The turnover of the Egger Group for the first half-year 2018/19 was able to reach Euro 1.43 billion and exceed by 8.2% the previous year’s level. The adjusted EBITDA increased by 4% to Euro 231.4 million. The adjusted EBITDA margin of 16.2% (previous year: 16.8%) is still at a good level, as the company said in the press release received by Lesprom Network.
The largest turnover increase, with 76.5 %, was registered by Egger in the furniture and interior design product segment (EGGER Decorative Products). The sales in this segment have grown in all relevant geographic markets as compared to the previous year, and reached a total of Euro 1,222.6 million (+3.8 %).
When it comes to flooring (Egger Flooring Products), the market situation remains difficult throughout Europe. Nevertheless, the volumes from the Gagarin (RU) plant increased, particularly on the Russian market. This means the division sales increased to Euro 225.3 million (4.7 %), which corresponds to 14.1% of the total turnover.
Egger reports for the first time in its half-year balance sheet the newly created segment “Others”. It includes Group functions, the sawmill in Brilon (DE), and currently the Argentinian plant in Concordia acquired in 2017. This segment has a turnover of Euro 151.1 million and currently contributes 9.4% to the Group turnover.
For the second half-year, Egger is expecting a stable development in all European markets and Russia.
