EGGER Group reported consolidated sales of €2.1 billion for the first half of the 2024/2025 financial year, despite facing headwinds from global conflicts, economic volatility, and declining demand in the construction sector. The company’s ongoing focus on sustainable development and strategic investments helped it maintain profitability, with EBITDA increasing by 7% year-on-year. Notably, EGGER continued its long-term growth strategy with investments totaling €218.4 million, supporting plant expansions and upgrades, including new equipment for production at its Barony and Wismar plants.
Despite a slight decline in sales from its wood construction and flooring segments, EGGER’s decorative products segment, which includes furniture and interior design materials, saw a positive uptick, driven by strong demand across Western and Eastern Europe and the successful integration of its newly acquired plants. However, the company acknowledged the uncertainty in the global macroeconomic environment, particularly in the construction industry, where price pressures and subdued demand are expected to persist.
Nevertheless, EGGER remains optimistic, drawing confidence from its solid financial standing, long-term customer relationships, and its continued investment in capacity expansion to weather the storm in the latter half of the 2024/2025 financial year. With its strong financial base and commitment to growth, the company is poised to manage future challenges.
