Brief: Flugger FY EBIT Up At DKK 228 Mln

Flugger A/S

24/06/2021 13:57

June 24 (Reuters) - Flügger group A/S  FLUGb.CO :
    * FY 2020/21 REVENUE WAS DKK 2,162 MLN COMPARED TO DKK 1,895
MLN
PREVIOUS YEAR, CORRESPONDING TO 14% GROWTH
    * FY 2020/21 EBIT INCREASED TO DKK 228 MLN FROM DKK 83 MLN
PREVIOUS YEAR, EQUATING TO EBIT MARGIN OF 10.6% 
    * LONG-TERM OBJECTIVES HAVE BEEN ADJUSTED 
    * NOW AIMS TO ACHIEVE REVENUE OF DKK 3.5 BLN AND EBIT MARGIN
OF
10% IN 2023/24, REVISED UPWARDS FROM DKK 2.5 BLN AND EBIT MARGIN
OF +8% ANNOUNCED PREVIOUSLY
    * EXPECTS INCREASE IN REVENUE TO BE ACHIEVED BY CONTINUING
TO
FOCUS ON EFFICIENCY IMPROVEMENTS AND INCREASED DIGITISATION,
THROUGH COMBINATION OF ORGANIC GROWTH AS WELL AS ACQUISITIONS IN
EXISTING MARKETS, PREFERABLY INCLUDING IN EASTERN EUROPE
    * REVENUE IN 2021/22 IS EXPECTED TO BE DKK 2,500–2,700 MLN 

    
    
 Source text: https://bit.ly/2T5usOG
    
 Further company coverage:  FLUGb.CO  
   


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