wienerberger posts solid results

Despite a challenging macroeconomic environment and weak construction markets across many regions, wienerberger once again demonstrated resilience both in 2024, when revenues rose to €4.5 billion (up 6% on 2023), and in the first half of 2025 when it posted €2.3 billion (compared to €2.2 billion in H1 2024). EBITDA also remained broadly stable in the first half year at €383 million, compared to €400 million in the same period in 2024 (-4%).

The group attributed these results to a combination of operational efficiency, strict cost discipline and the rapid integration of strategic acquisitions.

In particular, the integration of Terreal ahead of schedule significantly enhanced the Group’s offerings of integrated roof and solar solutions and created new opportunities in the renovation market.

“wienerberger will continue to pursue efficiency and optimisation measures as we wait for a meaningful recovery in the new build sector, which is not anticipated in the second half of the year,” said Heimo Scheuch, Chairman and CEO of wienerberger. “Disciplined cost and price management, combined with operational efficiency programmes, have allowed us to safeguard margins, while our strategic focus on innovation and ecological system solutions strengthened our long-term positioning.”

Signs of recovery in Western Europe

Western Europe began to show more positive signals in the first half of 2025. Sales revenues in the region rose 11% year-on-year to €1,378.6 million, while EBITDA grew to €205.0 million (H1 2024: €182.9 million).

In France, the group further expanded its roofing and façades business, while in the Netherlands demand was driven mainly by renovation. The German construction sector remains under pressure, but wienerberger offset part of the impact with a more favourable product mix that supported prices. In the UK, new construction activity led to a 12% increase in brick sales volumes compared to H1 2024, while demand for roof tiles continues to lag due to weak renovation. In Ireland, overall trends remain positive and point to further growth in the second half of the year.

Slowdown in Eastern Europe

After strong growth in 2024, construction activity in Eastern Europe eased in the first half of 2025. wienerberger responded rapidly with pricing and efficiency measures, and still managed to strengthen its market position, including a significant gain in market share in the Hungarian wall segment. Regional revenues rose 3% to €592 million, while operating EBITDA slipped to €102.6 million.

With inflation falling, confidence improving and interest rates easing, the company expects a gradual recovery in the region in the second half of the year.

Difficulties in North America

In North America, results were impacted by a weaker-than-expected economic environment and heightened market volatility. Housing starts declined by 6%, mortgage rates remained high at 6.7% and business also contracted in Canada. Brick volumes declined by 7% in the US and 12% in Canada. By contrast, the piping business maintained 4% volume growth. First-half revenues were down 6% to €375.8 million, with EBITDA falling sharply (-29%).

“Our performance in the first half of 2025 clearly demonstrates wienerberger’s strength and adaptability,” added Scheuch. “We expect EBITDA to be above the first half-year level in the second half of 2025, with a target of around €800 million for the full year.”

At the same time, wienerberger will continue to pursue strategic enhancements – from portfolio optimisations and innovation initiatives to a focused M&A activity – confirming its confidence in achieving its mid-term EBITDA target of more than €1.2 billion. It continues to focus on creating value for customers and shareholders while strengthening its role as a leader in the transition toward energy-efficient and climate-friendly construction.