Wood-based material manufacturer, Egger, announces stable turnover and increased EBITDA.
Egger has reported a stable financial performance for the 2024/25 financial year, navigating what it called “persistently difficult” market conditions to post Group turnover of €4.13 billion (£3.57bn) – virtually flat compared to the previous year (-0.1%).
Despite soft demand in key construction-linked markets, the Austria-headquartered company boosted its EBITDA – or earnings before interest, taxes, depreciation, and amortisation – to €541.3 million (£468.20m), a 9.7% uplift year on year, helped by ongoing efficiency efforts and gains in newer international markets.
The group, which supplies decorative surfaces and core materials widely used in KBB furniture and interior fittings, said demand from its core markets in Western and Central Europe remained weak. However, growth in Eastern Europe and Asia, as well as improved performance at its Lexington facility in the US, helped offset this downturn.
Egger’s Decorative Products segment – covering furniture and interior design materials – brought in €3.65bn (£3.16bn) in unconsolidated turnover, a modest 0.5% increase on the previous year. Meanwhile, the Building Products segment (including structural wood and flooring products) edged up just 0.1% to €705.4m (£610m).
The group confirmed it invested €435m (£376m) during the year, most of which was spent in Europe, not the UK.
Looking ahead, Egger is cautious in its outlook for 2025/26. “We are ideally positioned for a market recovery,” the group management stated. “Our clear goal for the current financial year is to maximise our capacity utilisation.”
Speaking at the group’s headquarters in St. Johann in Tirol, chief financial officer Thomas Leissing noted: “Although we would like to see a more ambitious development, we can be really satisfied given the economic environment. Stability in such volatile times is a significant achievement.”
