Revenue for the Q1 2025/26 was DKK 653 million compared to DKK 635 million for the same period last year. Thus corresponding to an increase of 3%. The Group experienced organic growth of 2%, while exchange rates had a positive impact of 1%.
The quarter brought growth among both private consumers and professional painters in the Nordic region. In this area, we recorded a slight increase after a prolonged period of low activity among professional painters. As part of the Flügger Organic strategy, the quarter also includes a downscaling in the private label low-price category. This has a negative impact on revenue, particularly in Denmark. The Nordic segment grew by 3% overall and 1% in local currency.
International markets grew by 7% in the Q1, driven by the Polish business with growth of 13% across customer groups. The result reflects general progress in Poland as well as revenue from eight newly established stores in 2024/25 and one new store in this quarter.
Flügger implemented our new point-of-sale (POS) system in the Norwegian part of the business in the Q1, following the Danish implementation in the Q3 2024/25. The system is designed to ensure faster and simpler transactions for the benefit of customers.
The current expectations for 2025/26, as announced on 26 June 2025 in company announcement 2025/30, remain unchanged.
-“We are pleased that our busiest quarter is delivering in line with plan. Throughout the peak season, we have demonstrated high delivery reliability and stable quality, which can be attributed to our skilled employees and partners.
Also, we have improved our customer and product mix in connection with a planned scaling down of the private-label and low-price category, which gives more room for the core business – quality for the professional painter. This makes it even more impressive that the Danish market, the most affected by the phase-out, delivers stable revenue. It is also positive to note a small improvement among the professional painters in the Nordics, especially in Sweden, where there has been low activity in the market for an extended period.
In our international business, we are proud of the continued progress in Poland, where several store openings are once again planned this year.”
Casper Paggio Hansson Felt
Communications Manager
+45 27 53 28 99
