Stable results for Egger

Despite the particularly challenging time, the Egger Group is reporting eleven successful months and thus a stable business development overall for the financial year 2019/2020. The wood-based material manufacturer generated revenue of EUR 2,831.5 million and an Ebitda margin that was 15.0 % higher than the same period last year.

The company has raised its production capacity to a new record of 8.9 million cubic metres of wood-based materials and timber and is also continuing a phase of very high investment activity in the current financial year.

After a very positive business development in the first eleven months, the effects of the corona pandemic have slightly dampened this trend. While sales in Western Europe declined over the entire financial year, sales in Central Europe increased slightly and in the Eastern European, American and overseas markets in some cases substantially, compared to the previous year.

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