The wood-based materials manufacturer Egger Group recorded sales of EUR 2.84 billion and adjusted EBITDA of EUR 425.0 million

Egger Group Management is satisfied with the sales of EUR 2,841.5 million achieved in the 2018/2019 financial year (+5.6% compared to the previous year) and the adjusted operating result (EBITDA) of EUR 425.0 million (-4.7% compared to the previous year). The adjusted EBITDA margin amounts to 15.0% and is thus in line with the long-term average. The equity ratio remains at the high level of 36.8% (previous year: 40.8%). The quantity of rawboards (including timber) increased to 8.8 million m3 (+3.5%), which means the full utilisation of all primary production capacities.

“What is particularly satisfying is that we were able to experience growth in all corporate divisions”, explains Thomas Leissing, spokesman for Group Management, and in charge of Finance, Administration, and Logistics.

Under the EGGER motto “Sustainable international growth”, investments in property and intangible assets as well as acquisitions of EUR 489.1 million were posted during the business year 2018/2019 (previous year: EUR 483.8 million). Of this amount, EUR 78.1 million was attributable to maintenance investments and EUR 411.0 million to growth investments. The two greenfield projects in Biskupiec (PL) and in Lexington, NC (USA), accounted for the largest investments.

EGGER anticipates sustained sales growth and stable earnings for the Group as a whole in the 2019/2020 financial year.

According to the press servise of Egger Group