The result for the first half of 2024/25 for Flügger group A/S is as expected. Flügger manages to maintain its position in the Nordic region, while growth is generated internationally and primarily via Poland.

• Revenue increased by 4% to DKK 1,243 million compared to DKK 1,200 million in the first half of 2023/24. International markets grew 19% in the period.
• Operating profit (EBIT) increased by 33% to DKK 140 million, compared with DKK 106 million in the first half of 2023/24. This progress was driven by the stabilisation of raw material and other production costs, combined with the implementation of sales price adjustments and other cost reductions.
• The higher earnings, combined with lower investment needs and reduced working capital, have resulted in a satisfactory cash flow after investing activities of DKK 271 million, compared with DKK 185 million in the same period last year (H1 2024/25 includes DKK 43 million relating to receivables from the divested business).

Based on the results for the first half of the year, expectations have been revised compared to previous announcements. EBIT is now expected to be in the range of DKK 85-95 million instead of the previous DKK 75-95 million. Sune Schnack, CEO of Flügger Group A/S, says:

“As the results show, we are seeing that Flügger’s initiatives are being well received by painters in the Nordic region, and we continue to see increasing interest in the Flügger brand in our international markets, especially in Poland. At Flügger, we therefore come out of the first half of the year with solid confidence in our priorities in the Flügger Organic strategy, where we focus on the professional painter and international organic growth.”