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Walter Schiegl, in charge of Egger's production and technology © Egger

Stable results for Egger in the 1H

Article by Birgit Fingerlos, translated by Susanne Höfler | 17.12.2015 - 17:15
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Walter Schiegl, in charge of Egger's production and technology © Egger

The Egger group, St. Johann in Tirol/AT, announced that they generated a turnover increase of 2.7% totaling € 1.19 billion in the 1H yoy (NB: the closing date of fiscal year 2015/16 was the 31st of October). Egger was able to keep the EBITDA on last year's peak value (2015: € 172.2 million; 2014: € 172.6 million). Compared to last year, the equity ratio decreased slightly from 39.7% to 38.9%.

Sales of decorative products for furniture and interior work saw an increase of 3.9%. Even though the sales volume of floorings (retail products) decreased in the 1H, the generated revenue rose 3.9% to € 168.4 million. For building products, Egger had to accept a revenue decline of 5% due to sinking prices in spite of increased OSB sales.

Walter Schiegl, head of production/technology at the Egger group, predicts a stable development of the overall economic situation for the 2H. The enterprise has high expectations for decorative products and retail products. However, as the OSB market is currently overstocked, the demand and result situation of building products sales is not expected to recover for now.