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.
EGGER Group: Sales and earnings growth at half-year
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. The situation on the raw material markets was challenging.
EGGER turns 60
Since 1961, EGGER has developed from a Tirolean sawmill into one of the world's leading manufacturers of wood-based materials. The pioneering spirit of the founder, Fritz Egger sr., still characterises the company today. His sons Fritz and Michael Egger have positioned the company internationally and as a full-range supplier. On the occasion of its 60th anniversary, the family company presents a new corporate video.
Announcement: New appointments in the EGGER Group Management as of 1 May 2022
Walter Schiegl, Thomas Leissing and Ulrich Bühler jointly manage the operative business of the EGGER Group since 2009. As of 1 May 2022, there will be changes in the executive committee of the wood-based material manufacturer: After more than 20 years in the Group Management, Walter Schiegl will move to the Board of Directors. Hannes Mitterweissacher, who has also been with the EGGER Group for more than 25 years, will follow him.
EGGER Group receives awards for its sustainability performance
Sustainable management is a significant component of the EGGER Group's corporate strategy. These efforts are also reflected in the assessment by external institutions. EGGER was able to achieve two awards in sustainability ratings: Prime status in the ISS ESG Corporate Rating and the EcoVadis silver medal.
Crisis-proof: EGGER Group closes 2020/2021 business year with EUR 3.08 billion turnover
With the close of the EGGER Group's business year on 30.04.2021, the company looks back on a special situation for the past twelve months. After Corona-related effects at the beginning of the business year, EGGER experienced a strong increase in demand in almost all markets from the summer of 2020 onwards, which has remained at an exceptionally high level to this day.
EGGER Group establishes new Building Products Division
Renovation pressure and densification in urban areas, a shortage of skilled workers in the trades and resource issues mean both potential and challenge for the industry. EGGER is responding to this with its own organisational unit, the EGGER Building Products Division. It is led by CEO Ulrich Weihs.
Stable sales and earnings growth at half-year
The EGGER Group, headquartered in St. Johann in Tirol (Austria), closed the first half of its 2020-21 financial year (reporting date Oct. 30, 2020) with consolidated sales of 1.45 billion euros ($1.69 billion), a change of -2.1 % as compared to the previous year.
Enhanced cooperation: EGGER to acquire minority stake in CLEAF
CLEAF and EGGER, two manufacturers globally active in the sector of surface materials for furniture and interior design, enhance their cooperation, as already announced: With the signing of the acquisition agreement on 9.9.2020 and expected closing in November, the Austrian EGGER Group will acquire a 27.5% stake in the Italian CLEAF.
Start of production at the 20th EGGER plant in Lexington, North Carolina, USA
After a two-year construction period a big milestone has been reached: the EGGER Group has started production at the new wood-based materials plant in Lexington, North Carolina, USA. This is the 20th plant of the globally active family company and the first EGGER plant in North America. The investment amounts to around 440 million euros. The new location creates 400 new jobs.
Positive mood at EGGER: Stable results for the year 2019/2020 and optimistic outlook
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 %).