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Analyst Comment

Mød ledelsen i Flügger og stil spørgsmål i dagens investorpræsentationer

By Philip CoombesEquity Research Analyst
Flügger Group

I eftermiddag kl. 12:00 vil Flügger CEO og CFO præsentere resultaterne for Q1 2025/26 og svare på spørgsmål fra tilhørerne. Tilmeld dig og stil dine spørgsmål allerede nu: https://www.inderes.dk/videos/flugger-praesentation-af-kvartalsopdatering-for-1-kvartal-202526

Disclaimer: HC Andersen Capital modtager betaling fra de nævnte selskaber for en digital IR abonnementsaftale. /Philip Coombes d. 02/10-2025 kl. 08:00.

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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Key Estimate Figures30.09

202526e27e
Revenue2,272.02,335.52,428.5
growth-%2.9 %2.8 %4.0 %
EBIT (adj.)94.0115.9143.3
EBIT-% (adj.)4.1 %5.0 %5.9 %
EPS (adj.)21.1126.2733.95
Dividend20.0025.0027.00
Dividend %6.3 %7.8 %8.4 %
P/E (adj.)15.012.29.4
EV/EBITDA6.05.44.7
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