Flügger (One-pager): Poland remains the growth driver in Q3
Read the latest Flügger One-pager following its Q3'2024/25 trading update, which includes a brief description of Flügger, valuation perspectives relative to a peer group, and several key investment risks and key investment reasons.
Flügger maintained its guidance following Q3'24/25, for revenue of DKK 2,200 – 2,400m, and an adj. EBIT DKK 85-95m, which was narrowed in connection with Q2, from DKK 75-95m previously.
Overall, revenue for the first 3 quarters of the financial year amounted to DKK 1,690 million compared to DKK 1,641 million in the same period last year, corresponding to revenue growth of 3%, of which 2% points are organic growth. The growth is particularly driven by good development in the Polish market, which is now marginally larger than the Swedish market in terms of revenue, and only surpassed by the Danish market.
To learn more about Flügger, its performance YTD, and outlook for 2024/25 and beyond, read the full one-pager or join the upcoming presentation of the Q3’2024/25 results with Flügger CEO Sune Schnack, and CFO Lucas Eichild. At 13:00 25 March 2025 CET (in Danish).
Link: https://www.inderes.dk/videos/flugger-praesentation-af-kvartalsopdatering-for-3-kvartal-202425
Disclaimer: HC Andersen Capital receives payment from Flügger for a DigitalIR/corporate visibility subscription agreement. / Philip Coombes 09:20 25.03.2025
Flügger Group
Flügger develops, produces, markets, and sells interior and exterior decorative paint, wood stains, filler, and tools; selling to professional painters, private customers, and builder’s merchants. Flügger originates from Denmark and is listed on the Nasdaq OMX Copenhagen Stock Exchange. Flügger has a strong market position in the Nordic markets, where it is the market leader in Denmark. Its physical Flügger Farver stores are well known throughout the Nordic region and are the company’s primary sales channel; however, Flügger also has private label sales via builder’s merchants as well as developing e-commerce capabilities. Flügger’s position in the Nordics is relatively stable, whereas the company has growth via export markets and its own presence in Eastern Europe, with a long history in Poland and by the acquisitions of Unicell and Eskaro.
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