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Egger Group closes financial year with revenue of EUR 4.45 billion in an extremely volatile environment. Overall economic downturn brings the international wood-based material manufacturer a moderate increase in revenue and a decline in earnings.<\/span><\/p>\n Subdued expectations for the 2023\/2024 financial year<\/strong><\/p>\n The ongoing crisis in Ukraine, volatile energy and raw materials markets, persistently high inflation in key sales regions and further impending geopolitical crises, as well as the enormous challenges of climate change, are determining elements in the overall economic outlook. Egger faces additional challenges from the currency development in Argentina. The outlook for revenue and earnings development of the Egger Group is subdued. \"It is extremely difficult to make a forecast for the coming months. Nevertheless, we are convinced that we have set the right course with our strategic orientation of long-term growth based on our own performance. We continue to focus on product diversity, market diversification, stable relationships with our partners and constant innovation for our customers. In addition, we will focus strongly on further improving our sustainability performance,\" says Thomas Leissing.<\/p>\n The Egger Group looks back on an extremely volatile financial year 2022\/2023<\/strong><\/p>\n The business environment was characterised by sharply rising interest rates, high inflation, declining new construction figures, highly volatile raw materials and energy markets, as well as geopolitical uncertainties. Despite these challenges, the Egger Group can report a stable development. In the past financial year, it generated Group-wide revenue of EUR 4.45 billion and EBITDA of EUR 602.5 million.<\/p>\n \"We are pleased that we were able to conclude another successful financial year, especially in the current challenging macroeconomic situation. The last few years have been exceptional for our industry. Demand for our products was extremely high during the pandemic thanks to the accompanying cocooning effect. We are now seeing a return of our key figures to a stable and sustainable level in the long term,\" said Thomas Leissing, Chief Financial Officer and Speaker of the Group Management, at the annual press conference at the headquarters in St. Johann in Tirol (AT).<\/p>\n For the 2022\/2023 financial year, Egger reports an increase in revenue, but a decline in earnings: Thus, a Group-wide turnover of EUR 4,449.7 million (+5.1% compared to the previous year) was generated. EBITDA amounted to EUR 602.5 million (-31.3% compared to the previous year) and the EBITDA margin was 13.5% (previous year 20.7%). Thus, after the extraordinarily high demand experienced during the pandemic, the result is settling at a level that is sustainable in the long term. The equity ratio remains at a high level of 45.9%.<\/p>\n \"Our stable financial basis as well as our approach of sustainable and responsible management, which we have always lived by, provide us with stability even in a challenging situation. We were also able to successfully reach a decisive growth milestone in the past financial year. Thanks to the majority shareholding in the Italian wood-based material manufacturer SAIB, the Egger Group's 21st plant is located in Caorso (IT),\" says Leissing.<\/p>","protected":false},"excerpt":{"rendered":" Egger Group closes financial year with revenue of EUR 4.45 billion in an extremely volatile environment. Overall economic downturn brings the international wood-based material manufacturer a moderate increase in revenue and a decline in earnings. Subdued expectations for the 2023\/2024 … Continue reading