AUSTRIA - Despite the challenging conditions Egger Group recorded a strong increase in sales turnover in 2021/2022 financial year.

Group-wide sales of EUR 4,234.3 million (+37.4% compared to the previous year) and EBITDA of EUR 877.5 million (+41.0% compared to the previous year) were generated. The EBITDA margin is stable at 20.7% (previous year: 20.2%).

"This increase in results shows that, on the one hand, we have coped well with the challenges of the still ongoing pandemic and, at the same time, we have made very good use of the opportunities that have arisen in our industry," says Thomas Leissing, Chief Financial Officer and speaker of the Group Management.

Egger has produced record quantities in recent months, serving strong customer demand. With 10.5 million m³ of wood-based materials and timber, the group of companies achieved a production peak. "We owe the positive development in this challenging environment above all to our approximately 10,800 employees," according to the Group Management.

The situation on the global raw materials markets is extremely challenging. Egger is also experiencing a huge increase in energy and transport costs. The increasing demand for wood is leading to an additional cost pressure.

The crisis in Ukraine, volatile commodity markets, uncertain energy supplies, the ongoing COVID-19 pandemic and rising inflation are factors that dampen the Egger Group's earnings expectations for the coming financial year.