Wienerberger AG (WBRBY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and warm welcome to Vinneberg's half-year 2025 results update. Thank you for taking the time to join us today. My name is Therese Jander, and I'm pleased to be hosting this call today from London. And I'm joined here by Mr. Hermann Scheuch, our CEO and our CFO at Dagmar Steinert. We will begin with a brief presentation of the key developments in the financials, the first half year and afterwards we will open the line for questions. So with that, let me hand over to Mr. Josh. Thank you very much and also a wonderful morning from my side. We have indeed a very satisfactory set of results for the first half year of 2025. In a, I would call it rather challenging market environment, we were able to increase our turnover by 6% and this shows the receipt So these two parts have contributed throughout our geographies very nicely to this growth in revenues. On the EBITDR front, we are in line with our expectations coming in a little higher than 380 million for the first half. And this shows here again that we were working hard on our cost structures and efficiency improvements that contributed nicely to these robust margins that we were able to achieve. On another note, obviously very satisfactory, we have improved our profit after tax about 100 million, so we're a little above 100 million when you look at the profit after tax for the first half, and the earnings per share have risen to about one euro per share, so also here a very, very satisfactory performance. But let's look a little bit into the different geographies. You remember that we said at the beginning of the year that we expect interest rates cuts. We expect a better underlying market development due to this fact. Unfortunately, we have to draw your attention to whether we're overstated in...