Nasdaq CopenhagenIFRS · EUR

STARK GROUP A/S

STARK GROUP A/S is a Denmark-based building materials distributor serving professional customers across Northern Europe. The group supplies a broad range of construction products through a multi-country branch and distribution network, with operations organized around the Nordics, Germany & Austria, and the United Kingdom.

Kysy yhtiöstä
Liikevaihto7 760milj. EUR
+0,0 %v/v
Liikevoitto (EBIT)−42,0milj. EUR
+0,0 %v/v
EBIT-marginaali−0,5%
+0,0 %-yks.v/v
Nettotulos−286milj. EUR
+0,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−2 00002 0004 0006 0008 000milj. EUR2022: 7 054 milj. EUR2022: EBIT 353 milj. EUR20222023: 7 780 milj. EUR2023: EBIT −9,0 milj. EUR20232024: 7 760 milj. EUR2024: EBIT −42 milj. EUR20242025: 7 760 milj. EUR2025: EBIT −42 milj. EUR20257 760−42
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: STARK GROUP A/S

Liiketoiminta

Osuus liikevaihdosta
Building materials distribution60 %

Core wholesale and branch-based distribution of construction materials to professional buyers.

Timber and lumber15 %

Wood-based products used in structural, framing, and finishing applications.

Joinery and interiors10 %

Doors, windows, and interior building products for new-build and renovation work.

Roofing and façade products10 %

Materials and systems used for exterior building envelope work.

Tools and consumables5 %

Fasteners, hand tools, and site consumables sold alongside core materials.

Asiakkaat

The company primarily sells to professional builders, contractors, and tradespeople that need reliable access to a broad assortment of construction materials. It also serves smaller construction firms and renovation specialists that value local branch support, delivery, and product availability. Customer demand is tied to housing, repair and maintenance, and commercial construction activity across its operating markets.

Professional contractors

Buy large volumes of core building materials for new-build and infrastructure-related projects.

Builders and tradespeople

Purchase mixed baskets of materials, tools, and consumables for day-to-day construction work.

Renovation and refurbishment specialists

Source timber, doors, windows, and finishing products for repair and upgrade projects.

Small and mid-sized construction firms

Use the branch network for availability, logistics, and recurring supply relationships.

Strategia

The group’s strategy is centered on serving professional construction customers through a broad product range, local market coverage, and efficient distribution. Its segment structure suggests a focus on scale, procurement, and logistics across multiple Northern European markets rather than a single-country model. Operational integration and portfolio management matter because the business relies on availability, service levels, and network density to win recurring contractor demand.

Network and logistics efficiencyKeskipitkä aikaväli

Construction customers value fast availability and reliable delivery, so distribution efficiency supports retention.

Segment-level operational disciplineKeskipitkä aikaväli

The business is run through distinct regional segments, making execution and consistency important for competitiveness.

Portfolio and capital managementLyhyt aikaväli

Ongoing ownership and subsidiary management affect structure and focus in a multi-entity group.

Maantiede

STARK Group operates across three core regions: the Nordics, Germany & Austria, and the United Kingdom. Its business is geographically diversified but still concentrated in Northern European construction markets, where local branch density and logistics capability are important competitive advantages.

Riskit

The business is exposed to construction-cycle volatility, since demand for building materials follows housing, renovation, and commercial activity. It also faces execution risk from running a multi-country distribution network, where service levels, procurement discipline, and logistics efficiency affect competitiveness. Company-specific restructuring, lease, acquisition, and subsidiary-ownership complexities can also create accounting and operational volatility.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Construction market cyclicality1Restructuring and transformation charges2Execution risk in distribution network3Lease and subsidiary accounting complexity4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Construction market cyclicalityVaikutus: KorkeaTodennäköisyys: Korkea

    Demand for building materials depends on housing, renovation, and commercial construction activity.

    Kohdistuu: All operating regions

  2. Restructuring and transformation chargesVaikutus: KeskitasoTodennäköisyys: Korkea

    The annual report references non-recurring items related to transformation and restructuring.

    Kohdistuu: Group-wide

  3. Execution risk in distribution networkVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company competes on availability, delivery, and branch service across several markets.

    KohdistuuNordicsGermany & AustriaUnited Kingdom
  4. Lease and subsidiary accounting complexityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Large lease obligations and multi-layer subsidiary ownership can add accounting judgment and volatility.

    Kohdistuu: Group reporting

Kysy Clarifolta: STARK GROUP A/S

Kirjanpito

Harkinnanvaraiset erät
Adjusted earnings presentation

The report excludes non-recurring transformation and restructuring items to show underlying performance.

Vaikutus: Can materially change operating profit comparability versus statutory accounts

IFRS 16 leases

The company notes new lease contracts and lease remeasurements, indicating significant lease accounting effects.

Vaikutus: Raises lease liabilities and affects EBITDA, depreciation, and interest expense

Capitalized interest

Interest capitalization is mentioned as a non-cash item in related-party loans.

Vaikutus: Increases asset carrying values and delays expense recognition

Consolidation of partially owned subsidiaries

Balzer Group entities are owned through vertical and horizontal structures and deemed controlled.

Vaikutus: Affects revenue, assets, and non-controlling interests

Päivitetty: 24.10.2026