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

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