The EGGER Group's sales increased during the business year 2016/2017 by +1.7% to reach Euro 2.38 billion. The EBITDA increased by +4% to reach Euro 363.7 million. The EBITDA margin exceeded previous years’ levels by 15.3%, as the company said in the press release received by Lesprom Network.
The family business continues to enjoy a good credit rating thanks to a high equity ratio of 37.5 %. The quantity of rawboards, incl. timber, increased to 7.9 million m3 (+3 %), which means the full utilisation of all primary production capacities.
Positive sales developments were achieved and the market share was developed in almost all regions across the world. Despite uncertainties following the Brexit vote, the overall development in Great Britain over the past twelve months was positive.
Diminished sales and earnings are due exclusively to a weaker British Pound. The tense political and economic situation in Turkey led to lower local sales of edging, which, however, was largely compensated through exports.
EGGER is a global family company founded in 1961 in Tyrol, Austria (where its headquarters are held) that produces wood-based panel products.
