- Strong Performance in Infrastructure and Renovation Business Drives Growth
- Largest Corporate Acquisition in Company History Expands European Market Presence
Vienna, Austria — Wienerberger, a key player in the infrastructure and renovation industry, reported a successful business year in 2023, achieving robust financial results despite the volatile economic climate. The company’s total revenue reached €4.2 billion, with an operating EBITDA of €811 million. This impressive performance is attributed to its proactive cost management strategies and its diversified, sustainable business model.
In the face of economic challenges, Wienerberger’s strength was particularly evident in its infrastructure segment, primarily in piping systems for water and energy management, as well as its renovation business. These sectors played a pivotal role in driving the company’s growth and resilience.
Adding to its achievements, Wienerberger successfully completed the most significant acquisition in its history by the end of February 2024. The company took over Terreal, a leading European provider specializing in the renovation and repair of roofs. This acquisition includes operations in France, Italy, Spain, and the USA, along with Creaton in Germany. With this strategic move, Wienerberger has significantly strengthened its position as a top European expert in pitched-roof solutions.
Wienerberger Buys Terreal
The acquisition of Terreal and Creaton is anticipated to bring in additional revenues of approximately €725 million. It marks Wienerberger’s enhanced focus on the rapidly growing renovation and repair market, ensuring a stronger presence and broader reach in the European market.
Heimo Scheuch, CEO Wienerberger AG said:
“The fact that our Sustainability Program 2023 has been a success motivates us to increase our efforts. With this next iteration, we expand existing targets and add new ones. Sustainability has always been an integral part of wienerberger’s corporate strategy, as we provide sustainable solutions for housing construction, energy-efficient renovation, as well as water and energy management.“
In summary, Wienerberger’s positive results in 2023 and its strategic corporate acquisition signify its commitment to growth and market leadership in its core business areas. The company continues to adapt and thrive in challenging economic conditions, demonstrating the effectiveness of its business strategies and the strength of its market position.
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