Egernsund Wienerberger Production A/S

Beskrivelse af virksomhedens væsentligste aktiviteter

The principal activities of the company
Egernsund Wienerberger Production A/S is producing facing bricks and lintels.
Egernsund Wienerberger A/S is parent company for Egernsund Wienerberger Production A/S. Egernsund Wienerberger Production A/S is selling all products to Egernsund Wienerberger A/S which is selling and marketing the products on the market. Egernsund Wienerberger A/S is a part of Wienerberger AG in Vienna, Austria, and is listed on the Austrian stock exchange. Wienerberger is a leading international provider of smart solutions for the entire building envelope in construction and renovation as well as infrastructure for water and energy management.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

Development in activities and financial matters
On 3rd of April 2023 Egernsund Wienerberger Production A/S acquired the 4 companies: Strøjer Ler A/S, Strøjer Tegl A/S, Strøjer Ejendomme A/S og Strøjer Tegl Systems A/S. The newly acquired companies are merged with Egernsund Wienerberger Production A/S with retroactive effect 1 Janaury 2023, with Egernsund Wienerberger Production A/S being the continuing company. The acquisition of Strøjer Tegl strengthen Wienerberger’s customer offering in the Nordics and provide opportunity for growth in sustainable facade solutions and is fully in line with our growth strategy. Gross profit is 128,7 mio kr. and profit before tax is -7,5 mio. kr. The background for the result is a challenging market, acquisition of Strøjer Tegl and related one-off and integration expenses with an amount of 15 mio. kr.
Capital structure The company's balance sheet shows total asset of DKK 406.590 t kr. and positive equity of 245.812t kr.

Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning

Events occurring after the end of the Financial year
After the end of the financial year, there have been no events of material significance to the company’s financial position and result.

Beskrivelse af virksomhedens forventede udvikling

The expected development
For 2024, we aligns with the overall trends seen in the market. We expect to see persistently higher inflation and a continuation of the previous year’s higher financing costs. With mortgages being more expensive than in the past years, we expect to see an effect on the building activity. High energy prices and focus on more energy efficient housings will again lead to an increasing focus on the renovation of buildings. We therefore expect to see continued lively activity in the renovation segment and generally stable to slightly decreasing market development for housing. We will remain true to our value-creating growth strategy and continue to focus on innovation and expanding our portfolio of sustainable system solutions. We are continuing our proven forward buying strategy for energy throughout the Group. We expect the current unstable geopolitical situation to continue and do not foresee any short-term significant easing of the central banks’ interest rate policies. We expect 2024 to be a challenging year because of the general market situation and result before tax is expected to be in line with result from 2023. We expect the current unstable geopolitical situation to continue and do not foresee any short-term easing of the central banks’ interest rate policies. Result is expected to be in the range of 5-10 mio. DKK