
Egger Group has reported stable development in a difficult context at the end of its first half-year ended October 31, 2024, with consolidated sales of €2.1bn (0.2% compared to a year ago).
EBITDA was €320.3m (+7.0% as compared to the previous year). The EBITDA margin was 15.3%.
The Group said the current economic situation is characterised by the challenging situation in the construction industry, a generally weak consumption, major global conflicts and turbulence in economic policy.
Despite the less than stellar market demand, Egger says it is continuing to pursue its long-term investment strategy. Investments totalled €218.4m in the first half of the year, focusing on capacity expansion and increasing sustainability performance.
Egger expressed a cautious outlook for the second half of its financial year.
“The macroeconomic outlook remains subject to great uncertainty and will continue to be strongly characterised by the current challenges,” the Group said.
“As a result, the EGGER Group’s revenue and earnings expectations for the second half of the 2024/2025 financial year remain cautious.”