IR presentation Q2
December 2021
Flügger Management team
The management team of Flügger
Sune Schnack, CEO | Poul Erik Stockfleth, CFO | Ulf Schnack, CDO | ||||
Previous experience | Previous experience | Previous experience |
2
Flügger at a glance
Key LTM figures H1 20/21
Revenue mDKK | EBIT mDKK |
2,377 219
Full-time employees | Markets |
2,526 17
End of Q2 21/22
No. factories | No. stores |
12388
Flügger's Business model
Production | Sales channels | Customers |
Own stores
BtB
Franchise stores
R&D | E-commerce |
BtC |
DIY etc.
Brand examples
Segment 1 | |
Private label | Segment 2 |
Private label | Segment 3 |
3
Flügger is an international player within decorative coatings
Largest west markets (revenue DKKm) | Largest east markets (revenue DKKm) | |
Denmark | = share of | Russia |
Flügger revenue |
795 | 171 | ||||
#1 | #2 | #3 | #1 | #2 | #3 |
Sweden | Estonia |
604 | ||
#1 | #2 | #3 |
Norway | ||
239 | ||
#1 | #2 | #3 |
50 | ||
#1 | #2 | #3 |
Ukraine |
117 | ||
#1 | #2 | #4-5 |
Poland | ||
412 | ||
#1 | #2 | #4-5 |
- export and other markets
Belarus
49 | ||
#1 | #2 | #3 |
4
4
Intensifying strategic initiatives will drive profitable growth & efficiency
Key strategic initiatives towards an EBIT of 350 mDKK in 2023/24
Key strategic targets towards 2023/24
1
2
3
4
5
6
VALUE BASED PRICING
COMMERCIAL FOOTPRINT
COMPOUND GROWTH
OPERATIONAL FOOTPRINT
ASSORTMENT
-
STOCK
DIGITALISATION
Optimization of pricing across product and segments as well as focusing on margin enhancing initiatives.
Consolidation of own stores and expansion of franchise stores; in addition, focusing on direct deliveries.
Growth to be derived from a combination of acquisitions and organic initiatives.
Optimization of production sites and development of logistical footprint.
Harmonized assortment across core markets and utilize synergies within GFR across segments and channels.
Customer centric digitalization and automated aligned processes.
Revenue | EBIT | ROCE |
3.5 | 10% | 18% |
bDKK | margin |
Sustainability targets towards 2030*
ReColor Production
Carbon neutral by 2030
ReColor Packaging
75% recycled plastic by 2030
ReColor Paint
100% sustainable paint by 2030
* Above sustainability targets (ReColor) are set for Flügger products (segment 1) only. Separate targets will run for segment 2 and segment 3 | 5 |
5 | |
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Flügger group A/S published this content on 17 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 December 2021 09:08:03 UTC.