The Egger group's improved sales can largely be attributed to a higher turnout of wood-based panels in its operations in Romania and Britain © Siempelkamp

Egger slightly increases half-year sales

Article by Martina Nöstler, translated by Robert Spannlang | 18.12.2013 - 15:29

on the back of improved OSB- and particleboard turnout

Austrian Egger Group, St. Johann in Tirol, stepped up consolidated half-year sales in the period ending 31 October to € 1,137 million (2012: € 1,114 million). According the company's half-year financial report, EBITDA went up by 2% to € 159 million on last year. The profit margin remained stable at 14%, the equity ratio improved from 35.3% to 38.6%.

"Our improvements in sales and earnings are due partly to the increase in production at our OSB plant in Radauti, Romania, and partly to higher turnouts at our chipboard locations in Hexham/GB, Radauti and at the edge production plant Roma Plastik", said Thomas Leissing, spokesman of the Egger Group Management. "Until the end of the fiscal year 2013/14 we expect to see similar sales trends as in the first half – despite the uncertainty regarding further developments on the sales and commodity markets. "