Flügger (One-pager): Focus on organic growth in key markets drive growth in 2024/25
Read the latest Flügger One-pager following its Q1'2024/25 earnings report, 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 Q1’24/25, where it also gave more details on the “Flügger Organic” strategy, with revised business units identified as Nordics, International, and Partnerships. The Nordics were mostly flat, with a small revenue reduction of around 1% and a growth of 17% in the International segment, helping to pull group revenues to a small growth of around 2% for the quarter y/y.
Guidance for 2024/25 shows revenue growth of 0-9% to DKK 2,200-2,400m with an EBIT of DKK 75-95m, as signs of improving conditions in housing market activity can support demand for paint throughout the Nordics, while growth is expected to continue in its Eastern European markets, despite war-related challenges in Ukraine.
To learn more about Flügger, its performance YTD, and outlook for 2024/25 and beyond, read the full one-pager or catch up on the latest presentation of the Q1 2024/25 presentation with Flügger CEO Sune Schnack, and CFO Lucas Eichild.
Link: https://www.inderes.dk/videos/flugger-kvartalsopdatering-for-q1-202425
Disclaimer: HC Andersen Capital receives payment from Flügger for a DigitalIR/corporate visibility subscription agreement. / Philip Coombes 16:10 23/09/2024
Flügger Group
Flügger udvikler, producerer, markedsfører og sælger indendørs og udendørs maling, træbejseprodukter, spartelmasse og værktøj, der sælges til professionelle malere, private kunder og byggemarkeder. Flügger er grundlagt i Danmark, og er noteret på Nasdaq OMX Københavns Fondsbørs. Flügger har en stærk markedsposition på de nordiske markeder, hvor virksomheden er markedsleder i Danmark og med førende positioner i de øvrige nordiske lande. De fysiske Flügger Farver butikker er velkendte i hele Norden, og er virksomhedens primære salgskanal. Flügger har også salg af private label produkter via byggefirmaer, ligesom selskabet arbejder på forskellige e-handelsmuligheder. Flüggers position i Norden er relativt stabil, mens virksomheden er vokset via eksportmarkeder og egen tilstedeværelse i Østeuropa, bl.a. med en lang historie i Polen og via opkøbene af Unicell og Eskaro.
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