Flügger group A/S

FLUG B

DK0010218189

Commodity Chemicals

Market Closed - Nasdaq Copenhagen Other stock markets 03:52:46 2024-04-26 am EDT			5-day change	1st Jan Change
330 ^DKK	-0.60%		+1.85%	+1.23%

Mar. 19	Flügger group A/S Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2024	CI
2023	Flügger group A/S Reports Earnings Results for the Second Quarter and Six Months Ended October 31, 2023	CI

Flügger A/S : Third quarter 2022/23

March 21, 2023 at 04:01 am EDT

Flügger Group

Investor presentation

Q3 2022/23

Investor presentation Q3 2022/23

Flügger at a glance

Key LTM figures Q3 2022/23

Revenue mDKK

EBIT* mDKK

2,556 66

Full-time employees

Markets

2,336 17

No. factories

No. stores

12 358

Flügger's business model

Production	Sales channels	Customers
			Own stores	BtB


			Franchise stores

E-commerce

R&D

BtC

DIY etc.

Brand examples

	Segment 1


Private label	Segment 2


Private label	Segment 3

*EBIT before impairment effect (132 mDKK in Q4 21/22 and 4 mDKK reversed in Q1 22/23)

Investor presentation Q3 2022/23

Q3 22/23 highlights

Revenue (mDKK)

	-1%
511	507
Q3 21/22	Q3 22/23

Gross Margin (%)

	-2.1pp
43.4	41.3
Q3 21/22	Q3 22/23

EBIT (mDKK)

	+77%
-39
	-69
Q3 21/22	Q3 22/23

EBIT-margin (%)

	-5.8pp
-7.6
	-13.4
Q3 21/22	Q3 22/23

Own & franchise stores (#)

	-4%
371	358
241	244	Own stores
130	114	Franchise
Q3 21/22	Q3 22/23

ROCE, LTM (%)

-16.1pp

12.4

	-3.7
Q3 21/22	Q3 22/23

Investor presentation Q3 2022/23

YTD 22/23 highlights

Revenue (mDKK)

+2%
1,904	1,940
YTD Q3 21/22	YTD Q3 22/23

Gross Margin (%)

-3.9pp
50.8	46.9

YTD Q3 21/22	YTD Q3 22/23

EBIT (mDKK)

-68%
152
	49
YTD Q3 21/22	YTD Q3 22/23

EBIT-margin (%)

-5.5pp
8.0
	2.5
YTD Q3 21/22	YTD Q3 22/23

Own & franchise stores (#)

-4%
371	358
241	244	Own stores
130	114	Franchise
YTD Q3 21/22	YTD Q3 22/23

ROCE, LTM (%)

-16.1pp

12.4

-3.7

YTD Q3 21/22 YTD Q3 22/23

Investor presentation Q3 2022/23

Decline in raw material prices, but gas and energy prices still at a high level in historical context

Chemicals market impact c. 42% of Flügger raw material cost base

Gas/energy impact c. 15% of raw materials cost base

Weighted chemical

+1%

Price of natural gas

200

index based on spend

+850%

Average 20/21

180

Average 21/22

+66%

Average 22/23

160

140

120

+185%

Lower-end

Flügger top-

100

paints

quality

10x

+233%

amount of

+5%

+421%

titanium

dioxide

01/22

01/20

03/20

05/20

07/20

09/20

11/20

01/21

03/21

05/21

07/21

09/21

11/21

03/22

05/22

07/22

09/22

11/22

01/23

03/23

01/20

03/20

05/20

07/20

09/20

11/20

01/21

03/21

05/21

07/21

09/21

11/21

01/22

03/22

05/22

07/22

09/22

11/22

01/23

Note: Impact measured for Segment 1 & 2

Source: Indices on relevant spot prices weighted by Flügger's spend split

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Disclaimer

Flügger group A/S published this content on 21 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2023 08:00:03 UTC.

Latest news about Flügger group A/S

Flügger group A/S Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2024	Mar. 19	CI
Flügger group A/S Reports Earnings Results for the Second Quarter and Six Months Ended October 31, 2023	Dec. 12	CI
Lassier Engineering Ltd acquired additional 70% stake in Eskaro Group AB from Flügger group A/S (CPSE:FLUG B).	Nov. 09	CI
Booking to Appeal EU Decision to Block Proposed Acquisition of Etraveli -- Update	23-09-25	DJ
EU Blocks Booking's Proposed Acquisition of Etraveli	23-09-25	DJ
Flügger group A/S Reports Earnings Results for the First Quarter Ended July 31, 2023	23-09-14	CI
FlÃ¼gger group A/S Reports Earnings Results for the Full Year Ended April 30, 2023	23-06-27	CI
Flügger group A/S Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2023	23-03-15	CI
Flügger group A/S Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2023	23-03-15	CI
Flügger group A/S Reports Earnings Results for the Second Quarter and Six Months Ended October 31, 2022	22-12-12	CI
Flügger group A/S Reports Earnings Results for the First Quarter Ended July 31, 2022	22-09-13	CI
Companies sell their businesses in Russia	22-07-18	RE
Flügger group A/S Reports Earnings Results for the Full Year Ended April 30, 2022	22-06-21	CI
Factbox: Companies sell their businesses in Russia	22-06-17	RE
Flügger group A/S Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2022	22-03-17	CI
Flügger group A/S(CPSE:FLUG B) dropped from OMX Nordic Small Cap Index	22-01-04	CI
Flügger group A/S Reports Earnings Results for the Second Quarter and Six Months Ended October 31, 2021	21-12-15	CI
Flügger group A/S Reports Earnings Results for the First Quarter Ended July 31, 2021	21-09-14	CI
Flügger Group A/S Reports Earnings Results for the Full Year Ended April 30, 2021	21-06-24	CI
Michael Mortensen acquired additional 16.7% stake in Flügger group A/S (CPSE:FLUG B) for for approximately DKK 320 million.	21-01-17	CI
Flügger Group A/S Reports Earnings Results for the Second Quarter Ended October 31, 2020	20-12-17	CI
Flügger group A/S (CPSE:FLUG B) entered into an agreement to acquire 70% stake in Eskaro Group AB.	20-11-23	CI
Flügger group A/S Reports Earnings Results for the First Half of Fiscal Year 2020	19-12-04	CI
Flügger group A/S (CPSE:FLUG B) acquired 60% stake in Przedsiebiorstwo Produkcyjno Handlowe Unicell Poland Sp Z O O for DKK 87 million.	19-11-24	CI
Flügger group A/S Reports Earnings Results for the First Quarter of Fiscal 2020	19-09-08	CI

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Company Profile

Flugger group A/S, formerly Flugger A/S, is a Denmark-based company engaged in the design, manufacturing and marketing of paints and other products for surface treatment. The Company specializes in decorative paints, wood stains, spackling pastes, cleaning products, wallpapers, and tools, among others. Apart from Flugger, the Company operates under three brand names: DAY-system, Fiona and PP Mester Maling. It controls factories in Denmark, Sweden, China and Poland, as well as a retail chain, named Flugger Decor, which is located in Scandinavia, Eastern Europe and China. Furthermore, the Company owns a number of subsidiaries, such as Flugger AB, PP Mester Maling A/S, DAY-system A/S, DAY-System AB, Flugger ehf, Flugger Limited, and Flugger Sp Zoo.

Sector

Commodity Chemicals

Calendar

2024-06-26 - Q4 2024 Earnings Release

More about the company

Income Statement Evolution

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