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
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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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