Egger Group raises EBITDA margin to 24.2%

Full utilisation of capacities, further production increases in the new particleboard plants in Biskupiec (Poland) and Lexington (North Carolina) as well as the significant price increases implemented in almost all product areas since the second half of 2020 enabled the Egger Group to achieve strong growth in turnover and results in the first half of its 2021/2022 financial year (30 April). Consolidated group turnover increased by 36.5% to €1.978bn. Egger’s turnover from May to October 2019 - prior to the outbreak of the corona crisis - had totalled €1.481bn. In the second half of the 2020/2021 financial year, i.e. from November 2020 to April 2021, group turnover had already risen to €1.633bn; this figure was exceeded by 21.1% in the subsequent period.

Of the three divisions, the strongest development was recorded for the building products division, which was reactivated on 1 May 2021; a turnover increase of 75.7% to €273.4m was recorded in this division. The decorative products division, with its four subdivisions west, central, east and Americas, rose by 34.4% to €1.597bn. For the flooring products division, a turnover increase of 23.8% to €242.2m was reported. EBITDA rose more strongly than turnover in all three divisions, leading the margins to increase accordingly.

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