Egger releases half year results
EGGER concludes the first half-year with sales of EUR 1.19 billion (previous year: EUR 1.16 billion); the half-year balance of 31 October 2015 showed a sales increase of 2.7%.
The EBITDA, at EUR 172.2 million Euro, was maintained at a similar level to the previous year's high of EUR 172.6 million. Equity ratio fell marginally in comparison to the previous year from 39.7% to 38.9%.
Sales for the EGGER Decorative Products division for furniture and interior design increased 3.9% as compared to the previous half-year. The increase was primarily due to the markets in the UK, Germany, Scandinavia and Spain.
Sales in the EGGER Retail Products (Flooring) division exceeded the value of the previous year period by 3.9%, with a total of EUR 168.4 million despite a continued difficult market situation.
In the EGGER Building Products division, OSB sales volume increased, but lower prices led to a sales decrease of 5.0%.
In the first six months of the current 2015/2016 business year, EGGER invested EUR 142.8 million in property, plant and equipment, as well as in intangible assets (previous year: EUR 113.6 million). EUR 35.3 million was maintenance investments, another EUR 107.5 million was used for growth investments.
Source: Egger Group/ Edited by: Panels & Furniture Asia