EQS-News: Full Year 2025 with strong profit increase – wienerberger further strengthens its renovation solutions business with the acquisition of Italcer

EQS-News: Full Year 2025 with strong profit increase – wienerberger further strengthens its renovation solutions business with the acquisition of Italcer

EQS-News: Wienerberger AG / Key word(s): Takeover/Annual Results
Full Year 2025 with strong profit increase – wienerberger further
strengthens its renovation solutions business with the acquisition of
Italcer

24.02.2026 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

══════════════════════════════════════════════════════════════════════════

Full Year 2025 with strong profit increase

wienerberger further strengthens its renovation solutions business with
the acquisition of Italcer

• FY 2025: Profit after tax doubled to €168 million, earnings per share
rose to €1.52 and free cash flow reached the second-highest level in
the company’s history at €474 million
• Outlook 2026: Slight improvement in operating EBITDA expected despite
continued market volatility (excluding acquisition)
• Next step in growth strategy: wienerberger has signed an agreement to
acquire Italcer Group, a leading export-oriented producer of high-end
ceramic solutions for floors, walls and façades with production
facilities in Italy and Spain
• The acquisition strengthens wienerberger’s position in the growing
renovation segment, serves as a new growth platform and is expected to
contribute midterm more than €100 million to Group EBITDA

Vienna, February 24, 2026 – In the financial year 2025, wienerberger once
again demonstrated the strength of its business model in a challenging
macroeconomic environment. Despite a sharp decline in new residential
construction across most European and North American markets, the Group
increased revenues year-on-year to €4.6 billion (2024: €4.5 billion) and
achieved its earnings outlook with an operating EBITDA of €754 million
(2024: €760 million) and a margin of 16.5% (2024: 16.8%).

Earnings after tax doubled to €168 million (2024: €84 million), while
earnings per share increased significantly from €0.72 in 2024 to €1.52 in
2025. The free cash flow reached the second-highest level in the company’s
history at €474 million compared to €417 million in the previous year.

Supported by stable infrastructure and roofing markets as well as strict
cost discipline, wienerberger further reduced net debt and improved its
leverage ratio to 2.2 at year-end 2025 (2024: 2.3). A strong free cash
flow was a key priority in this challenging environment and provides a
solid foundation for continued strategic flexibility.

More information can be found in the Full Year 2025 report: [1]Our latest
results – Always up to date

Outlook 2026: Resilience and disciplined growth

For 2026, wienerberger expects continued geopolitical instability and
ongoing macroeconomic volatility, with no structural recovery in new
residential construction and no broad market rebound anticipated. Against
this backdrop, the Group guides for a slight improvement in operating
EBITDA to around €760 million in FY26 (2025: €754 million). However, the
first half of 2026 will be particularly impacted by the extremely long and
cold winter across all markets. wienerberger expects a corresponding
market recovery starting in summer 2026. This development is supported by
market-driven effects, inflation compensation and the continued execution
of the “Fit for Growth” program, partly offset by FX and energy one-offs.

Strategically, wienerberger will focus on three clear priorities in 2026:
outperforming its markets, generating free cash flow, and expanding its
earnings base. This disciplined approach underlines the Group’s commitment
to organic growth, value creation and sustainable profitability despite
challenging market conditions.

Next step in growth strategy: Strengthening renovation solutions through
Italcer

wienerberger has signed an agreement to acquire the Italcer Group, a
globally active producer of ceramic solutions with manufacturing hubs in
Italy and Spain.

Italcer: Outperforming markets with a strong decarbonization focus

Italcer is a multi-brand specialist focusing on the premium and luxury
segments and generates annual revenues of approx. €350 million. The
transaction is fully value‑accretive, supported by Italcer’s strong EBITDA
margin of above 20%.

Italcer adopts sector‑leading sustainability practices and was the first
European wall and floor tile producer to operate a 100% electric kiln.
This is in line with wienerberger’s efforts to decarbonize the
construction industry, as demonstrated by the commissioning of the world’s
first electric kiln for brick production in Uttendorf, Austria, in
November 2024.

Strengthening renovation solutions

The transaction expands wienerberger’s portfolio into the attractive
premium façade systems market, strengthens its position in the European
renovation segment in line with its diversification strategy, offers clear
operational and sustainability synergies, and comes with a highly
attractive financial profile.

For wienerberger, the acquisition of Italcer is complementary to its
existing business and offers unique growth opportunities, especially in
the area of renovation where demand is on the rise. As part of its
value-accretive growth strategy, wienerberger has continuously
strengthened its position in this area through targeted acquisitions, such
as the takeover of Terreal in the roofing segment in 2024. The acquisition
of Italcer is wienerberger’s successful next step in executing this
strategy, as its high-end ceramic solutions allow the company to further
enhance its scope along the building materials value chain.

Well positioned to capture market recovery

In the mid- to long term, this transaction and in particular Italcer’s
portfolio of façade applications will allow wienerberger to meet rising
demand for solutions for the entire building envelope when market recovery
picks up.

As a global multi-brand specialist, Italcer generates 75% of its revenues
internationally, providing a diverse portfolio of high-end ceramic
solutions from extra-small tiles to large slabs to markets around the
world. That makes it a perfect fit for wienerberger’s strategy of
championing shifting market dynamics. This approach has allowed both
companies to deliver strong results in their international operations
despite global macroeconomic challenges.

Heimo Scheuch, CEO of wienerberger, says: “wienerberger has a clear growth
strategy as we proactively enhance our exposure to growth markets. The
acquisition of Italcer will support this strategy by growing our offer in
the renovation and new build segments and by enhancing our solutions
offering for the entire building envelope especially in the facing brick
solution market. In addition, Italcer’s innovations in decarbonizing the
ceramic sector will actively contribute to our ambitions in leading
ecological change in the construction industry, helping to shape a
sustainable future for generations to come.”

Graziano Verdi, CEO of Italcer Group, says: “Italcer has continuously
outperformed markets thanks to our successful strategy of focusing on
innovative, state-of-the-art solutions and industry leading service. By
diversifying our portfolio while upholding the highest standards of
quality, we always found demand in a great variety of export markets and
grew sustainably across segments. This proactive strategy gave us
resilience amidst challenging global economic conditions, which is one of
many parallels we have with wienerberger. We also share the goal of
driving the sustainable transformation of the construction industry, and
our portfolios complement each other, allowing for new holistic building
solutions. As a highly reputable and innovative company with clear
ambitions and a proven track-record, we look forward to developing our
activities on the wienerberger growth platform.”

Graziano Verdi, CEO Italcer Group, will remain with the company and
continue to drive the business forward.

About Italcer

The Italcer Group is a leading multi-brand specialist operating in the
high-end design surfaces space, manufacturing top-quality outdoor and
indoor ceramic products and employing nearly 1,200 people. Italcer has
particularly been active in the small and extra-small tiles as well as in
the slabs segments, experiencing significant growth.

Transaction Details

The transaction should be completed in the second quarter of 2026 and
remains subject to approval by relevant competition authorities and the
satisfaction of other conditions typical for a transaction of this nature.
In a first step, wienerberger will acquire 50% plus 1 share from Mindful
Capital Partners, Miura Partners and their co-shareholders and will hold
the option to acquire the remaining shares in the first half of 2027. The
acquisition will be financed by cash-on-hand and bank loans. For the time
being and until final approval by competition authorities, Italcer will
continue to operate its business completely separately.

The takeover of Italcer is expected to generate strong synergies across
the business, spanning the entire value chain from raw materials and
production to technology, innovation and market access.

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 | claudia.hajdinyak@wienerberger.com

Therese Jandér, Senior Vice President Investor Relations Wienerberger AG
t +43 664 780 02757 | investor@wienerberger.com

══════════════════════════════════════════════════════════════════════════

24.02.2026 CET/CEST This Corporate News was distributed by [2]EQS Group

View original content: [3]EQS News

══════════════════════════════════════════════════════════════════════════

Language: English
Company: Wienerberger AG
Wienerbergerplatz 1
1100 Wien
Austria
Phone: +43 1 60 192-0
Fax: +43 1 60 192-10159
E-mail: investor@wienerberger.com
Internet: www.wienerberger.com
ISIN: AT0000831706
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2280368

 
End of News EQS News Service

2280368  24.02.2026 CET/CEST

https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2280368&application_name=news&site_id=apa_ots_austria~~

References

~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f5d50dc7e8798b6eb177f7955e598e60&application_id=2280368&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=fd5e52866f86fac9359cf45534c4f448&application_id=2280368&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at
© Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender