Flügger Group (FLUG) Q1 26/27 earnings summary

Executive summary

• Positive consumer and professional momentum in the Nordics and Poland; delivery reliability and customer relationships remained strong through peak season despite uncertain conditions.

• Strategic priorities include customer growth, more store openings and wider reach among craftsmen and builders’ merchants.

Financial highlights

• Q1 2026/27 revenue rose 4% YoY to DKK 678m from DKK 653m.

• Nordic sales grew 4%, International 5%, while Partnerships was flat.

Outlook and guidance

• FY 2026/27 guidance unchanged: revenue of DKK 2,400m–2,500m and EBIT of DKK 105m–125m.

• Revenue growth guidance is 4%–8% vs. FY 2025/26; the EBIT midpoint implies 6% growth.

• Priorities include stable organic earnings growth, attractive dividends, digital B2B expansion, ERP implementation and a stronger core branded offer.

• Further store openings, primarily outside the Nordics, and expansion into other craftsmen and builders’ merchants.