The EGGER Group closed the first half of its 2024/2025 financial year (reporting date 31 October 2024) with consolidated sales of EUR 2.1 billion (–0.2 % as compared to the previous year). The current economic situation is characterized by the challenging situation in the construction industry, a generally weak consumption, major global conflicts and turbulence in economic policy. As an internationally active family company, EGGER is feeling the effects of this context on its own business, however, is able to report a stable development in the first half of 2024/2025.
Thomas Leissing, Chief Financial Officer EGGER Group and Speaker of the Group Management: “When navigating particularly turbulent and challenging times, it is crucial that we can rely on our strong foundations. We are and always will be a family business, this is clearly anchored in our strategy. Our long-term focus is on the sustainable development of the company over generations. This enables us to utilize opportunities and continue to invest in our plants even in difficult economic times. Together with our more than 11,000 employees, we will also master this difficult market context well."
Tense demand
In the first half-year 2024/2025, the EGGER Group generated sales of EUR 2,093.5 million (–0.2% as compared to the first half-year 2023/2024) and an EBITDA of EUR 320.3 million (+7.0% as compared to the previous year). The EBITDA margin is 15.3%, the shareholder’s equity ratio is at the high level of 42.5%.
Investments and product innovations
EGGER is continuing to pursue its long-term investment strategy even in this challenging market environment. Investments totalled EUR 218.4 million in the first half of the year. These focused on capacity expansion and a further increasing sustainability performance. EGGER was able to initiate a number of measures in climate protection with the target of Net Zero by 2050.
The Decorative Collection 24+ for furniture and interior design has already been well received by the market, and the new Flooring Collection 25+ will be available from specialist distributors and DIY stores from January 2025. Innovations in the area of structural building products respond to the increased demand for sustainable wood construction solutions, above all the EGGER EcoBox.
Cautious outlook for the 2nd half of the year
The macroeconomic outlook remains subject to great uncertainty and will continue to be strongly characterised by the current challenges. As a result, the EGGER Group's revenue and earnings expectations for the second half of the 2024/2025 financial year remain cautious. With its own solid financial base, long-term, successful relationships with customers and suppliers, the productivity advantages built up over many years at the plants and, above all, the strong and reliable commitment of its more than 11,000 qualified and motivated employees, EGGER believes it is well equipped to meet the challenges ahead. The EGGER half-year financial report for 2024/2025 is now available online.