Wienerberger (WIE) CMD 2026 Presentation summary

Strategic transformation and growth initiatives

• Executed a decade-long transformation, shifting from product-driven to solution-led growth, with over 50% of revenues now from acquired businesses and a significant focus on renovation and infrastructure markets.

• Increased share of system solutions in revenues from 15% in 2021 to 32% in 2025, emphasizing integrated solutions for differentiation and pricing power.

• Innovation rate rose, with over 34% of 2025 revenues from innovative products, targeting over 35% in 2026.

• Strengthened positions in roofing, piping, and renovation, with active M&A and organic growth strategies, including the acquisition of Italcer to boost the renovation segment.

• Italcer acquisition structured in two steps, with immediate margin accretion and synergized EBITDA potential exceeding €100 mn.

Financial performance and capital allocation

• Delivered strong 2025 results: €4.6 bn revenues, €754 mn operating EBITDA, €474 mn free cash flow, and profit after tax of €168 mn, more than doubling EPS year-on-year.

• Maintained a resilient balance sheet, reducing net debt to €1,637 mn and leverage to 2.2x, with disciplined CAPEX and strong liquidity reserves.

• Free cash flow increased by 14% in 2025, supported by working capital inflows and lower taxes.

• Dividend proposal of €0.95 per share for 2025, with a payout ratio of 28% of free cash flow, complemented by a €30 mn share buyback.

• Capital allocation policy prioritizes self-funded growth, value-accretive investments, and stable shareholder returns, with 16 years of growth achieved without capital increases.

Sustainability and operational excellence

• Launched an ambitious Sustainability Program 2023-2026, targeting a 25% reduction in CO₂ emissions (scope 1 & 2) and 10% in scope 3 by 2026, with 15% renewable energy use and 100,000 trees planted.

• Over 80% of sales from highly durable products and 90% of products sold are recyclable or reusable.

• Operational excellence initiatives, including the Fit for Growth program, delivered €55 mn in cost savings in 2025, with further annual savings of €15-20 mn expected.

• Continued investment in decarbonization, digital manufacturing, and capacity optimization to support sustainable growth.