AUSTRIA – The wood-based materials manufacturer EGGER Group was able to make the most of market opportunities of the 2014/2015 financial year which concluded at the end of April, with a turnover growth of +2.1%, to Euro 2.26 billion. 

Above all, the decorative wood-based materials sector and in particular the Great Britain, Germany, Italy and Central and Eastern Europe markets, contributed to the increase in turnover. Around three quarters (75.1 %) of the turnover generated in 2014/2015 is attributable to the Decorative Products division, which was able to increase its sales by + 4.2 % compared to the previous year. EBITDA amounted to Euro 318.4 million and was 2% higher, compared to the same period last year. The EBITDA margin was kept stable at 14.1%, which was the same as the previous year.

“Overcapacities in the laminate flooring and OSB sectors, as well as currency factors, have led to slight downturns in specific markets. Overall the positive development clearly shows that the EGGER Group is on the right course with its strategic decisions on investment and growth, as well as with product developments and innovations,” comments Thomas Leissing, Egger’s CFO, on future challenging developments.