Duni : sales development and preliminary result for the fourth quarter
January 22, 2021 at 05:10 am
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1/22/2021 11:00 AM
Duni Group's sales and result is still strongly affected by the social restrictions introduced during the Covid-19 pandemic. Following a gradual recovery in the third quarter in the Duni segment, which sells mainly to hotels and restaurants, the fourth quarter saw demand fall as a consequence of increased restrictions.
Sales in the quarter amounts to approximately SEK 1,175 m (1,558). Operating income is estimated to approximately SEK 55 m (199). The decrease in sales of 24.5% is directly attributable to the Duni segment. During the quarter its important customer segments, hotels and restaurants, was essentially closed down throughout Europe as a consequence of tougher restrictions to limit the spread of infection. This had a particular impact in the fourth quarter, when Christmas sales normally contribute to very strong seasonal sales. The BioPak segment increased its sales by 8.5% in the quarter. Stricter restrictions and closures drive consumption towards the take-away market where BioPak is well positioned.But this sales increase was not able to compensate for the downturn in the Duni segment.
There is still a high level of uncertainty about the future, as sales are directly affected by the development of the pandemic and the associated restrictions in society.
The final results for the fourth quarter will be published on February 12 at 07:45 CET. A telephone conference will be held at 10:00 with CEO Robert Dackeskog and CFO Magnus Carlsson.
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For further information, please contact:
Robert Dackeskog, President and CEO, tel. +46 40 10 62 00, Email:robert.dackeskog@duni.com
Magnus Carlsson, CFO, tel. +46 40 10 62 00, Email:magnus.carlsson@duni.com
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Duni Group is a market leader in attractive, sustainable and convenient products for table setting and take-away. The Group markets and sells two brands, Duni and BioPak, which are represented in more than 40 markets. Duni has some 2,400 employees in 24 countries, headquarters in Malmö and production units in Sweden, Germany, Poland, New Zealand and Thailand. Duni is listed on NASDAQ Stockholm under the ticker name 'DUNI'. ISIN-code is SE 0000616716. This information is information that Duni AB is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11:00 am CET on January 22, 2021.Duni.com
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Duni AB published this content on 22 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 January 2021 10:09:08 UTC
Duni AB is a Sweden-based company that designs, produces and markets table setting products. It also provides packaging and packaging systems to the take-away market. In March 2014, the Company introduced new organizational structure, based on five business areas. The Professional business area was divided in three separate ones: the Table Top, offering napkins, table coverings and candles for traditional restaurants in Europe; the Meal Service, manufacturing products for take-away packaging, serving and catering, targeting fast food segment; and the New Markets, active in geographic markets outside Europe. In addition, it is active in the Consumer business area, focused on the grocery retail trade; and the Materials and Services, comprising all other sales, such as tissue paper and hygiene products. Duni AB operates in over 15 countries and has production units in Sweden, Germany and Poland. In June 2014, it acquired 100% of the shares in the Paper+Design Group.