(Adds outlook, revenue)
VIENNA Feb 22 Austrian brickmaker Wienerberger
expects to further increase its core profit in the
current year, helped by demand from European and North American
house builders and public sector investments in Eastern Europe.
The world's largest brickmaker on Wednesday forecast its
2017 earnings before interest, tax, depreciation and
amortisation (EBITDA), adjusted for contributions from the sale
of non-core assets and growth projects, exchange rate effects
and structural adjustments, to increase 8.6 percent to 415
million euros ($437 million).
"The economic environment will still be characterized by a
great deal of uncertainty throughout the year," Chief Executive
Heimo Scheuch said in a statement.
The Austrian company reported a slightly bigger than
expected 9 percent increase in its 2016 core profit, helped by
accelerating demand in residential construction in Europe and
the United States. Revenue was flat at 3 billion euros, as
Wienerberger said it plans to increase its dividend payment
by 35 percent to 0.27 euro per share for 2016.
($1 = 0.9499 euros)
(Reporting by Kirsti Knolle; editing by Francois Murphy and