SEK m 3 month 3 month 6 months 6 months 12 months 12 months
s s July- January
April- April- January January June 2013
June June - - 13/14
2014 2013 June June
Net 1 017 914 1 937 1 766 3 975 3 803
Operating 101 91 174 146 414 385 income 1)
Operating 10.0% 10.0% 9.0% 8.3% 10.4% 10.1% margin 1)
Income 99 88 168 137 381 350
Net 73 66 124 103 288 267
Historically strong second quarter and strategically important acquisition of Paper+Design Group 1 April –
· Net sales amounted to
1 January –
· Net sales amounted to
1) For bridge to EBIT, see the section entitled “Operating income - Non-recurring items”.
“Growth of 11% was recorded in the quarter, with all business areas except Materials & Services increasing their sales compared with last year. Net invoicing, amounting to
Operating income amounts to
The trend in our largest business area, Table Top, gradually improved. The market for full-service restaurants has experienced weaker growth than the market in general, and consequently the 7% increase in sales during the quarter was generated by currency effects and also increased market shares. Due to certain disruptions in delivery capability and costs for growth initiative projects, profitability will not fully match that of last year.
The Meal Service business area operates in a more positive market climate. Growth amounts to 8% and we believe that the increase is well in line with the market as a whole. Meal Service is enjoying strong growth in
The Consumer business area has strengthened its positions significantly since 2012. During the past two years, several important contracts have been won and the change in strategy has resulted in a more attractive market offering. Among other things, the “Designs for Duni”® initiative has come to play an increasingly important role and it is pleasing that the concept is continuing to grow with strong profitability. Consumer increased its revenues during the quarter by 36% compared with last year. Paper+Design accounts for approximately one third of the growth. Profitability in the quarter is slightly stronger than last year.
As a consequence of last year's acquisition of
Materials & Services is experiencing a slowdown in sales but with more stable profitability. The trend is entirely in line with the phase-out model decided upon for the hygiene products business.
Duni's overarching ambition is to grow with profitability on prioritized markets. Growth will take place organically through gradually improved efficiency and market offerings, complemented by acquisitions. An additional acquisition was carried out during 2014, at the same time as initiatives vis-À-vis the market were intensified. Improved customer service, enhanced brand attractiveness and improved cooperation between market, logistics and sales are very highly prioritized in the work going forward.
As we now enter the second half of the year, we are doing so supported by underlying growth and the acquisition of Paper+Design. This is, of course, very gratifying, and top priority is now being given to implementing efficient, value-driving integration work,” says
Additional information is provided by:
Duni is a leading supplier of attractive and convenient products for table setting and take-away. The Duni brand is sold in more than 40 markets and enjoys a number one position in Central and
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http://mb.cision.com/Main/295/9615504/266049.pdf Interim Report for
SEK m 3 month 3 month 6 months 6 months 12 months 12 months s s July- January -December April- April- January January June 2013 June June - - 13/14 2014 2013 June June 2014 2013 Net 1 017 914 1 937 1 766 3 975 3 803 sales Operating 101 91 174 146 414 385
income 1) Operating 10.0% 10.0% 9.0% 8.3% 10.4% 10.1%
margin 1) Income 99 88 168 137 381 350 after financial items Net 73 66 124 103 288 267 income