News | Engineered wood


Egger with stable annual results 2019/2020

In financial year 2019/2020, the Egger group generated sales of EUR 2.832 bn (minus 0.4 per cent compared to the previous year) and an EBITDA of EUR 424.4 mio (minus 0.1 per cent compared to the previous year).

After a very positive business performance in the first eleven months, it was slightly dampened by the effects of the coronavirus pandemic, the company writes in an announcement. Due to differences in the spread of the virus and the national measures to counter this, there have been regional differences in the economic impact: while there have been declines in sales - viewed over the entire financial year 2019/2020 - in western Europe, sales, according to Egger, were able to be slightly increased compared to the previous year in Central Europe and sometimes considerably increased in the Eastern European, American and overseas markets.
Stable prospects despite the coronavirus

Despite uncertainties in forecasts on the development of the pandemic and possible further lockdown measures, Egger expects a stable development in financial year 2020/2021. Although some production and sales markets are still in the midst of the crisis, according to the analysis, in most core markets, more positive developments and thus a broad stabilisation of sales and results are already emerging in almost all European markets and with all product ranges. Egger sees challenges in the slower recovery in Great Britain as well as the high inflation and currency decline of the Argentinian pesos for the Argentinian plant in Concordia.

On the reporting date of 30 April 2020, around 10 100 staff were employed, while production capacity achieved a highest level of 8.9 mio m3 for engineered wood and sawn timber, reports the company. In financial year 2019/2020, the record sum of EUR 531.4 mio was invested.

| 4 August 2020 | 12:01


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