The Egger Group records increased sales and earnings

The wood-based materials manufacturer was able to increase the Group’s turnover by 3.4 percent to reach 2.34 billion Euro during the 2015/2016 financial year (30th of April 2016). The Egger Group Management presented the company’s positive development on the 28th July 2016 at the headquarters in St. Johann in Tirol. The Ebitda (result before interest, taxes and depreciation) increased by 9.8 percent to 349.6 million Euro. All key indicators experienced a positive development. The Ebitda margin exceeded previous years’ levels at 14.9 percent. The family business continues to enjoy a good credit rating thanks to a high equity ratio of 38.9 percent. Following the comprehensive expansion of the Russian Gagarin plant, the Group now has approximately 7800 employees in its 17 plants.
For the fifth time in a row, the Egger Group reached a new level in its annual results, confirming its consistent investment and innovation strategy. The wood-based materials manufacturer was able to profit from slightly positive economic developments, the recovering demand for construction services in Europe, as well as stable raw material prices.