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EGGER Group records substantial growth in annual turnover

 Monday, August 8, 2016

EGGER logoThe wood-based materials manufacturer was able to increase the Group’s turnover by 3.4% to reach 2.34 billion Euro during the 2015-2016 financial year.

 
The EGGER Group Management presented the company’s positive development on the 28th July 2016 at the headquarters in St. Johann in Tirol. The EBITDA (result before interest, taxes and depreciation) increased by 9.8 % to 349.6 million Euro. All key indicators experienced a positive development. Following the comprehensive expansion of the Russian Gagarin plant, the Group now has approximately 7,800 employees in its 17 plants.

 
The expansion of the Gagarin location (Russia) was the largest investment. The ultra-modern MDF/HDF production facility, with an annual capacity of 350,000 m3, started operations during the first quarter of 2016. A flooring production line, lamination and finish lines, storage and administrative surfaces, as well as a biomass facility were also built.

 
The Group employee numbers also increased with the new production facilities. During 2015-2016, EGGER had 7,785 employees, an increase of 5.5%. There are currently 240 trainees/apprentices across the Group.

 
The turnover percentages of the three EGGER divisions – Decorative Products, Retail Products and Building Products – for 2015-2016 remained largely the same as in the previous year, while all three divisions were able to increase their revenue.

 
The Decorative Products division (Furniture and Interior Design) obtained a turnover of 1,865.9 million Euros. As compared to the previous year, this represents an increase of +3.3%.

 
The revenue of the Retail Products (Flooring) division also grew as compared to the previous year to reach 331.2 million Euros.

 
The revenue of the Building Products (OSB and Timber) division also grew by +2.9% as compared to the previous year to reach 287.8 million Euro in the 2015-2016 financial year. Approximately 65% of the revenue of this division was obtained with OSB rawboards.

 
For the current financial year, which started in May, the EGGER Group is once more looking (in general) at a positive business development. A stable economic situation and steady consumption are forecast, particularly for the Western European sales markets.

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