Flügger Group (FLUG) Q3 24/25 earnings summary

Executive summary

• Achieved 1% sales growth in Q3 2024/25, with revenue rising to DKK 447 million and YTD revenue up 3% to DKK 1,690 million, driven by strong consumer sales and international segment performance, especially in Poland.

• Growth was led by private consumers in the Nordics and robust performance in Poland, despite a declining market for professional painters.

• Professional segment in Denmark and Sweden declined, while consumer segment grew.

• New POS system launched in Denmark to streamline transactions, with rollout to other countries planned in the next 6 months.

Financial highlights

• Q3 2024/25 revenue guidance: DKK 2.2–2.4 billion, EBIT guidance: DKK 85–95 million, with EBIT guidance raised from previous range of DKK 75–95 million.

• Q3 revenue: DKK 447 million (up 1% year-over-year); YTD revenue: DKK 1,690 million (up 3%).

• International markets grew 7% in Q3 (YTD: 15%), led by Poland's 10% reported growth and 7 new shops YTD.

• Currency effects contributed +3% in Q3 and +5% YTD to international growth.

Outlook and guidance

• 2024/25 outlook remains cautiously optimistic, expecting continued positive effects from new strategy and normalized margins, with full-year guidance unchanged: revenue DKK 2,200–2,400 million, EBIT DKK 85–95 million.

• Revenue expected to grow 0–9% year-over-year; EBIT expected to increase 25–40% year-over-year.

• High expectations for Q4 due to seasonal uptick and intensified market presence.

• Focus on winning small- and medium-sized painters in Nordics, expanding international growth, and reducing debt.