Wienerberger Ceramic PipesWienerberger Ceramic Pipes

Vienna, Austria — ATX20 stock Wienerberger said Wednesday it meet its expectations for 2023 with €4.2 billion in revenues and an operating EBITDA of €811 million, despite market challenges.

The company focused on sustainable growth, expanding in renovation and infrastructure, and emphasized cost management and innovation. Wienerberger’s diversified business model and strategic acquisitions contributed to its success in a difficult market environment.

This strong outcome was primarily achieved as a result of increased activities in piping business for energy and water. Also, the renovation segment contributed to a strong performance in the company’s infrastructure

However, sharp declines in the new build segment, particularly in Europe, weighed on profits due to significantly higher interest and inflation rates. North America, proved to be more resilient and made a solid contribution to earnings.

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By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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