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    Process industries

  3. •

    Industrial specialties
Flugger Group A/S Class B

Flugger Group A/S Class B

CCPH:FLUG_B
372.00
DKK
-9.00
(-2.36%)
974.18MMarket Cap
Dec 08Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
668.61
637.04
643.1
642.69
630.86
631.64
655.39
747.71
843.95
686.47
736.85
760.63
778.26
- -
Basic EPS, GAAP
26.29
18.61
4.63
10.05
11.63
11.16
20.01
59.09
2.5
-1.3
1.33
19.42
21.2
- -
Free Cash Flow per Basic Share
43.27
2.19
5.62
46.16
25.79
10.26
68.5
60.06
-54.82
0.88
44.38
66.29
88.83
- -
Dividend per Share
9.04
13
15
15
14.99
15
9.98
10
14.78
9.64
5.01
5.02
20.19
4.98
Book Value per Share
291.05
298.61
281.79
277.07
263.85
247.39
261.31
315.1
307.88
231.92
249.96
276.5
279.94
286.79
Tangible Book Value per Share
248.96
245.68
230.93
233.92
226.27
213.68
197.96
254.49
222.04
151.59
173.87
203.78
205.02
210.49
Basic Weighted Avg Shares
3
3
3
3
3
3
3
3
3
3
3
3
3
3
Sales/Revenue/Turnover
1,924
1,833
1,850
1,849
1,818
1,824
1,895
2,162
2,520
2,130
2,208
2,272
2,313
- -
Operating Margin (%)
5.19
3.5
1.12
2.69
3.17
2.66
4.91
10.53
6.35
-0.61
2.94
4.18
4.63
- -
Depreciation Expense
64
56
64
75
62
48
129
140
260
153
169
163
159
- -
Net Income, GAAP
76
54
13
29
33
32
58
171
7
-4
4
58
63
- -
Effective Tax Rate (%)
12.59
18.82
42.34
29.9
40.63
22.25
20.08
18.26
130.22
- -
45.65
23.17
23.6
- -
Profit Margin (%)
3.93
2.92
0.72
1.56
1.84
1.77
3.05
7.9
0.3
-0.19
0.18
2.55
2.72
- -
Working Capital
384
391
368
400
418
428
247
300
132
34
143
174
204
244
LT Debt
- -
- -
- -
- -
- -
- -
321
307
430
370
377
388
375
421
Total Equity
838
859
811
797
760
742
787
951
919
774
821
870
880
901
Return on Invested Capital (%)
8.57
5.91
1.32
3.45
4.09
3.92
6.27
13.57
-0.79
- -
2.32
4.67
5.55
- -
Return on Capital (%)
8.69
6.18
1.55
3.44
4.28
4.44
6.3
13.22
1.16
- -
0.19
4.46
4.99
- -
Return on Common Equity (%)
9.11
6.31
1.59
3.59
4.3
4.29
7.73
20.51
0.82
-0.5
0.55
7.37
7.58
- -

Capital Structure

DKK

•

in mil. unless spec.
Jan'24
Apr'24
Oct'25
ST Debt
285
330
151
LT Borrowings
113
113
113
LT Finance Leases
269
264
308
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3
3
3
Market Capitalization
1,113
989
974

Working Capital

DKK

•

in mil. unless spec.
Jan'24
Apr'24
Oct'25
Total Current Assets
760
851
765
Cash, Cash Equivalents & STI
18
18
24
Accounts Receivable, Net
363
331
408
Inventories
379
362
333
Total Current Liabilities
640
708
521
Payables & Accruals
- -
- -
- -
ST Debt
285
330
151
Deferred Revenue
- -
- -
- -

Growth Rates

DKK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.23%
-1.19%
1.15%
Free Cash Flow
571.31%
908.06%
33.33%
Net Income, GAAP
131.38%
181.96%
8.62%
Sales/Revenue/Turnover
2.6%
1.89%
1.8%
Total Cash Common Dividend
- -
- -
300%

Semi-annual Revenue

DKK

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2,208
2025
- -
- -
2,272
2026
- -
- -
2,313

Semi-annual Earnings Per Share

DKK

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.33
2025
- -
- -
19.42
2026
- -
- -
21.2

Semi-annual Dividends Per Share

DKK

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
5.01
2025
- -
- -
5.02
2026
- -
- -
20.19

Company Description

Company Profile APIChatGPT
CEO
Sune Dedenroth Schnack
Full Time Employees
2,074
Sector
Process industries
Industry
Industrial specialties
Address
Islevdalvej 151 Rodovre CR Denmark 2610
IPO Date
Jan 1, 1983
Website
flugger.com
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Business
Flügger group A/S designs, manufactures, and markets a comprehensive range of decorative paints and coatings, wood protection products, spackling pastes, fillers, wallpaper adhesives, wall coverings, painting tools including brushes, rollers, bristles, and plastic handles, glues, sanding materials, and cleaning products; its core Flügger brand targets professional painters and consumers with water-based interior and exterior paints, primers, wood stains, and coordinated accessories, while Unicell Nordic supplies private label and branded items such as Yunik paints, Stiwex tools, and Fiona wallpapers to retailers, department stores, and DIY chains under PP professional paint and other wholesale channels. Founded in 1783 and headquartered in Rødovre, Denmark, the company operates 229 company-owned Flügger Farver stores and franchises across the Nordic countries, Poland, Ukraine, Eastern Europe, and China, with seven production factories in Denmark, Sweden, Poland, and Ukraine producing approximately 30 million liters of paint annually in Kolding alone; it employs around 1,700 people and generates annual revenue of about DKK 2,272 million as a Nasdaq Copenhagen-listed entity (FLUG-B.CO) primarily owned by the Schnack family. Recent strategic developments under the Flügger Organic plan (2024-2027) emphasize profitable growth for professional painters through international store expansions, partnerships in emerging markets like Poland where Q1 2025/26 revenue grew 12% in local currency, a shift to higher-margin own-brands from private labels, cost discipline post-store consolidation, and deleveraged balance sheet enabling moderate CAPEX and double-digit EBIT growth forecasts to 2027/28; key prior acquisitions include 60% of Unicell Poland in 2019 for DIY expansion, Detale CPH in 2019 for colored spackling pastes now sold across Nordics, Eskaro Ukraine for eco-friendly paints, and post-IPO additions like Fiona wallpapers, Dragon sandpaper, and Swedish Stiwex and Fobo brush factories, alongside a new Bollebygd filler factory in 2021 and ongoing international diversification.