The EGGER Group has demonstrated stable performance in the first half of its 2024/2025 financial year, ending 31 October 2024. Despite global economic challenges, including a struggling construction sector, weakened consumer spending, and geopolitical and economic volatility, the family-owned company recorded consolidated sales of €2.1 billion, a slight decrease of 0.2% compared to the previous year.
Chief Financial Officer and Group Management Spokesperson, Thomas Leissing, emphasised the company's resilience and long-term perspective. 'In turbulent and challenging times, it is vital to rely on strong foundations. As a family business with a strategy centred on sustainable growth across generations, we remain focused on utilising opportunities and investing in our plants,' he stated. Leissing also credited the commitment of EGGER's 11,000 employees for navigating the current market environment effectively.
The company reported an EBITDA of €320.3 million, a 7% increase from the previous year, with a robust EBITDA margin of 15.3% and a shareholder equity ratio of 42.5%. This strong financial position has enabled EGGER to maintain its commitment to long-term investments and sustainability efforts, even in a challenging economic climate.
During the first half of the year, EGGER invested €218.4 million in expanding capacity and improving sustainability. Initiatives focused on climate protection aim to achieve Net Zero emissions by 2050. Among its innovations, the EGGER EcoBox offers a sustainable and resource-efficient solution for timber frame construction. Additionally, the company's Decorative Collection 24+ for furniture and interior design has been well-received, while the Flooring Collection 25+ is set to launch in January 2025.
Looking ahead, EGGER remains cautious about the second half of the financial year due to persistent economic uncertainties. However, the company is confident in its ability to adapt, thanks to its solid financial base, long-standing relationships with customers and suppliers, efficient production facilities, and the dedication of its skilled workforce.
EGGER's half-year financial report for 2024/2025 is now available online, detailing its performance and strategic initiatives to address current and future challenges.
More information:
EGGER
www.egger.com