Flügger Group (FLUG) Q3 2026 earnings summary

Executive summary

• Revenue in Q3 2025/26 was DKK 451 million, up 1% year-over-year, marking the low season for the group.

• Year-to-date (May–Jan), revenue reached DKK 1,715 million, also a 1% increase compared to the same period last year.

• Strategic phase-out of private-label low-price products continues to impact topline, especially in Denmark, but growth is seen among quality-focused consumers and professionals in Nordics and Poland.

Financial highlights

• Q3 revenue: DKK 451 million (up 1% year-over-year).

• Year-to-date revenue: DKK 1,715 million (up 1%).

• Segment International grew 4% in Q3, driven by 12% growth in Poland.

• Nordic segment sales stable year-over-year, with growth in Sweden and Norway offsetting decline in Denmark.

Outlook and guidance

• Full-year 2025/26 guidance unchanged: revenue DKK 2,200–2,400 million, EBIT DKK 100–120 million.

• Management expects continued progress in core markets and is prepared for the high season in the final quarter.