AUSTRIA - The Egger Group closed the first half of its 2021-22 financial year with consolidated sales of EUR 1.98 billion (USD 2.24 billion) an increase of 36.5% as compared to the previous year.

Special economic circumstances in the construction and furniture sector as well as capacity increases of new plants contributed significantly to the result. Raw material markets, however, created challenges.

The coronavirus pandemic and its effects on the economy and society were also decisive factors for the Egger Group in the first half of the 2021-22 financial year. The special situation in which the industry has found itself since summer 2020 remained in place. The strong increase in demand continued.

During the first half-year 2021-22 the Egger Group was able to generate sales of EUR 1,978.1 million  and an EBITDA of EUR 478.6 million (+62.9% compared to the previous year). This result reflects the high level of demand. The new Egger plants in Biskupiec (Poland), and in Lexington, NC (USA), contributed significantly to the increase in sales and results. In addition, the product mix was optimized in all plants. The building products product area in particular recorded disproportionate growth.

Since the beginning of the year, the supply situation on the global raw materials markets has become increasingly tense – a dynamic that has intensified considerably in recent months. This applies in particular to the chemical raw materials needed for wood-based materials, edging and surface production.

Despite continued uncertainties due to the coronavirus pandemic, the overall outlook for the second half of the 2021-22 financial year is positive.