Unless otherwise stated, comments in this release relate to Q3 2024/25. Revenue data for the first nine months of the financial year (YTD) is presented at the end of the report.

Significant events in Q3 2024/25

• Revenue in Q3 2024/25, which is the group’s off-season, totalled DKK 447 million compared to DKK 441 million in the same period last year, corresponding to an increase of 1%. Revenue for Q1 – Q3 (YTD) was thus DKK 1,690 million, which is an increase of 3%.
• As in previous quarters, the 3rd quarter showed a healthy increase among private consumers in the Nordic region. Activity among professional painters and other tradesmen decreased slightly among the larger customers, while smaller customers had more activity compared to the same period last year.
• International markets grew 7% in the quarter (YTD: 15%) driven by the Polish operations, which had a reported growth of 10%.
• A new point of sale (POS) system was implemented in the Danish part of the business in Q3 to ensure faster and simpler transactions with customers. The system will be rolled out in other markets over the next six months.

No change in expectations for 2024/25

The current expectations for 2024/25, as announced on 11 December 2024 in company announcement 2024/49, are unchanged.

• Revenue: DKK 2,200-2,400 million
• EBIT: DKK 85-95 million

CEO of Flügger, Sune Schnack, comments:
”We can see that our strategic initiatives are paying off. For example, we continue to maintain sales in the Nordic region despite a declining market. At the same time, we are pleased with an increase among private consumers and small professionals painter companies who have defied the winter darkness and off-season to carry out their projects in collaboration with Flügger. In addition, we continue to see a particularly positive development in Poland, where we are increasing sales across customer groups.

In the last quarter of the financial year, we are embarking on a peak season that we expect a lot from due to an intensified presence in the market and our other strategic initiatives.