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Sales climbed for wood based panels supplier Egger in the UK last year, reflecting improving conditions in the British cabinet furniture sector. Profits also rose sharply.


Year to end April revenue increased by 5.7 per cent to £233.9m for the Austrian company’s principal UK arm*, one of the key cogs in the UK case goods supply chain.


Gross margin ratcheted up 460 basis points to 16.1 per cent, with the company’s EBITDA rising 58.4 per cent to £30.2m. Pre-tax profits for the Hexham based business more than trebled to £15.2m.


Directors said current market conditions were more positive, but cautioned that the UK remained in a state of recovery. It also cited upward price pressures on timber resulting from biomass industry demand for wood.


Egger has since posted half year 2015–16 numbers for its worldwide business. It said six months sales to end October 2015 rose 2.7 per cent to €1.19bn, with half year EBITDA flat at €172.2m


* figures from the accounts of Egger (UK) Ltd