News | Weak sales

Back

Flügger wants to consolidate its store network

Flügger operates about 150 stores in Denmark.

Flügger operates about 150 stores in Denmark.

The sales of Danish paint manufacturer and retailer Flügger came to EUR 136.0 mio in the first six months of its fiscal year 2018/2019. This signals a decline of 1 per cent compared with the same period in the previous year. In local currencies, revenue increased by 2 per cent. EBIT decreased by 15 per cent to EUR 12.2 mio in the same period. Flügger therefore continues to focus strongly on reducing costs, citing the consolidation of its store network in particular as one measure.

Flügger's revenue was heavily influenced by negative exchange rates, in which especially the trend in the Swedish krona has been unfavourable. In its domestic market in Denmark and in Poland, the group is experiencing growth, as revenue here rose by respectively 4 per cent and 12 per cent (14 per cent in local currency). Revenue in Sweden fell by 9 per cent (-2 per cent in local currency), sales in Norway decreased by 1 per cent (0 per cent in local currency), and exports to other countries fell by 4 per cent (-5 per cent in local currency). Costs for raw materials, including binders, titanium dioxide and fly ash, as well as transport costs, were characterised by significant price increases, which affected earnings.

|22 January 2019


More about the company
SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

Total number of DIY stores in Italy increases by eleven

The number of DIY stores in Italy increased in the first six months of year to 768. Following 24 new openings and 13 closures, this adds eleven View news...

Timber prices and punitive tariffs dampen Home Depot expectations

The fall in the price of timber and the announcement of further punitive tariffs have caused Home Depot to downplay its sales expectations. Instead View news...

Exhibitors from 17 countries at Expo F and Inter Lumi

The dual trade show Expo F (hardware) and Inter Lumi (lighting) in Panama attracted 127 companies from 17 countries in Asia, Europe and North and View news...

Obi’s net sales increase by 5.5 per cent

The German market leader Obi increased its net sales in the last financial year by 5.5 per cent to EUR 6.4424 bn. Sales in Germany amounted to EUR View news...