As an Austrian, I am always interested in Austrian companies. Wienerberger has done reasonably well given the situation in the construction sector. But the first three quarters of 2023 were sobering compared to the first three quarters of 2022.
Turnover -15%
EBITDA-22%
Free cash flow from +350mio to -8.5mio
Net debt +26%
https://www.wienerberger.com/content/dam/corp/corporate-website/downloads/investors-downloads/2023/2023-wienerberger-Q3-2023-Bericht_DE.pdf
I'll see how the situation in the construction sector develops in view of the interest rate situation.
Have you also taken a look at Strabag $STR? It is quite broadly positioned through building construction and civil engineering and is definitely interesting for dividend friends👈
Turnover -15%
EBITDA-22%
Free cash flow from +350mio to -8.5mio
Net debt +26%
https://www.wienerberger.com/content/dam/corp/corporate-website/downloads/investors-downloads/2023/2023-wienerberger-Q3-2023-Bericht_DE.pdf
I'll see how the situation in the construction sector develops in view of the interest rate situation.
Have you also taken a look at Strabag $STR? It is quite broadly positioned through building construction and civil engineering and is definitely interesting for dividend friends👈
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@TomTurboInvest I would rather take $PHM into my portfolio next
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@Doe I never had them on my radar... although I've already covered the US market enough anyway.
I'm not a dividend investor, but in terms of dividends and dividend growth, Strabag is not to be sneezed at... But everyone has their own preferences 😀
I'm not a dividend investor, but in terms of dividends and dividend growth, Strabag is not to be sneezed at... But everyone has their own preferences 😀
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