The Egger Group again set new records in its annual results for 2017/2018. The sales increased during the business year 2017/2018 by +12.5% to reach Euro 2,683.8 million, as the company says in the press release received by Lesprom Network.
The EBITDA increased by +22.6 % to reach Euro 445.8 million. The EBITDA margin exceeded previous years’ levels by 16.6 %. The family business continues to enjoy a good credit rating thanks to a high equity ratio of 40.5 %. The quantity of rawboards, incl. timber, increased to 8.5 million cubic metres (+6.5 %), 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 and most markets”, explains Thomas Leissing, spokesman for Group Management, and in charge of Finance, Administration, and Logistics, who also refers to the good overall trend in the economy: “The European construction industry is, for the first time ever, on a growth trajectory across all countries. The forecast for the global furniture industry is also good, worldwide trade is expected to grow by 4% in 2018. This has a positive impact on production in exporting countries.”
Egger is a global family company founded in 1961 in Tyrol, Austria (where its headquarters are held) that produces wood-based panel products.
