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(will not be published)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

Epicentr expands with smaller format

The Ukrainian DIY market leader Epicentr continues the expansion of its slightly smaller format. The company opened the seventh store in this format View news...

French DIY market growing, DIY sales declining

The do-it-yourself market in France grew by 0.4 per cent to a volume of EUR 26.0 bn in 2018. However the DIY stores made 0.3 per cent less sales View news...

Easter Greetings!

We wish all users of DIYinternational.com and all our advertisers a Happy Easter. The team of Dähne Verlag View news...

Homebase cuts losses following closures and job reductions

Following its acquisition by Hilco Capital in June 2018, the British DIY chain Homebase has substantially reduced its losses. A press release states View news...

Actual figures

Statistics Home Improvement Europe


Statistics Home Improvement
This brochure provides a competent overview of the situation in the Home Improvement sector in 31 European countries.

Order now!

6th Global DIY Summit 2018

Ledvance, future of lighting

Ledvance

LEDVANCE: Impulses for the future of lighting

More than 1 100 participants came to the 6th Global DIY Summit in Barcelona. Here are the portraits of some of the most important companies that exhibited at the International Congress Exhibition.

Gallery