EQS-News: Wienerberger AG: Rating agency Moody’s raises Wienerberger to investment grade rating

EQS-News: Wienerberger AG / Key word(s): Rating
Wienerberger AG: Rating agency Moody’s raises Wienerberger to investment
grade rating

30.03.2023 / 08:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Rating agency Moody’s raises Wienerberger to investment grade rating

Vienna, March 30, 2023 – The upgrade of the rating to investment grade
Baa3 reflects Wienerberger’s strong performance in recent years and
underlines the successful transformation into a comprehensive supplier of
ecological and smart solutions for renovation, new builds and
infrastructure management. The rating agency also anticipates Wienerberger
to continue to focus its organic and inorganic growth on robust end
markets, thereby reducing the cyclicality of its business profile.

The Wienerberger Group was able to successfully hold its ground in a
challenging market environment in 2022 and impressively underpin the
strength of its business model with outstanding overall performance and
strong organic growth in all business segments.

Moody’s also recognized Wienerberger’s distinctive portfolio of system
solutions for the building envelope and infrastructure management, strong
market positions, low leverage and greater commitment to the more
resilient Renovation and Infrastructure segments.

Wienerberger welcomes the upgrade of the rating. This reflects both the
successful transformation of the business model towards increased
resilience and improved profitability through the continued focus on ESG,
innovation and operational excellence, as well as the continued investment
in sustainable innovation and environmental solutions to improve the
product range.

Wienerberger Group
The Wienerberger Group is a leading international provider of smart
solutions for the entire building envelope and for infrastructure.
Wienerberger is the world’s largest producer of bricks (Porotherm, Terca)
and the market leader in clay roof tiles (Koramic, Tondach) in Europe as
well as concrete pavers (Semmelrock) in Eastern Europe. In pipe systems
(Steinzeug-Keramo ceramic pipes and Pipelife plastic pipes), the company
is one of the leading suppliers in Europe. By acquiring Meridian Brick,
Wienerberger further strengthened its position as a leading supplier of
facade products in North America. With its total of 216 production sites,
the Wienerberger Group generated revenues of approx. €5.0 billion and
EBITDA of €1 billion in 2022. 

For further information, please contact:
Claudia Hajdinyak, Head of Corporate Communications Wienerberger AG
t +43 664 828 31 83 | claudia.hajdinyak@wienerberger.com

Daniel Merl, Head of Investor Relations Wienerberger AG
t +43 1 601 92 – 10221 | investor@wienerberger.com

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30.03.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: Wienerberger AG
Wienerbergerplatz 1
1100 Wien
Austria
Phone: +43 1 60 192-0
Fax: +43 1 60 192-10159
E-mail: office@wienerberger.com
Internet: www.wienerberger.com
ISIN: AT0000831706
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1596113

 
End of News EQS News Service

1596113  30.03.2023 CET/CEST