Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
Flügger develops, produces, markets, and sells interior and exterior decorative paint, wood stains, filler, and tools; selling to professional painters, private customers, and builder’s merchants. Flügger originates from Denmark and is listed on the Nasdaq OMX Copenhagen Stock Exchange.
Flügger has a strong market position in the Nordic markets, where it is the market leader in Denmark. Its physical Flügger Farver stores are well known throughout the Nordic region and are the company’s primary sales channel; however, Flügger also has private label sales via builder’s merchants as well as developing e-commerce capabilities.
Flügger’s position in the Nordics is relatively stable, whereas the company has growth via export markets and its own presence in Eastern Europe, with a long history in Poland and by the acquisitions of Unicell and Eskaro.
Flügger published its Q1 2026/27 interim update last week. In this connection, the company presented the figures and the latest developments this week.
Flügger ventes at offentliggøre sin kvartalsmeddelelse for 1. kvartal 2026/27 (der dækker perioden 1. maj til 31. juli 2026) - onsdag d. 30. september 2026.
I den følgende uge – mandag d. 5. oktober kl. 11.00 - har vi fornøjelsen at invitere til en gennemgang af kvartalsmeddelelsen med CEO Sune Schnack og CFO Lucas Eichild. Her vil der også være mulighed for at stille spørgsmål til ledelsen.
Join Inderes community
Don't miss out - create an account and get all the possible benefits
Inderes account
Followings and notifications on followed companies
Flügger's Q1 2026/27 revenue rose 4% to MDKK 678 (Q1 2025/26: MDKK 653), slightly ahead of our MDKK 674 estimate, with organic growth of around 3.5%. All three segments delivered organic growth, led by International at 5% and Nordic at 3%, while Partnerships grew 2% organically but was flat reported due to currency. Management highlights high delivery reliability through the peak season and a continued slight market improvement among Nordic professional painters, though activity remains at a low level. Guidance is unchanged, and we reiterate our "Accumulate" recommendation and DKK 410 price target.
Udsigt til en positiv åbning Europa fra morgenstunden. Fokus på Flügger der er ude med Q1 2026/27. Gæst i studiet her til morgen er CEO Martin Nielsen fra Mdundo, der bl.a. vil tale om selskabets årsrapport for 2025/26.
Flügger publishes its Q1 2026/27 quarterly announcement on Wednesday, 30 September 2026. As a trading statement, the release discloses revenue by segment and geography only. We expect it to confirm that underlying customer growth is starting to outweigh the private-label phase-out, with Poland maintaining double-digit growth. Our attention is on whether the 12% growth in Nordic professional painter customers in 2025/26 converts into reported revenue, on the Danish trajectory after the 5% inflection in Q4, and on the pace of store openings in Poland. We reiterate our "Accumulate" recommendation and DKK 410 price target.
