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 Group erbjuder produkter och tjänster inom måleribranschen. Bolaget tillverkar, designar och säljer ett brett sortiment av färg, träskydd, spackel, tapeter och arbetsredskap. Produktionen utgår ifrån koncernens egna fabriker, som senare säljs via fysiska butiker och via bolagets E-handelsplattform. Störst verksamhet återfinns inom Skandinavien, Östeuropa och Kina, och kunderna består av både privata köpare samt företagskunder.
Read more on company page