Egger reports increased growth in annual turnover
2 September 2016Egger, the wood based materials manufacturer was able to increase the group’s turnover by 3.4% to reach €2.34bn during the 2015-2016 financial year.
The EBITDA increased by 9.8% to €349.6m. 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 350,000m3, started operations during Q1, 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.
