The wood-based material manufacturer closes the financial year 2019/2020 with sales of EUR 2.83 billion (-0.4 %) and EBITDA of EUR 424.4 million (-0.1 %).
Record sum invested
The EGGER Group is thus continuing with its guiding principle of "sustainable growth based on our own performance", is still in a phase of very high investment activity, andinvested a record sum of EUR 531.4 million in the 2019/2020 financial year.
The close of EGGER Group's financial year on 30 April 2020 comes at a particularly challenging time. Overall, however, EGGER can report a stable development of its key figures for the financial year 2019 / 2020: The Group generated revenue of EUR 2,831.5 million (- 0.4 % on the previous year) and EBITDA of EUR 424.4 million (- 0.1 % on the previous year). The EBITDA margin was 15.0 %, the same as in the previous year. At 37.9%, the shareholder’s equity ratio is higher than in the previous year (36.8%). The 10,100 EGGER employees throughout the Group have made a significant contribution to this positive development.“We are satisfied with our business development from May 2019 to March 2020. We have responded quickly to the challenges of the corona pandemic and the restrictions imposed to fight it. Their economic effects are only included in our 2019/2020 financial year for one month,” explains Thomas Leissing, Spokesman for the Group Management responsible for Finance, Administration and Logistics.
Optimistic outlook for 2020/2021
Projections are currently difficult due to the lack of reliable forecasts on the development of the pandemic and possible further lockdown measures. Despite these uncertainties, EGGER anticipates a stable development in the 2020/2021 financial year. The EGGER Decorative Collection for distributors that launched in February 2020, the additional finishing capacities that were created, the further ramp-up of the plant in Biskupiec (PL), and the start of production in Lexington, NC (US) will all make a significant contribution to this.