Wood-based materials specialist reports significant revenue increase due to strong product demand and record production, combined with price increases necessitated by cost pressures.
ST. JOHANN IN TYROL, AUSTRIA (July 29, 2022)— EGGER Group is closing its 2021/22 financial year in exceptionally challenging times. The ongoing COVID-19 pandemic and crisis in Ukraine are having a massive impact on the global energy and raw materials markets. High product demand is reflected in the financial figures.
EGGER reports a positive financial results and key figures for the financial year 2021/22: Group-wide sales were 4.23 billion euros ($4.3 billion), up 37.4% compared to the previous year, and EBITDA of 877.5 million euros (up 41.0% compared to the previous year) were generated. The EBITDA margin is stable at 20.7% (previous year: 20.2%), and the shareholder’s equity ratio of 50.9% is above the previous year's figure of 42.0%.
"This increase in results shows that, on the one hand, we have coped well with the challenges of the ongoing pandemic and, at the same time, we have made very good use of the opportunities that have arisen in our industry," says Thomas Leissing, Chief Financial Officer and speaker of EGGER Group Management.
The EGGER Group, headquartered in St. Johann in Tyrol (AT), closes its 2021/2022 financial year with sales of 4.23 billion euros.
EGGER has produced record quantities in recent months, meeting strong customer demand. With 10.5 million m³ of wood-based materials and timber, EGGER Group achieved a production peak. Group Management attributed the positive development in this challenging environment above all to EGGER’s approximately 10,800 employees.
The global situation on the raw materials markets is extremely challenging. EGGER is also experiencing a huge increase in energy and transport costs. The increasing demand for wood, the most important raw material for the wood-based materials producer, is leading to additional cost pressure.
The management team of the EGGER Group reports on the results for the year and challenging situations (from left): Thomas Leissing (Chief Financial Officer and Speaker of the Group Management), Hannes Mitterweissacher (Chief Technology Officer), Frank Bölling (Chief Supply Chain Officer) and Michael Egger Jr (Chief Sales Officer).
The EGGER Annual Financial Report 2021/2022 is online!