Nasdaq CopenhagenIFRS · EUR

STARK SOURCING A/S

STARK SOURCING A/S is the Danish holding and sourcing entity associated with STARK Group, a building materials distribution business serving the professional construction market. The group’s business centers on supplying tradespeople and contractors with materials used in residential, commercial, and infrastructure projects across its operating markets.

Revenue7,054m EUR
+0.0 %y/y
Operating profit (EBIT)353m EUR
+0.0 %y/y
EBIT margin5.0%
+0.0 ppy/y
Net income144m EUR
+0.0 %y/y

Fiscal year 2023 · change from previous year

Development 2020–2023

02,0004,0006,0008,000m EUR2020: 1,474 m EUR2020: EBIT 64 m EUR20202021: 5,995 m EUR2021: EBIT 288 m EUR20212022: 7,054 m EUR2022: EBIT 353 m EUR20222023: 7,054 m EUR2023: EBIT 353 m EUR20237,054353
RevenueOperating profit (EBIT)

Business

Share of revenue
Building materials55 %

Core construction inputs such as timber, boards, insulation, roofing, and related materials.

Plumbing and heating15 %

Products used in installation, repair, and renovation of water and heating systems.

Tools and consumables15 %

Hand and power tools plus fasteners, fixings, and day-to-day jobsite consumables.

Site supplies and related products10 %

Ancillary products used on construction sites, including safety and maintenance items.

Sourcing services5 %

Procurement and supply-chain services that support customer purchasing and availability.

Customers

The company serves professional buyers in the construction ecosystem, especially contractors, tradespeople, and builders that need reliable access to a broad product range. Demand is tied to new-build activity, renovation, and repair work, so customers value product availability, local branch support, and fast delivery.

Contractors

Buy bulk building materials and job-specific supplies for construction projects and value breadth, delivery, and availability.

Tradespeople

Purchase recurring small-ticket materials, tools, and consumables for day-to-day work.

Renovation and repair customers

Buy materials for refurbishment, maintenance, and replacement work where fast fulfillment matters.

Public and private builders

Source standardized building products for residential, commercial, and infrastructure jobs.

Strategy

The business strategy is centered on being a dependable sourcing and distribution platform for professional construction customers, with breadth of assortment and high product availability. Competitive strength depends on local market coverage, procurement scale, and efficient logistics that support recurring trade demand.

Broaden and maintain assortmentShort term

Professional customers expect one-stop availability across core construction categories.

Improve sourcing efficiencyMedium term

Procurement scale supports competitive pricing and product availability.

Strengthen local service and logisticsMedium term

Fast delivery and local support are decisive in professional building materials distribution.

Geography

STARK SOURCING A/S is Denmark-based and tied to a Nordic building-materials distribution platform. Its business is shaped by local branch networks and regional construction markets, which makes proximity to customers and suppliers important for service levels and logistics.

Risks

The business is exposed to construction-cycle volatility because customer demand depends on building and renovation activity. It also faces supply-chain, inventory, and margin pressure risks typical of distribution models, where availability, transport costs, and procurement execution directly affect competitiveness.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Construction market cyclicality1Supply-chain and availability risk2Inventory and working-capital risk3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Construction market cyclicalityImpact: HighLikelihood: High

    Demand is tied to residential, commercial, and renovation activity.

    Exposure: Professional building materials distribution

  2. Supply-chain and availability riskImpact: HighLikelihood: Medium

    A sourcing-led model depends on timely procurement and logistics execution.

    Exposure: Product availability and customer service

  3. Inventory and working-capital riskImpact: MediumLikelihood: Medium

    Broad assortments and regional stocking can create mismatch between demand and inventory.

    Exposure: Stock levels and obsolescence

Accounting

Judgemental items
Inventory valuation

Distribution businesses hold broad product ranges that can become obsolete or require write-downs.

Impact: Affects reported margin and working-capital quality

Supplier rebates and trade discounts

Purchasing incentives can change the timing and presentation of cost of goods sold.

Impact: Affects gross profit recognition

IFRS 16 leases

Branch and warehouse locations are often leased, creating right-of-use assets and liabilities.

Impact: Affects EBITDA, leverage, and depreciation/interest split

Publicly listed companies with a comparable business focus.

Last updated: 24/10/2026