For continuing operations, Flügger delivers 7% revenue growth and – before an impairment of DKK 74 million caused by the war in Ukraine – a primary operating profit EBIT of DKK 173 million. After the impairment, the primary operating profit EBIT is DKK 99 million. The results for the 2021/22 financial year are characterised by rising raw material prices and the war in Ukraine. The expectations for segments 1 and 2 for the 2022/23 financial year are revenue in the range of DKK 2,200 – 2,400 million and EBIT in the range of DKK 80-130 million. For continuing operations in segment 3, which are associated with considerable uncertainty, the EBIT is expected to be in the range of +/- DKK 10 million.
Sune Schnack, CEO of Flügger says:
“2021/22 has been an unpredictable year at Flügger. The fiscal year is characterised by significant acquisitions, drastic increases in prices for raw materials, energy and transport, war in Ukraine, the decision to divest our activities in Russia and Belarus and a normalisation of sales to consumers after record sales during COVID-19. Despite the many challenges, Flügger has come through the year well, and we are solidly prepared for the future. In 2022/23, we expect earnings to be under pressure due to high inflation and a slowdown in consumer sales. Depending on the price development of raw materials, we do not expect to see an improvement in earnings until the end of the 2022/23 fiscal year.”
Casper Paggio Hansson Felt
Communications Manager
+ 45 70 15 15 05
Islevdalvej 151
2610 Rødovre
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