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Flügger - Video presentation of the annual report for 2025/26

FLUG BAnalyst Comment31.07.2026, 09.30
Rasmus KøjborgHead of Research, Stables

Automatic translation: Originally published in undefined 31/07/2026, 07:30 GMT. Give feedback here.

Flügger published its annual report for 2025/26 a month ago. In connection with this, the company presented the figures, the latest developments, and the new guidance for 2026/27.

We had CEO Sune Schnack and CFO Lucas Eichild from Flügger.

If you missed it earlier, you can watch the recording here: https://www.inderes.dk/videos/flugger-praesentation-af-arsregnskabet-for-202526

You can find our latest research update on Flügger here: https://www.inderes.dk/research/flugger-q42526-top-line-growth-offsets-softer-margins-while-the-structural-case-holds

Disclaimer: HC Andersen Capital receives payment from Flügger for a Digital IR subscription agreement. /Rasmus Køjborg, CFA at 09.25 on 31/07-2026.

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.

Read more on company page

Key Estimate Figures29.06

202627e28e
Revenue2,313.02,413.52,518.2
growth-%1.8 %4.3 %4.3 %
EBIT (adj.)108.0123.8141.0
EBIT-% (adj.)4.7 %5.1 %5.6 %
EPS (adj.)22.9028.9533.85
Dividend0.000.000.00
Dividend %
P/E (adj.)-15.112.9
EV/EBITDA-11.911.3