The Egger Group looks back on an eventful financial year 2023/2024, characterised by a fragile economic environment: Egger generated a Group-wide turnover of EUR 4.13 billion and EBITDA of EUR 493.6 million. Against this backdrop, the family business is consistently pursuing its strategy of sustainable and healthy growth.
Egger has been successfully driving forward significant strategic developments. For example, the Group added a 22nd plant in Markt Bibart (DE), acquired a minority stake in the Thai wood-based material manufacturer Panel Plus and established a pioneering climate strategy with its commitment to the Net Zero objective by 2050.
The Egger Group Management reports on the annual results. Fom left to right: Thomas Leissing, Frank Bölling, Michael Egger Jr. and Hannes Mitterweissacher.
'At the same time, we are proud that we have been holding our own in this very difficult environment. We are clearly focused on the future and are delighted to have been able to initiate far-reaching strategic developments. Thanks to our very solid financial basis and long-term strategy, even considering the fragile market situation, we are taking steps towards growth, and are growing despite the market situation,' said Thomas Leissing, Chief Financial Officer EGGER Group and Speaker of the Group Management.
Egger generated a Group-wide turnover of EUR 4,132.5 million in the 2023/2024 financial year (-7.1% compared to the previous year). EBITDA amounted to EUR 493.6 million (-18.1 % compared to the previous year) and the EBITDA margin was 11.9 % (previous year 13.5%). The equity ratio remains at a high level of 43.5%.
The overall economic outlook remains extremely cautious, characterised by fragile markets, the resulting price pressure and geopolitical crises. The turnover and earnings expectations for Egger are correspondingly cautious.
'Nevertheless, we are also very well positioned for this period of downturn. We have a solid financial basis, a long-term, sustainable strategy, successful partnerships with our customers and suppliers and, above all, the best employees. Our sincere thanks go to our more than 11,000 employees, whose daily commitment makes all the difference. Our global team also knows how to turn a crisis into an opportunity,' agree all members of the Egger Group Management.
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