Key events in the third quarter of 2025/26

• Revenue for the third quarter of 2025/26, the Group’s low season, was DKK 451 million, up 1% from DKK 447 million in the same period last year. Revenue for the first to third quarters (YTD) thus totalled DKK 1,715 million, representing a 1% increase compared with the same period last year.
• In the third quarter, the Nordic segment saw an increase in sales to both professional painters and private consumers, which offset the ongoing phase-out of the private-label low-price category. As a result, the Nordic segment managed to end the third quarter at the same level as last year.
• The International segment grew by 4% in the quarter (year to date: 3%), driven by growth of 12% in the Polish business, whilst there was a slight overall decline in other countries. There is general growth across all customer types in Poland, and to support this, Flügger opened a further three stores in the first nine months of the financial year.

Unchanged expectations for 2025/26

The current expectations for 2025/26 remain unchanged from previous announcements.

• Revenue: DKK 2,200-2,400 million
• EBIT: DKK 100-120 million

CEO in Flügger, Sune Schnack states:

”We remain on track with our business plan for the year and are experiencing general growth in our core business across our main markets. Our strategic phase-out of low-cost products is having a slight impact on revenue, particularly in Denmark. However, we are also seeing growth among quality-conscious private consumers and professional painters in the Nordic region and Poland. Financially speaking, the third quarter is a relatively quiet period as it is the low season. However, we have thoroughly prepared for the final quarter of the financial year, which marks the start of the high season.”