Egger Group reports solid performance for the financial year

In spite of a challenging economic environment, Egger Group has revealed it generated a group-wide turnover of €4.13billion along with pre-tax profits of €541.3million. The company says that thanks to its solid financial basis, it is realising significant growth projects and investing in the expansion of further capacities and in sustainability, even in a weak market context. One of the largest projects in the industry, the €200million investment in the Markt Bibart (DE) plant, is approaching the completion of the first expansion phase. 

“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. We would like to thank our 11,860 employees for this. Our global team proves once again that Egger is not only crisis-proof, but even uses crises as an opportunity,” said Thomas Leissing, chief financial officer at the annual press conference at the headquarters in St Johann in Austria.

While Group-wide turnover in the 2024/2025 financial year was down 0.1% compared to the previous year, pre-tax profits were up 9.7%.

“Our business is closely linked to the construction sector in the respective countries. We have seen a particularly weak development in our core markets in Western and Central Europe. The weak construction industry is negatively impacting the demand for our products, particularly in the building products segment, but also downstream for our decorative products. Naturally, this weak demand resulted in strong price and volume competition. However, we were able to hold our own very well overall in this environment," said Michael Egger Jr, chief sales officer.

Looking ahead, the group said it remained 'cautious' with regard to turnover and earnings expectations, while a weak economy, subdued demand in the construction sector and challenging geopolitical conditions remain an issue. However, as and when the market recovers they believe they are ideally positioned to grow.