Egger Group shows positive outlook for the entire business year 2017/20189 January 2018
The Egger Group, headquartered in St Johann, Tirol, Austria, was able to conclude the first half-year of its financial year 2017/2018 with a consolidated turnover of €1.32bn (+11.1% compared to the previous year).
The result before EBITDA increased to €222.5m (+17.4%). The EBITDA margin increased to 16.8 % (previous year: 15.9 %).
The Egger Group now has more than 9000 employees and finds itself in a growth phase. It expects a positive development for the full financial year 2017/2018.
The first half-year of the financial year 2017/18 was marked by significant growth for Egger. The company took over a particleboard and MDF plant in Concordia, Argentina and a further step is already in preparation in the US in planning a Greenfield project in Lexington, North Carolina.
The construction of Egger’s 19th plant has already began during the last half-year in Poland. In Biskupiec, in north-east Poland, an ultramodern production plant for 650,000m3 of particleboard will be built by the end of 2018.