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Investing.com -- Wienerberger (VIE:WBSV) on Tuesday reported first-quarter 2025 sales of €1.10 billion, marking a 2% like-for-like increase and exceeding the Visible Alpha (VA) consensus of €1.04 billion by 6%.
Growth was driven by strong renovation and infrastructure activity in Europe, which offset continued weakness in new construction.
Operating EBITDA came in at €130 million, up 13% year-over-year. While this was 2% below the VA consensus of €133 million, it aligned with company guidance.
The full-year 2025 EBITDA guidance remains unchanged at €800 million, compared to consensus estimates of €826 million (VA). The operating EBITDA margin guidance also remains steady at 17.5%.
Sales growth was broad-based across both Western and Eastern Europe. Renovation activity, particularly in roofing, was strong in the Netherlands and Belgium.
Eastern Europe also saw strength in new construction. North America experienced some softness due to adverse weather and political uncertainty.
Despite regional variations, stronger-than-expected performance in Eastern Europe and North America helped balance weaker results in Western Europe.
Terreal contributed €11 million to year-over-year profitability in the first quarter. Overall profitability was supported by a 5% volume increase in both renovation and new construction, while infrastructure activity remained stable.
Net debt rose quarter-over-quarter due to seasonal working capital needs, with a gearing ratio of 2.6x, slightly improved from 2.7x a year earlier. The company maintained its full-year EBITDA guidance.