Flugger Group Logo

Flugger Group

ISIN: DK0010218189 | Ticker: FLUG | LEI: 5493008AHEOXL9ETQO38
Sector: MaterialsSub-Industry: Specialty Chemicals
Country: Denmark

About Flugger Group

Company Description

Flügger Group is an international group based in the Nordic region.

With roots dating back to 1783, Flügger was originally family-owned. Flügger is now a listed company, but the Schnack family, represented by Ulf and Sune Schnack, remain the main shareholders. Ulf Schnack took over the management from his father in 1970, and Sune Schnack has been CEO since 1 April 2021.

Flügger designs and markets a wide and coordinated assortment within decorative painting, wood protection, spackling paste, wallpaper and tools, of a high quality. We sell our products in part via the Flügger retail chain, comprising a total of 372 stores in the Nordic region, Eastern Europe and China. Flügger owns approximately two thirds of these stores.

Most people are familiar with our Flügger chain, but Flügger is much more. We are award winners in design and produce trend-setting design wallpapers.

Flügger is a market leader in Denmark.

Year founded

1783

Headquarters

Islevdalvej 151, 2610 Rødovre – Denmark

Financial statements

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Line item in (dkk) 01.05.2019 01.11.2019 01.02.2020 01.05.2020 01.11.2020 01.02.2021 01.05.2021 01.08.2021 01.05.2022 01.08.2022 01.11.2022 01.05.2023 01.08.2023 01.11.2023
Assets N/A N/A 1,545,000,000.00 1,691,000,000.00 N/A 1,741,000,000.00 1,842,407,000.00 2,258,000,000.00 2,226,000,000.00 2,252,000,000.00 2,203,000,000.00 2,131,837,000.00 2,121,000,000.00 2,063,000,000.00
Noncurrent Assets N/A N/A 877,000,000.00 888,000,000.00 N/A 939,000,000.00 973,064,000.00 1,217,000,000.00 1,269,000,000.00 1,258,000,000.00 1,223,000,000.00 1,193,815,000.00 1,196,000,000.00 1,111,000,000.00
Property Plant And Equipment N/A N/A 694,000,000.00 687,000,000.00 N/A 749,000,000.00 756,235,000.00 880,000,000.00 982,000,000.00 973,000,000.00 960,000,000.00 913,545,000.00 918,000,000.00 844,000,000.00
Land And Buildings N/A N/A 164,000,000.00 159,000,000.00 N/A 161,000,000.00 161,275,000.00 238,000,000.00 284,000,000.00 290,000,000.00 305,000,000.00 296,843,000.00 325,000,000.00 275,000,000.00
Machinery N/A N/A 44,000,000.00 42,000,000.00 N/A 50,000,000.00 N/A N/A N/A N/A N/A N/A N/A N/A
Construction In Progress N/A N/A 47,000,000.00 57,000,000.00 N/A 136,000,000.00 115,659,000.00 132,000,000.00 137,000,000.00 142,000,000.00 124,000,000.00 108,640,000.00 29,000,000.00 28,000,000.00
Other Property Plant And Equipment N/A N/A 31,000,000.00 28,000,000.00 N/A 25,000,000.00 23,941,000.00 40,000,000.00 74,000,000.00 75,000,000.00 78,000,000.00 85,000,000.00 84,000,000.00 78,000,000.00
Goodwill N/A N/A 116,000,000.00 120,000,000.00 N/A 118,000,000.00 119,329,000.00 231,000,000.00 159,000,000.00 158,000,000.00 146,000,000.00 145,122,000.00 147,000,000.00 146,000,000.00
Intangible Assets Other Than Goodwill N/A N/A 51,000,000.00 61,000,000.00 N/A 58,000,000.00 N/A N/A N/A N/A N/A N/A N/A N/A
Computer Software N/A N/A N/A N/A N/A N/A N/A N/A 42,528,000.00 41,000,000.00 39,000,000.00 41,245,000.00 37,000,000.00 35,000,000.00
Other Intangible Assets N/A N/A N/A N/A N/A N/A 42,933,000.00 83,000,000.00 89,000,000.00 85,000,000.00 33,000,000.00 30,975,000.00 34,000,000.00 29,000,000.00
Other Noncurrent Receivables N/A N/A N/A N/A N/A N/A 28,279,000.00 0.00 0.00 0.00 N/A N/A N/A N/A
Deferred Tax Assets N/A N/A 5,000,000.00 18,000,000.00 N/A 8,000,000.00 13,280,000.00 14,000,000.00 14,000,000.00 14,000,000.00 13,000,000.00 39,547,000.00 41,000,000.00 38,000,000.00
Current Assets N/A N/A 668,000,000.00 803,000,000.00 N/A 802,000,000.00 869,343,000.00 1,041,000,000.00 957,000,000.00 994,000,000.00 980,000,000.00 938,022,000.00 925,000,000.00 952,000,000.00
Inventories N/A N/A 315,000,000.00 299,000,000.00 N/A 323,000,000.00 344,048,000.00 416,000,000.00 503,000,000.00 524,000,000.00 528,000,000.00 468,557,000.00 445,000,000.00 354,000,000.00
Trade And Other Current Receivables N/A N/A 260,000,000.00 367,000,000.00 N/A 271,000,000.00 368,550,000.00 473,000,000.00 419,000,000.00 430,000,000.00 404,000,000.00 451,735,000.00 449,000,000.00 363,000,000.00
Cash and cash equivalents 156,000,000.00 223,000,000.00 93,000,000.00 137,291,000.00 239,000,000.00 208,000,000.00 157,000,000.00 152,000,000.00 35,000,000.00 40,000,000.00 48,000,000.00 17,674,000.00 31,000,000.00 24,000,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale N/A N/A N/A N/A N/A N/A 0.00 N/A 130,707,000.00 N/A 0.00 0.00 N/A 211,000,000.00
Current Investments N/A N/A N/A N/A N/A N/A 63,000.00 N/A 62,000.00 N/A N/A 56,000.00 N/A N/A
Equity And Liabilities N/A N/A 1,545,000,000.00 1,691,000,000.00 N/A 1,741,000,000.00 1,842,407,000.00 2,258,000,000.00 2,226,000,000.00 2,252,000,000.00 2,203,000,000.00 2,131,837,000.00 2,121,000,000.00 2,063,000,000.00
Equity 742,000,000.00 N/A 781,000,000.00 787,002,000.00 N/A 923,000,000.00 951,000,000.00 1,055,000,000.00 919,000,000.00 986,000,000.00 978,000,000.00 773,591,000.00 840,000,000.00 838,000,000.00
Issued Capital N/A N/A 60,000,000.00 60,000,000.00 N/A 60,000,000.00 60,000,000.00 60,000,000.00 60,000,000.00 60,000,000.00 60,000,000.00 60,000,000.00 60,000,000.00 60,000,000.00
Retained Earnings N/A N/A 781,000,000.00 770,000,000.00 N/A 920,000,000.00 899,788,000.00 1,013,000,000.00 910,000,000.00 994,000,000.00 966,000,000.00 834,239,000.00 892,000,000.00 845,000,000.00
Equity Attributable To Owners Of Parent N/A N/A 751,000,000.00 754,000,000.00 N/A 883,000,000.00 911,082,000.00 1,024,000,000.00 906,000,000.00 959,000,000.00 892,000,000.00 742,239,000.00 802,000,000.00 744,000,000.00
Noncontrolling Interests N/A N/A 30,000,000.00 33,000,000.00 N/A 40,000,000.00 39,808,000.00 31,000,000.00 13,000,000.00 27,000,000.00 86,000,000.00 31,352,000.00 38,000,000.00 94,000,000.00
Noncurrent Liabilities N/A N/A 347,000,000.00 348,000,000.00 N/A 322,000,000.00 321,753,000.00 455,000,000.00 462,000,000.00 439,000,000.00 425,000,000.00 453,788,000.00 461,000,000.00 450,000,000.00
Other Noncurrent Payables N/A N/A 4,000,000.00 6,000,000.00 N/A 5,000,000.00 5,249,000.00 9,000,000.00 8,000,000.00 6,000,000.00 6,000,000.00 3,965,000.00 2,000,000.00 2,000,000.00
Deferred Tax Liabilities N/A N/A 12,000,000.00 21,000,000.00 N/A 12,000,000.00 9,309,000.00 17,000,000.00 24,000,000.00 23,000,000.00 23,000,000.00 28,957,000.00 31,000,000.00 26,000,000.00
Current Liabilities N/A N/A 417,000,000.00 556,000,000.00 N/A 496,000,000.00 569,764,000.00 748,000,000.00 845,000,000.00 827,000,000.00 800,000,000.00 904,458,000.00 820,000,000.00 775,000,000.00
Trade And Other Current Payables To Trade Suppliers N/A N/A 118,000,000.00 189,000,000.00 N/A 186,000,000.00 219,797,000.00 295,000,000.00 283,000,000.00 279,000,000.00 230,000,000.00 252,660,000.00 221,000,000.00 178,000,000.00
Trade And Other Current Payables To Related Parties N/A N/A N/A N/A N/A N/A 0.00 N/A 37,000,000.00 N/A N/A N/A N/A N/A
Current Accruals And Current Deferred Income Including Current Contract Liabilities N/A N/A N/A N/A N/A N/A N/A 5,000,000.00 0.00 24,000,000.00 N/A 32,000.00 3,000,000.00 N/A
Other Current Payables N/A N/A 139,000,000.00 226,000,000.00 N/A 181,000,000.00 215,516,000.00 222,000,000.00 176,000,000.00 192,000,000.00 173,000,000.00 162,979,000.00 193,000,000.00 163,000,000.00
Current Tax Liabilities Current N/A N/A 20,000,000.00 20,000,000.00 N/A 36,000,000.00 39,232,000.00 60,000,000.00 23,000,000.00 30,000,000.00 31,000,000.00 21,212,000.00 24,000,000.00 28,000,000.00
Liabilities Included In Disposal Groups Classified As Held For Sale N/A N/A N/A N/A N/A N/A 0.00 N/A 51,702,000.00 N/A 0.00 0.00 N/A 110,000,000.00
Line item in (dkk) 01.05.2019/
01.02.2020
01.05.2019/
01.05.2020
01.11.2019/
01.02.2020
01.05.2020/
01.02.2021
01.05.2020/
01.05.2021
01.11.2020/
01.02.2021
01.05.2021/
01.08.2021
01.05.2021/
01.05.2022
01.05.2022/
01.08.2022
01.05.2022/
01.11.2022
01.05.2022/
01.05.2023
01.08.2022/
01.11.2022
01.05.2023/
01.08.2023
01.05.2023/
01.11.2023
01.08.2023/
01.11.2023
Revenue 1,373,000,000.00 1,895,000,000.00 384,000,000.00 1,612,000,000.00 2,161,640,000.00 434,000,000.00 736,000,000.00 2,520,000,000.00 730,000,000.00 1,180,000,000.00 2,550,183,000.00 574,000,000.00 741,000,000.00 1,200,000,000.00 579,000,000.00
Other Income N/A N/A N/A N/A 6,719,000.00 N/A 2,000,000.00 18,000,000.00 1,000,000.00 2,000,000.00 6,565,000.00 1,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss N/A N/A N/A N/A 0.00 N/A 0.00 132,000,000.00 -4,000,000.00 -5,000,000.00 -4,188,000.00 0.00 0.00 0.00 0.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss N/A N/A N/A N/A 0.00 N/A 0.00 132,000,000.00 -4,000,000.00 -5,000,000.00 -4,188,000.00 0.00 0.00 0.00 0.00
Profit Loss From Operating Activities 58,000,000.00 83,000,000.00 -47,000,000.00 200,000,000.00 228,120,000.00 0.00 124,000,000.00 41,000,000.00 70,000,000.00 80,000,000.00 43,160,000.00 27,000,000.00 88,000,000.00 106,000,000.00 35,000,000.00
Finance Income 12,000,000.00 20,000,000.00 4,000,000.00 16,000,000.00 19,242,000.00 5,000,000.00 9,000,000.00 59,000,000.00 51,000,000.00 27,000,000.00 95,142,000.00 9,000,000.00 13,000,000.00 14,000,000.00 5,000,000.00
Finance Costs 19,000,000.00 27,000,000.00 5,000,000.00 21,000,000.00 27,173,000.00 7,000,000.00 16,000,000.00 73,000,000.00 34,000,000.00 28,000,000.00 127,727,000.00 17,000,000.00 27,000,000.00 26,000,000.00 11,000,000.00
Profit Loss Before Tax 51,000,000.00 76,000,000.00 -48,000,000.00 195,000,000.00 220,189,000.00 -2,000,000.00 117,000,000.00 27,000,000.00 87,000,000.00 79,000,000.00 10,575,000.00 19,000,000.00 74,000,000.00 94,000,000.00 29,000,000.00
Income Tax Expense Continuing Operations 12,000,000.00 16,000,000.00 -9,000,000.00 42,000,000.00 40,208,000.00 1,000,000.00 24,000,000.00 35,000,000.00 10,000,000.00 11,000,000.00 -3,834,000.00 2,000,000.00 14,000,000.00 19,000,000.00 6,000,000.00
Profit Loss From Continuing Operations N/A N/A N/A N/A 179,981,000.00 N/A N/A 43,042,000.00 N/A 68,000,000.00 -9,000,000.00 17,000,000.00 N/A 75,000,000.00 23,000,000.00
Profit Loss From Discontinued Operations N/A N/A N/A N/A 0.00 N/A N/A -51,235,000.00 N/A 44,000,000.00 23,000,000.00 18,000,000.00 N/A 7,000,000.00 -2,000,000.00
Profit (loss) 39,000,000.00 60,000,000.00 -39,000,000.00 153,000,000.00 179,981,000.00 -3,000,000.00 93,000,000.00 -8,000,000.00 77,000,000.00 112,000,000.00 14,409,000.00 35,000,000.00 60,000,000.00 82,000,000.00 21,000,000.00
Profit Loss Attributable To Owners Of Parent 39,000,000.00 58,000,000.00 -39,000,000.00 146,000,000.00 170,837,000.00 -4,000,000.00 90,000,000.00 8,000,000.00 63,000,000.00 90,000,000.00 -4,034,000.00 28,000,000.00 54,000,000.00 68,000,000.00 16,000,000.00
Profit Loss Attributable To Noncontrolling Interests 0.00 2,000,000.00 0.00 7,000,000.00 9,144,000.00 1,000,000.00 3,000,000.00 -16,000,000.00 14,000,000.00 22,000,000.00 18,443,000.00 7,000,000.00 6,000,000.00 14,000,000.00 5,000,000.00
Line item in (dkk) 01.05.2019 01.02.2020 01.05.2020 01.11.2019 01.02.2021 01.05.2021 01.11.2020 01.08.2021 01.05.2022 01.08.2022 01.11.2022 01.05.2023 01.08.2023 01.11.2023
Profit (loss) N/A -39,000,000.00 60,000,000.00 N/A -3,000,000.00 179,981,000.00 N/A 93,000,000.00 -8,000,000.00 77,000,000.00 35,000,000.00 14,409,000.00 60,000,000.00 21,000,000.00
Adjustments For Decrease Increase In Inventories N/A 11,000,000.00 40,000,000.00 N/A -21,000,000.00 -35,749,000.00 N/A -9,000,000.00 -92,000,000.00 -23,000,000.00 -7,000,000.00 15,723,000.00 25,000,000.00 27,000,000.00
Adjustments For Increase Decrease In Trade Account Payable N/A -38,000,000.00 28,000,000.00 N/A -10,000,000.00 26,602,000.00 N/A -45,000,000.00 -60,000,000.00 -4,000,000.00 -52,000,000.00 -39,513,000.00 -31,000,000.00 -5,000,000.00
Adjustments For Increase Decrease In Other Operating Payables N/A -30,000,000.00 40,000,000.00 N/A 2,000,000.00 -17,224,000.00 N/A -6,000,000.00 -52,000,000.00 9,000,000.00 -27,000,000.00 -25,657,000.00 25,000,000.00 -14,000,000.00
Other Adjustments For Noncash Items N/A 8,000,000.00 6,000,000.00 N/A 3,000,000.00 -6,419,000.00 N/A 3,000,000.00 10,000,000.00 16,000,000.00 -5,000,000.00 -19,168,000.00 -7,000,000.00 2,000,000.00
Cash Flows From Used In Operations N/A -2,000,000.00 287,000,000.00 N/A 70,000,000.00 337,096,000.00 N/A 110,000,000.00 150,000,000.00 102,000,000.00 8,000,000.00 127,268,000.00 147,000,000.00 76,000,000.00
Cash Flows From Used In Operating Activities N/A -10,000,000.00 272,000,000.00 N/A 62,000,000.00 313,069,000.00 N/A 100,000,000.00 89,000,000.00 98,000,000.00 6,000,000.00 83,511,000.00 139,000,000.00 72,000,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 86,000,000.00 86,000,000.00 N/A 0.00 0.00 N/A 50,000,000.00 39,000,000.00 0.00 N/A 0.00 N/A N/A
Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities N/A N/A N/A N/A N/A 28,279,000.00 N/A 0.00 28,000,000.00 0.00 N/A N/A N/A N/A
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 26,000,000.00 59,000,000.00 N/A 66,000,000.00 120,693,000.00 N/A 44,000,000.00 158,000,000.00 27,000,000.00 13,000,000.00 72,470,000.00 14,000,000.00 13,000,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 3,000,000.00 15,000,000.00 N/A 7,000,000.00 18,752,000.00 N/A 4,000,000.00 57,000,000.00 5,000,000.00 6,000,000.00 13,266,000.00 2,000,000.00 1,000,000.00
Cash Flows From Used In Investing Activities N/A -115,000,000.00 -159,000,000.00 N/A -73,000,000.00 -164,802,000.00 N/A -97,000,000.00 -264,000,000.00 -32,000,000.00 -19,000,000.00 -84,478,000.00 -16,000,000.00 -13,000,000.00
Payments To Acquire Or Redeem Entitys Shares N/A N/A N/A N/A N/A N/A N/A 0.00 0.00 -23,000,000.00 N/A N/A N/A N/A
Payments Of Lease Liabilities Classified As Financing Activities N/A 27,000,000.00 87,000,000.00 N/A 20,000,000.00 83,122,000.00 N/A 23,000,000.00 85,000,000.00 22,000,000.00 21,000,000.00 76,530,000.00 23,000,000.00 23,000,000.00
Dividends Paid Classified As Financing Activities N/A 0.00 29,000,000.00 N/A 0.00 28,908,000.00 N/A 0.00 44,000,000.00 0.00 30,000,000.00 29,928,000.00 0.00 15,000,000.00
Cash Flows From Used In Financing Activities N/A -7,000,000.00 -126,000,000.00 N/A -21,000,000.00 -128,580,000.00 N/A -8,000,000.00 51,000,000.00 -62,000,000.00 15,000,000.00 -18,051,000.00 -111,000,000.00 -62,000,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A -132,000,000.00 -13,000,000.00 N/A -32,000,000.00 19,687,000.00 N/A -5,000,000.00 -124,000,000.00 4,000,000.00 8,000,000.00 -19,018,000.00 12,000,000.00 -2,000,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A 2,000,000.00 -6,000,000.00 N/A 1,000,000.00 -296,000.00 N/A 0.00 3,000,000.00 1,000,000.00 0.00 1,690,000.00 1,000,000.00 1,000,000.00
Cash and cash equivalents 156,000,000.00 93,000,000.00 137,291,000.00 223,000,000.00 208,000,000.00 157,000,000.00 239,000,000.00 152,000,000.00 35,000,000.00 40,000,000.00 48,000,000.00 17,674,000.00 31,000,000.00 24,000,000.00

Please note that some sums might not add up.

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2023

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2022

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2021

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Corporate Governance Report
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ISIN

DK0010218189

LEI

5493008AHEOXL9ETQO38

Sector

Materials

Industry Group

Materials

Industry

Chemicals

Sub-Industry

Specialty Chemicals

Listed Stock Exchange

Nasdaq Copenhagen

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