pay out an unchanged high dividend of 60 cents per share.
