EGGER Group acquires Rauch chipboard plant
The EGGER Group continues its growth course and takes over the plant in Markt Bibart (DE). The purchase agreement was signed on 8 September 2023.
EGGER Group closes financial year with revenue of EUR 4.45 billion in an extremely volatile environment
The EGGER Group looks back on an extremely volatile financial year 2022/2023. The business environment was characterised by sharply rising interest rates, high inflation, declining new construction figures, highly volatile raw materials and energy markets, as well as geopolitical uncertainties. Despite these challenges, the EGGER Group can report a stable development.
Awards for the EGGER Group's sustainability performance
Sustainable management is a significant component of the EGGER Group's corporate behaviour. The company has aspired to act sustainably since its founding. A key requirement is the continuous improvement of its own sustainability management. EGGER has itself therefore regularly assessed by external institutions. EGGER was recently able to achieve two awards in sustainability ratings: Prime status in the ISS ESG Corporate Rating and the EcoVadis silver medal.
EGGER Group: Satisfactory company performance at the half-year mark
The EGGER Group, headquartered in St. Johann in Tirol (AT), closed the first half of its 2022/2023 financial year (reporting date 31 October 2022) with consolidated sales of EUR 2.26 billion (+14.0% as compared to the previous year). This increase in sales is primarily due to the sharp rise in costs for raw materials, energy and logistics, which led to higher sales prices. The many uncertainties and crises and their effects on the energy and raw material markets, as well as massive inflation and the resulting loss of purchasing power, have caused a noticeable decline in demand. The outlook for the second half of the year is therefore reserved.
SAIB becomes part of the EGGER Group
EGGER acquires 60% of the shares in Italian wood-based materials manufacturer SAIB. Acquisition agreement closed on December 15, 2022. SAIB, based in Caorso, near Piacenza, has been one of the leading wood-based materials manufacturers in Italy for 60 years, with a strong focus on design and sustainability. For the plant with around 200 employees, the majority shareholding by EGGER opens up further growth and synergies in this globally active group of companies. With this investment, EGGER is confirming its strategy of further growth in its home market of Europe.
EGGER Group Closes Financial Year with 4.23 Billion Euros in Sales in a Challenging Environment
The EGGER Group is closing its 2021/2022 financial year in exceptionally challenging times. The ongoing COVID-19 pandemic and the dramatic developments in Ukraine are having an impact on the global energy and raw materials markets.
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EGGER Half Year Results (December 2021)
The EGGER Group, headquartered in St. Johann in Tirol (AT), closed the first half of its 2021/2022 financial year (reporting date 31st October 2021) with consolidated sales of EUR 1.98 billion (+36.5% as compared to the previous year). The special economic situation in the construction and furniture sector as well as the capacity increases of new plants contributed significantly to the result.