Flügger Group

354.00 DKK

+1.72%

Less than 1K followers

FLUG B

NASDAQ Copenhagen

Construction & Materials

Industrials

+1.72 %
+7.93 %
-1.67 %
+11.32 %
+9.26 %
+8.96 %
-3.28 %
-52.80 %
+33.58 %

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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Market cap
1.07B DKK
Turnover
152.61K DKK
P/E (adj.) (26e)
14.61
EV/EBIT (adj.) (26e)
15.11
P/B (26e)
1.26
EV/S (26e)
0.71
Dividend yield-% (26e)
7.06 %
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
25.6
2026

Annual report '26

8.12
2026

Interim report Q2'27

24.6
2027

Annual report '27

Risk
Business risk
Valuation risk
Low
High

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Flügger – Præsentation af kvartalsopdatering for 3. kvartal 2025/26
Webcast

Flügger – Præsentation af kvartalsopdatering for 3. kvartal 2025/26

Flügger ventes at offentliggøre sin kvartalsmeddelelse for 3. kvartal 2025/26 - torsdag d. 19. marts 2026. Ugen efter – mandag d. 23. marts kl. 11.00 - har vi fornøjelsen at invitere til en gennemgang af opdateringen med CEO Sune Schnack og CFO Lucas Eichild. Her vil der også være mulighed for at stille spørgsmål til ledelsen.

Flügger Q3'2025/26: Poland delivers again as Nordic core demand grows under the surface
Research by

Flügger Q3'2025/26: Poland delivers again as Nordic core demand grows under the surface

Flügger delivered 1% revenue growth in Q3 2025/26 to MDKK 451 (Q3 2024/25: MDKK 447), bringing year-to-date revenue to MDKK 1,715. Poland remains the primary growth driver, with +10% local currency growth (+12% reported), while the Nordic segment was flat as the ongoing private-label phase-out saw a 6% decline in Denmark offsetting professional painter demand growth across the Nordic region. Q3 results were slightly below our estimate of MDKK 460, driven by a larger Danish decline than expected and a slight decline y/y in Sweden in Q3. Despite the softer topline, structural drivers of margin expansion from improved product mix and higher-margin Polish growth remain unchanged, and guidance is maintained. We reiterate our "Accumulate" recommendation and DKK 360 price target, though we note the emerging Middle East energy shock as a new risk factor.