Thursday, July 29, 2021
With the close of the EGGER Group’s business year on 30.04.2021, the company looks back on a special situation for the past twelve months. After Corona-related effects at the beginning of the business year, EGGER experienced a strong increase in demand in almost all markets from the summer of 2020 onwards, which has remained at an exceptionally high level to this day. In order to be able to meet this demand, production capacities are being utilised to the maximum at all EGGER plants and record quantities are being produced. The recent capacity increases at the new EGGER plants in Biskupiec (PL) and Lexington, NC (USA) also contributed to the positive development.
Overall, EGGER was able to record a strong increase in demand in almost all markets worldwide in this environment and increase sales compared to the previous year, in some cases significantly:
The Decorative Products Central Divisiongenerated in the last business year a turnover of EUR 930.4 million (+4.9 % compared to the previous year). At EUR 690.9 million, sales in theDecorative Products West Division were +4.2% higher than in the previous year. This division, with plants in Great Britain and France, was particularly affected by the economic downturn caused by the Corona pandemic; lower sales were recorded there in May and June 2020. However, these were made up for in the following months.
The turnover in the Decorative Products East Division rose by +10.8 % to EUR 981.8 million. The new plant in Biskupiec (PL) developed particularly positively in this division. The latest Decorative Products Americas Division increased turnover by +32.0 % to EUR 181.2 million. In addition to the Argentinean site in Concordia, this already includes turnover in North America through the newest plant in Lexington, NC (USA).
The Flooring Products Division, with turnover of EUR 552.5 million, is +25.3 % above the previous year. The Other segment has a turnover of EUR 201.5 million (+16.0 % compared to the previous year) and includes the sawmill in Brilon (DE), smaller independent divisions and Group functions.
The development of earnings in the divisions varied. In May 2020, lower results were recorded across the board due to the Corona pandemic. The Decorative Products West Division was particularly affected. Overall, all divisions were even able to exceed the previous year’s results, with the exception of the Decorative Products Americas Division due to high start-up costs for the Lexington, NC (US) site.
The Group Management is certain that EGGER will be able to continue to get through the Corona crisis in good shape with this forward-looking, sustainable approach to business. “We are well positioned as a solid family business. The EGGER Group has a modern industrial base and a solid financial structure.
Tags: Decorative Products, egger, flooring, positive
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