Wienerberger Third Quarter 2023 Earnings: EPS Beats Expectations

Wienerberger (VIE:WIE) Third Quarter 2023 Results

Key Financial Results

• Revenue: €1.08b (down 15% from 3Q 2022).
• Net income: €89.4m (down 46% from 3Q 2022).
• Profit margin: 8.3% (down from 13% in 3Q 2022). The decrease in margin was driven by lower revenue.
• EPS: €0.85 (down from €1.54 in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wienerberger EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Basic Materials industry in Europe.

Performance of the market in Austria.

The company's shares are up 3.7% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Wienerberger that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.