The wood-based material manufacturer closed the 2019-20 financial year with 2.83 billion euro ($3.09 billion) in sales (-0.4 %) and EBITDA of 424.4 million euro (-0.1 %).
Record sum invested
The EGGER Group is continuing with its guiding principle of "sustainable growth based on our own performance", and is still in a phase of very high investment activity, with a record investment sum of 531.4 million euro in the 2019-20 financial year.
“We are satisfied with our business development from May 2019 to March 2020. We have responded quickly to the challenges of the coronavirus pandemic and the restrictions imposed to fight it,” said Thomas Leissing, spokesman for group management, overseeing finance, administration and logistics. “The economic effects of these factors are only reflected in our 2019-20 financial year for one month.”
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 stable development in the 2020-21 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 (Poland), and the start of production in Lexington, N.C. (United States) will all make significant contributions.