Egger Group has reported a 9.7% growth in EBITDA to €541.3m for the 2024/25 financial year, despite challenging markets.
The company said it as bucking the trend with its solid financial performance, coupled with significant investment plans in capacities – particularly the €200m spend on the Markt Bibart particleboard plant in Germany.
Egger generated a group-wide annual turnover of €4.13bn, -0.1% down on the previous year, with the company citing economic downturn, weak construction sector, global conflicts and uncertainties as the challenges faced during the period. EBITDA margin was 13.1% (previous year: 11.9%). At 42.8%, the equity ratio remains at a high level.
“Although we would like to see a more ambitious development, we can be really satisfied given the economic environment,” said Thomas Leissing, Chief Financial Officer EGGER Group and Speaker of the Group Management.
“Stability in such volatile times is a significant achievement. We would like to thank our 11,860 employees for this. Our global team proves once again that Egger is not only crisis-proof but even uses crises as an opportunity.”
The Decorative Products division (products for furniture and interior design) generated an unconsolidated turnover of €3.647bn (+0.5% compared to the previous year), while the Building Products division’s (products for wood construction and flooring) turnover totalled €705.4m (+0.1% compared to the previous year).
The Egger Group produced 10.8 million m3 of wood-based materials and timber in the 2024/2025 financial year (previous year: 10.4 million m3).
Egger invested €435m (previous year: €568.6m), with €200m being invested in Markt Bibart (in sustainability, upgrading and automation) by 2026. The first expansion stage is already well advanced, with the new recycled wood processing facility for chipboard production beginning operations in a few weeks.
The company reported a particularly weak development in its core markets in Western and Central Europe in the building products segment, and also in downstream decorative products. This resulted in strong price and volume competition, but Egger said it was able to hold its own in this environment.
“The markets in Eastern Europe and overseas, particularly Asia, have developed positively in the past financial year,” said Michael Egger Jr, Chief Sales Officer.
The plant in Lexington, North Carolina, USA, also delivered an improvement in earnings.
