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Wienerberger AG: Wienerberger: First round of Employee Participation Program a success
Vienna
(pta017/25.04.2019/11:30 UTC+2)
April 25, 2019 - The Wienerberger Group has successfully concluded the first round of its Employee Participation Program in Austria. Roughly 28% of the employees eligible for participation took advantage of the opportunity to invest in the leading supplier of building material and infrastructure solutions. The volume invested totaled EUR 1,943,642. As a result of this favorable experience and the high level of interest shown in Austria, Wienerberger intends to set up employee participation plans in other countries as well.
Wienerberger turns employees into co-owners
"The high rate of participation shows that our employees believe in the strategy and the future of Wienerberger", says Heimo Scheuch, Chairman of the Managing Board of Wienerberger AG, commenting on the successful first round of the Employee Participation Program. "Our employees know the company very well. They are aware of our growth potential and know that this program enables them to benefit from the success of our company in the long term", adds Heimo Scheuch.
Wienerberger is one of the first companies in Austria to offer its employees the opportunity to invest in the company via an Employee Participation Foundation set up within the framework of the new law. In accordance with the legal provisions, the Foundation will hold the shares in trust for all employees participating in the program and will exercise the shareholders' voting rights collectively. The dividends will be credited to the employees' accounts. The next offer period for employees in Austria will start in 2020.
Wienerberger Group
Wienerberger is the world's largest producer of bricks (Porotherm, Terca) and the market leader in clay roof tiles (Koramic, Tondach) in Europe as well as concrete pavers (Semmelrock) in Central and Eastern Europe. In pipe systems (Steinzeug-Keramo ceramic pipes and Pipelife plastic pipes), the company is one of the leading suppliers in Europe. With its total of 195 production sites, the Wienerberger Group generated revenues of Eur 3.3 billion and EBITDA of Eur 470 million in 2018.
For further information please contact
Barbara Grohs, Head of Corporate Communications Wienerberger AG
t +43 1 601 92 - 10143 | communications@wienerberger.com
Klaus Ofner, Head of Investor Relations Wienerberger AG
t +43 1 601 92 - 10221 | investor@wienerberger.com
Wienerberger AG is a pure free float company, whereby the majority of shares are held by Austrian and international institutional investors. Additional information on the shareholder structure is provided under https://wienerberger.com/en/investors/share
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Emitter: |
Wienerberger AG Wienerbergstraße 11 1100 Wien Austria |
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Contact Person: | Barbara Grohs, Head of Corporate Communications | |
Phone: | +43 1 601 92 -10143 | |
E-Mail: | communications@wienerberger.com | |
Website: | www.wienerberger.com | |
ISIN(s): | AT0000831706 (Share) | |
Stock Exchange(s): | Vienna Stock Exchange (Official Trade) |