Crisis-proof: EGGER Group closes 2020-21 business year with 3.08 billion euro ($3.64 billion) in revenue
Global sales growth thanks to new production capacities and special situation in the construction and furniture sector
With the close of the EGGER Group's business year on April 30, the wood-based materials manufacturer looks back on a special situation for the past twelve months. After pandemic-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 onward, which has remained at an exceptionally high level to this day. In order to be able to meet this demand, production capacities are being maximized at all EGGER plants and record quantities are being produced.
The EGGER Group Management with Walter Schiegl, Thomas Leissing and Ulrich Bühler (from left) reports a strong increase in demand and a continuing special situation.
Overall, EGGER reports a stable development of its key indicators for the business year 2020-21: The Group generated revenue of 3,082.8 million euro (+8.9 %on the previous year) and EBITDA of 622.3 million euro (+46.6% on the previous year). The EBITDA margin is 20.2% (previous year 15.0%) and the equity ratio is 42.0% (previous year 37.9%).
“This clear development shows that at EGGER, on the one hand, we have coped well with the challenges of the pandemic, and at the same time, we have also made very good use of the opportunities that have arisen in our industry. In addition, the new plant in Biskupiec, Poland, in particular made a significant contribution to the increase in earnings," said Thomas Leissing, Spokesman of the Group Management and responsible for Finance, Administration and Logistics.
Record production volume
Around 10,400 employees at 20 production sites worldwide have contributed to these results and to a new record production quantity of 9.6 million m3 of wood-based materials and timber in this challenging business year. A milestone in the past business year was the commissioning of the 20th plant in Lexington, N.C. - the first EGGER plant in North America. Despite the difficult conditions and the ongoing special situation, the plant was able to go into operation on schedule in September 2020.
Optimistic outlook for 2021/2022
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 positive development in the 2021-22 business year.
The EGGER Annual financial report 2020/2021 is online!
To the report