Moody’s Turns Wienerberger Credit Outlook Negative as Margins Slide
Moody’s moved Wienerberger’s credit outlook from stable to negative, citing weaker earnings power as the firm navigates a leadership transition and shares near multi-year lows. Q2 sales rose to EUR 1.4B, but operating EBITDA fell to EUR 230M and free cash flow dropped to EUR 83M; net debt climbed to EUR 2.4B amid weaker residential activity, especially in North America and the UK, and cost inflation.