Despite a difficult market situation, the EGGER Group has increased its turnover in 2H 2014. This was the conclusion of the half-year balance of 31 October 2014. The turnover increased, in comparison to the same period the previous year, by 2.3% to Euro 1,163 million (previous year: Euro 1,137 million). The EBITDA increased to Euro 172.6 million.

EGGER’s turnover increased by 2.3 % to Euro 1,163 million

Dec 22, 2014. /Lesprom Network/. Despite a difficult market situation, the EGGER Group has increased its turnover in 2H 2014. This was the conclusion of the half-year balance of 31 October 2014. The turnover increased, in comparison to the same period the previous year, by 2.3% to Euro 1,163 million (previous year: Euro 1,137 million). The EBITDA increased to Euro 172.6 million. The equity ratio of the family business has continued to improve to reach 39.7%, as the company said in the press release received by Lesprom Network.

With 3.7%, EGGER reached the largest turnover growth in the department Decorative Products, which sells products for furniture and interior design.

"All geographical markets, with the exception of Russia, where currency fluctuations and the crisis in Ukraine had an impact, have grown in this product area as compared to the previous year", says Thomas Leissing, Head of Finances/Management/Logistics, and spokesman of the EGGER Group Management.

The turnover decrease in EGGER Retail Products (-7.9%), which sells flooring, shows that the manufacturer of wood-based materials moves in a very challenging economic context. The company made a conscious decision to forgo unprofitable volume business. The turnover of OSB and timber for EGGER Building Products also proved to be declining (-5.4%). Decreasing demand and the price pressure for OSB marked these markets.

The company management looks confidently towards the second half-year of its financial year. "Thanks to the continued investments, we have more than 17 modern, environmentally friendly and safe plants," says Thomas Leissing. Due to the positive development in Western Europe and the key markets of Eastern Europe, EGGER is expecting for the entire financial year 2014/15 a similar turnover growth as the one registered in the first half-year.