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2010

After the financial crisis

The 2009/10 fiscal year was a positive surprise. In that light, the group chose to continue the strategy of organic growth. Thus, Flügger expanded the store network in Scandinavia as well as in Poland and the Czech Republic.

However, a weak sales trend in Denmark (which has traditionally been the group’s cash cow), significantly increased cost of raw material, and significantly increased distribution costs, resulted in that expectations for the bottom line – i.e. EBIT – in recent years have not been met despite a positive sales trend.

Flügger Scandinavia