EQS-News: Trading Update Q2 2026

EQS-News: Wienerberger AG / Key word(s): Miscellaneous
   Trading Update Q2 2026

   21.07.2026 / 07:30 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Trading Update Q2 2026

     • wienerberger substantially strengthens its position in infrastructure
       and renovation markets, representing more than 60% of Group revenues
     • Strong declines in individual residential new-build markets
     • Group revenues increased to €1.41 billion in Q2 26 (Q2 25:
       €1.25 billion), supported by 7% organic growth, while Group operating
       EBITDA amounted to €230 million (Q2 25: €253 million)

   Vienna, July 21, 2026 – wienerberger, a leading international provider of
   innovative and ecological solutions for infrastructure, renovation and the
   building envelope, continued to advance the strategic transformation of
   its business model. Revenues increased by 13% year-on-year to €1.41
   billion (Q2 2025: €1.25 billion), supported by strategic acquisitions and
   7% organic growth, driven by resilient demand across infrastructure and
   renovation end markets. Operating EBITDA declined to €230 million,
   reflecting much weaker-than-expected residential new-build activity,
   particularly in the United States, Canada and the UK.

   Continued transformation towards more resilient end markets
   Over recent years, wienerberger has fundamentally reshaped its portfolio
   to reduce its exposure to cyclical new residential construction markets
   and increase its focus on infrastructure and renovation activities. A key
   milestone in this transformation was the acquisition of a majority stake
   in Italcer in April 2026, an Italian specialist in ceramic wall and floor
   tiles, which significantly strengthens wienerberger's exposure to
   renovation-driven end markets with attractive long-term growth
   characteristics. In addition to being immediately margin accretive,
   Italcer provides a scalable platform for further growth and consolidation
   in the European tile industry. Together with the acquisition of Terreal
   and the continued expansion of the infrastructure-led piping business, the
   transaction further accelerates wienerberger's transition towards
   structurally more resilient and less cyclical revenue streams.

   Heimo Scheuch, CEO of wienerberger: "The first half of 2026 was more
   challenging than we expected at the beginning of the year, particularly as
   the anticipated recovery in new residential construction markets did not
   materialize in several key markets, notably the United States, Canada and
   the UK. At the same time, we continued to execute one of the most
   significant portfolio transformations in our company's history. Today,
   more than 60% of our revenues are generated from the structurally more
   resilient infrastructure and renovation markets, while new residential
   construction accounts for less than 40% of our end-market exposure. This
   demonstrates that our strategy is delivering tangible results by creating
   a structurally more resilient business model.

   The acquisition of Italcer is a compelling example of this strategy in
   action: it strengthens our position in attractive renovation-driven
   markets, enhances our earnings profile through its strong profitability
   and provides a platform for further organic and inorganic growth. Together
   with our investments in roofing and infrastructure solutions, we have
   substantially reduced our dependence on cyclical new-build markets and
   further increased the resilience of our business model. While current
   market conditions require disciplined and focused execution, our strategic
   transformation is progressing and positions wienerberger to emerge
   stronger when construction markets recover."

   Market trends
   Market conditions during the second quarter of 2026 were characterized by
   significant regional differences. Following a slow start to the year due
   to adverse weather conditions in several markets, activity in Continental
   Europe and the Nordic countries normalized during the second quarter.
   Renovation and infrastructure markets continued to demonstrate resilience,
   supported by improving customer demand and ongoing public investment
   programs.

   By contrast, residential new-build activity in the United States, Canada
   and the UK remained substantially below expectations. Elevated financing
   costs drove affordability constraints and continued caution among both
   developers and private homeowners. As a result, the moderate recovery
   anticipated at the beginning of the year has been delayed, and subdued
   new-build activity remained the primary drag on Group performance during
   the second quarter. At present, we have not seen any material government
   support programs or stimulus measures across the key markets within our
   geographic footprint that could offset the continued weakness in
   residential construction activity.

   From an end-market perspective, renovation and infrastructure continued to
   outperform new residential construction. Roofing activities benefited from
   stable renovation spending across most European markets and the
   decarbonisation of Europe’s aging housing stock, while piping solutions
   recorded solid demand driven by the European water resilience strategy and
   upgrades to European power grids. In parallel, wienerberger successfully
   managed significant volatility in raw-material markets without structural
   margin erosion.

   Financial performance
   Group revenues increased by 13% yoy to €1.41 billion in Q2 26. The Group's
   transformation towards infrastructure and renovation activities resulted
   in an organic increase of 7% yoy and mitigated the impact of weaker new
   residential construction markets, such as in the United States, Canada and
   the UK. In addition, recently acquired businesses, including Italcer and
   NEWS Group, made a significant contribution to Group results. However, the
   continued deterioration in key new residential markets, which impacted
   EBITDA by approximately €30 million in the second quarter through lower
   sales volumes and capacity utilization, outweighed the resilience of
   higher-quality end-market exposures. Altogether, this led to a decline in
   operating EBITDA to approximately €230 million from €253 million in the
   prior year. In the face of this earnings decline, wienerberger maintained
   a strong focus on disciplined capital allocation as well as cash
   generation and working-capital management.

   Strategic development and portfolio transformation
   Leading European piping business
   With a 2025 contribution of €1.4 billion, Piping has become the largest
   segment of the wienerberger Group by revenue and represents a cornerstone
   of wienerberger's transformation towards infrastructure-led markets.
   Supported by structural growth drivers such as water management, climate
   adaptation, urbanization and investments in utility networks, the business
   benefits from attractive long-term demand fundamentals while providing
   further scope for acquisitions, such as NEWS Group, a leading provider of
   sustainable wastewater solutions in Sweden and the broader Nordic region,
   which we added to our portfolio in March 2026.

   Terreal creates a leading roofing and facade platform
   The acquisition of Terreal in 2024 significantly strengthened
   wienerberger's position in renovation-driven roofing solutions. By
   integrating these businesses, we established the leading European roofing
   platform with revenues of €1.2 billion in 2025, providing attractive
   synergy potential and supporting the Group's transformation towards
   structurally more resilient revenue streams. In parallel, wienerberger
   continues to invest in additional roof-tile capacity in selected Central
   European markets and the UK by enhancing its position in concrete tiles.

   Italcer strengthens renovation exposure
   The acquisition of a majority stake in Italcer represented another
   important milestone in wienerberger's strategy to increase its exposure to
   renovation-driven and less cyclical end markets. Beyond its immediate
   earnings contribution and attractive margin profile, Italcer provides a
   scalable platform for further growth in the European and international
   tile markets and supports the Group's long-term buy-and-build strategy.
   Since completing the acquisition at the end of April, Italcer has already
   contributed significantly to Group EBITDA performance and is progressing
   in line with our expectations. This performance has been achieved despite
   continued volatility in important markets such as North America and the
   Middle East due to political and macroeconomic instability. Overall, the
   EBITDA contribution from changes in scope amounted to more than €16
   million in Q2 26.

   Beyond its financial contribution, Italcer reinforces wienerberger’s
   strategic positioning as a provider of innovative and sustainable building
   solutions. The company has established itself as a technology leader in
   sustainable ceramic manufacturing, pioneering innovations such as
   industrial-scale electric kilns, renewable energy and carbon capture
   technologies that support the decarbonisation of ceramic production.

   Accelerating Fit for Growth initiatives
   In response to the continued market weakness in new residential
   construction, wienerberger is intensifying measures under its Fit for
   Growth program. The program focuses on optimization and efficiency
   initiatives across operating costs, capital expenditure and working
   capital management.

   Management expects to accelerate incremental cash savings during the
   second half of 2026 while maintaining strict capital discipline and
   preserving strategic flexibility for future growth opportunities.

   Outlook for 2026
   Based on current market conditions, wienerberger expects renovation and
   infrastructure activities as well as the contribution from acquisitions to
   continue performing broadly in line with the assumptions underlying the
   Group’s guidance at the beginning of the year. Furthermore, management has
   acted decisively to mitigate short-term volatility in input costs,
   particularly energy and plastic granulates. Measures implemented to offset
   cost inflation, including targeted price increases, will be fully
   reflected in earnings during the second half of 2026.

   However, residential new-build markets, particularly in the United States,
   Canada, and the United Kingdom, have remained significantly weaker than
   anticipated and represented a substantial headwind to performance in the
   first half of the year. Given persistent affordability constraints,
   elevated financing costs, and continued economic and geopolitical
   uncertainty, management expects residential construction activity to
   remain subdued over the coming quarters. Compared with the assumptions
   underlying the Group’s initial guidance for 2026, the weaker-than-expected
   development in residential new-build markets is estimated to adversely
   impact Group EBITDA by approximately €100 million in 2026, of which around
   €40 million was incurred in the first half of the year. As a result, we
   currently expect operating EBITDA for the Group to amount to approximately
   €700 million in 2026.

   While the recovery in residential new-build markets is taking longer to
   materialize than initially anticipated, wienerberger continues to benefit
   from a structurally more diversified and resilient portfolio. The Group’s
   transformation towards renovation, infrastructure, and other less cyclical
   end-markets, combined with disciplined cost management, operational
   excellence initiatives, and ongoing optimization measures, provides a
   solid foundation to navigate the current market environment and support
   long-term value creation.

   wienerberger will publish its final 2026 half-year results on Wednesday,
   August 12, 2026.

   wienerberger
   wienerberger is a leading international provider of innovative, ecological
   solutions for the entire building envelope, in the fields of new build and
   renovation, as well as infrastructure in water and energy management. With
   more than 20,000 employees worldwide, wienerberger's solutions enable
   energy-efficient, healthy, climate-friendly, and affordable living.
   wienerberger is the world’s largest producer of bricks and the market
   leader in clay roof tiles in Europe as well as concrete pavers in Eastern
   Europe. In pipe systems (ceramic and plastic pipes), the company is one of
   the leading suppliers in Europe and a leading supplier of facade products
   in North America. With its more than 200 production sites, wienerberger
   generated revenues of €4.6 billion and an operating EBITDA of approx. €754
   million in 2025.
    
   For further information, please contact:
   Claudia Hajdinyak, Head of Corporate Communications Wienerberger AG
   t +43 664 828 31 83 | [email protected]
    
   Therese Jandér, Senior Vice President Investor Relations Wienerberger AG
   t +43 1 601 92 - 10221 | [email protected]

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   21.07.2026 CET/CEST This Corporate News was distributed by [1]EQS Group

   View original content: [2]EQS News

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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:      [email protected]
   Internet:    www.wienerberger.com
   ISIN:        AT0000831706
   Listed:      Vienna Stock Exchange (Official Market)
   LEI Code:    529900VXIFBHO0SW2I31
   EQS News ID: 2368770


    
   End of News EQS News Service


   2368770  21.07.2026 CET/CEST

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