Flügger (One-pager): Moving beyond part-divestment of Eskaro
Read our latest One-pager on Flügger, following the company’s recent H1 2023/24 results, updating the investment case, key investment risks, key investment reasons, and relative valuation against its peers. The One-pager contains the latest updates following the announced agreement to divest large parts of the activities in Eskaro and takes a new look at the outlook beyond the Eskaro matter.
You can also catch up on the latest H1 2023/24 earnings presentation, hosted with Flügger CEO Sune Schnack and CFO Poul Erik Stockfleth, providing greater insight into the divestment of a large part of Eskaro, the YTD performance, and the outlook.
Link to H1 2023/24 presentation: https://www.inderes.dk/videos/flugger-praesentation-af-h1-202324
Disclaimer: HC Andersen Capital receives payment from Flügger for a DigitalIR/corporate visibility subscription agreement./Philip Coombes 14:30:00 09.01.2024
Flügger Group
Flügger develops, produces, markets, and sells interior and exterior decorative paint, wood stains, filler, and tools; selling to professional painters, private customers, and builder’s merchants. Flügger originates from Denmark and is listed on the Nasdaq OMX Copenhagen Stock Exchange. Flügger has a strong market position in the Nordic markets, where it is the market leader in Denmark. Its physical Flügger Farver stores are well known throughout the Nordic region and are the company’s primary sales channel; however, Flügger also has private label sales via builder’s merchants as well as developing e-commerce capabilities. Flügger’s position in the Nordics is relatively stable, whereas the company has growth via export markets and its own presence in Eastern Europe, with a long history in Poland and by the acquisitions of Unicell and Eskaro.
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