The close of Egger Group’s financial year on 30 April 2020 comes at a particularly challenging time. Nevertheless, the wood-based material manufacturer is reporting eleven successful months and thus a stable business development overall for the financial year 2019/2020: The Group generated revenue of €2,831.5m (-.4% on the previous year) and EBITDA of €424.4m (-0.1% on the previous year). The EBITDA margin was 15.0%, the same as in the previous year. At 37.9%, the shareholder’s equity ratio is higher than in the previous year (36.8%).
The Egger management team retains a positive outlook in challenging times
Around 10,100 employees (as of 30.04.2020) contributed to these results during the past financial year and to a new record production capacity of 8.9m m3 of wood-based materials and timber. The Egger Group is also continuing a phase of very high investment activity and invested a record sum of €531.4m in the financial year 2019/2020.
After a very positive business development in the first eleven months, the effects of the corona pandemic have slightly dampened this trend. There were regional differences in the economic impact due to differences in the spread of the virus and the measures taken nationally to combat it. While sales in Western Europe declined over the entire 2019/2020 financial year, sales in Central Europe increased slightly and in the Eastern European, American and overseas markets in some cases substantially, compared to the previous year.
Egger's Biskupiec-Kolonia Druga factory in Poland - one its 19 plants around the world
The Division Decorative Products Centre generated in the last financial year a turnover of €886.6m (+ 2.8% on the previous year). The Division Decorative Products West, with plants in the UK and France, generated sales of €663.2m, down -7.1% on the previous year. The turnover in the Division Decorative Products East rose by +5.8% to €886.5m.
The latest division, Decorative Products Americas, increased its turnover by + 14.2% to €137.3m. In addition to the Concordia site in Argentina, this already includes market development activities in North America for the plant under construction in Lexington, NC. The Flooring Products Division, with sales of €441.0m, is -1.3% slightly below the previous year. The Other segment includes the sawmill in Brilon (DE), smaller independent divisions and Group functions and generated a revenue of €173.7m.
