Profitable growth is the target of the EGGER Group. To this end, the company has a clear financial strategy and financing principles to ensure its strategic goals, which represent the framework of the financial viability and profitability of investments and management decisions.
The main focus for the strategic orientation of the EGGER company financing is the diversification of capital sources and financing instruments.
A key part of the financial strategy of EGGER as a family business is the use of generated free cash flow for investments, which ensures growth on its own strength.
The pillars of the financial strategy
EGGER predominantly uses the following three-pillar-model as sources of balanced external financing:
Bank financing: this mainly includes signing syndicated bank loans and committed credit lines (for strategic liquidity protection) with a selected number of core banks.
Capital market financing: for many years, the EGGER Group has been successfully obtaining financing via the Austrian bond market. In addition, EGGER regularly considers the possible use of other capital market instruments.
Factoring programme: claims are sold on the basis of True Sales (i.e., the factoring company becomes the owner of the sold claim).
|Maturity structure|| || || || |
|Financial liabilities |
|Residual maturity above 5 years||Million EUR||36.3||73.6||229.3||315.7|
|Residual maturity 1 - 5 years||Million EUR||603.2||768.9||531.3||507.9 |
|Residual maturity under 1 year||Million EUR||208.3||9.9||74.4||61.5|