Investing.com -- Shares in Wienerberger fell as much as 4.8% on Tuesday after the building materials maker cut its 2026 operating EBITDA guidance, citing weaker-than-expected construction activity and higher energy, raw-material and logistics costs.
Wienerberger now expects full-year operating EBITDA of €640 million to €650 million. The company said additional sales initiatives, price increases and cost and efficiency measures did not fully offset higher costs in the third quarter.
The company said the seasonal recovery in construction activity after the summer holiday period was weaker than expected in September. Residential new-build activity in the UK, the United States and Canada remained under pressure, while renovation and infrastructure activity was more stable.
The weaker construction activity reduced demand and the use of production facilities across several areas of the business, Wienerberger said.
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Energy, raw-material and logistics costs also rose significantly from the end of August. The company said it had responded with additional sales initiatives, price increases and faster cost and efficiency improvements.
These measures did not fully offset the higher costs in the third quarter, although their impact is expected to build progressively.
For the third quarter, Wienerberger expects revenue of about €1.2 billion to €1.3 billion and operating EBITDA of about €170 million to €180 million.
Interim CEO Gerhard Hanke said the company had begun accelerating and enhancing its cost-optimisation measures to strengthen profitability and reduce leverage.
Hanke also said Wienerberger had started a strategic review and was developing strategic initiatives to address the challenges facing the business.
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