Flugger Group A/s Class B · OMXCOP:FLUG_B

Flugger Group A/s Class B — H1 2025/26 Earnings Presentation

14 slides from Flugger Group A/s Class B's earnings presentation, December 2025

  1. Slide 1: Investor presentation | Q2 2025/26

    Investor presentation | Q2 2025/26

  2. Slide 2: Flügger at a glance

    Investor presentation | Q2 2025/26 Flügger at a glance Selected 2025/26 numbers Flügger’s business model Revenue bnDKK EBIT mDKK Production Sales channels Customers (Guidance) (Guidance) Own stores 2.2 - 2.4 100 - 120 Franchisees/resellers BtB E-commerce R&D BtC Full-time employees Own store markets

  3. Slide 3: H1 delivered growth from core Flügger-branded markets and a group gross margin improvement

    Investor presentation | Q2 2025/26 H1 delivered growth from core Flügger-branded markets and a group gross margin improvement H1 2025/26 Group figures (May – October 2025), mDKK Revenue Gross margin% EBIT +2% +1.6pp +1% 1.243 1.264 54.9% 56.5% 140 141 2024/25 2025/26 2024/25 2025/26 2024/25 2025/26

  4. Slide 4: Good momentum in largest markets, Nordic & Poland offsetting out-phased DIY volume

    Investor presentation | Q2 2025/26 Good momentum in largest markets, Nordic & Poland offsetting out-phased DIY volume and decline in other markets/Partnerships H1 2025/26 sales by segment (May – October 2025), mDKK Nordic International Partnerships +2% +2% -1% 817 835 264 269 162 160 13 Other 12 Oth

  5. Slide 5: Nordic realized improved EBIT-margin. International delivered strong performance in Poland

    Investor presentation | Q2 2025/26 Nordic realized improved EBIT-margin. International delivered strong performance in Poland offset by other markets H1 2025/26 Segment (May – October 2025), mDKK Nordic International Partnerships Other countries mDKK H1 25/26 YoY mDKK H1 25/26 YoY mDKK H1 25/26 YoY

  6. Slide 6: Branding strategy

    Investor presentation | Q2 2025/26 Branding strategy One global brand story told through 5 locally relevant voices Julius Værnes Iversen, DK Nikolaj Manuel Vonsild, DK Sara Garanty, SE Fam Irvoll, NO Daria Majewska, PL 6

  7. Slide 7: Strong assortment for 2026 high season – new Silicate platform introduced

    Investor presentation | Q2 2025/26 Strong assortment for 2026 high season – new Silicate platform introduced Exterior overview: 7

  8. Slide 8: Revenue driven by increased sales in Nordic & Poland

    Investor presentation | Q2 2025/26 Revenue driven by increased sales in Nordic & Poland. Volume affected by phaseout of DIY & lower other markets. 1% growth from currencies Revenue development (mDKK) Revenue effects H1 25/26 (mDKK) Revenue Revenue Revenue, LTM Revenue, LTM 1% 1% 2% 700 2.400 1.264 6

  9. Slide 9: EBIT driven by gross profit improvements offsetting one-off costs

    Investor presentation | Q2 2025/26 EBIT driven by gross profit improvements offsetting one-off costs EBIT development (mDKK) EBIT effects H1 25/26 (mDKK) EBIT EBIT, LTM EBIT EBIT LTM 150 150 100 16 100 50 32 0 50 -50 15 0 -100 141 140 -150 -50 -200 -100 -250 H1 H1 H1 H1 FY GP S&D Adm. FY 22/23 23/24

  10. Slide 10: Satisfactory working capital and investment requirements; NIBD downward trend continued

    Investor presentation | Q2 2025/26 Satisfactory working capital and investment requirements ending in line with last year. Downward trend of NIBD continued Net working capital (mDKK) Financial solidity2 (mDKK) WC Working Capital Working Capital / Ratio1 Ratio% NIBD NIBD NIBD / EBITDA NIBD/EBITDA 600

  11. Slide 11: Additional DKK 10/share dividend payout in conjunction with the H1 report

    Investor presentation | Q2 2025/26 Additional DKK 10/share dividend payout in conjunction with the H1 report Price/earnings development Share price development incl. reinvested dividends Accumulated dividend Stock price, ultimo Dividend/share proposed P/E, LTM Incl. discontinued Incl. discontinued o

  12. Slide 12: 2025/26 financial guidance maintained

    Investor presentation | Q2 2025/26 2025/26 financial guidance maintained 2025/26 headlines Financial ambitions Stabile organic growth of earnings DKK 10/share ▪ Flat to minor increase for professional painters in the Nordics r re e e g s r e dividend payout in conjunction with Cash flow for attracti

  13. Slide 13: Share price development

    Investor presentation | Q2 2025/26 Share price development Flügger’s share price development Flügger’s relative share price development (indexed) Share price Share price (DKK) Volume (# of shares) Price indexed Flügger Akzo Nobel 800 280 PPG 700 240 Sherwin Williams 600 200 500 160 400 310 120 300 8

  14. Slide 14: Flugger

    Flugger

Flügger Group — H1 2025/26 Earnings Presentation on 6ix