Stronger operating income and strategically niched acquisitions
- Net sales amounted to
SEK 1,736 m (1,877), corresponding to a 7.5% decrease in sales. At fixed exchange rates, net sales decreased by 7.5%. -
The gross profit amounted to
SEK 435 m (391), an increase of 11.2% in absolute terms compared with the same period last year. The gross margin increased by 4.2 percentage points. -
Operating income amounted to
SEK 140 m (130), corresponding to an increase of 7.6% compared with the same period last year. -
Continued expansion in the field of sustainable, innovative food packaging solutions with majority acquisition of German company Relevo and acquisition of Australian company Huskee. The acquisition of
New Zealand -basedDecent Packaging in December was included in the Group's consolidation from February. -
The quarter reported a continued low net debt and a strong financial position.
Key financials | 3 months | 3 months | 12 months | 12 months |
Jan-Mar | Jan-Mar | Apr-Mar | Jan-Dec | |
SEK m | 2024 | 2023 | 2023/24 | 2023 |
Net sales | 1,736 | 1,877 | 7,577 | 7,718 |
Organic growth | -9.1% | 23.5% | -2.0% | 5.2% |
Operating income1) | 140 | 130 | 726 | 716 |
Operating margin1) | 8.1% | 6.9% | 9.6% | 9.3% |
EBIT | 123 | 111 | 659 | 648 |
EBIT margin | 7.1% | 5.9% | 8.7% | 8.4% |
Income after financial items | 109 | 93 | 609 | 593 |
Income after tax | 83 | 90 | 436 | 443 |
Earnings per share attributable to equity holders of the Parent Company | 1.66 | 1.65 | 8.31 | 8.30 |
Return on capital employed, excluding goodwill | 27.1% | 18.2% | 27.1% | 31.5% |
1) For reconciliation of alternative key financials, definition of key financials and glossary, see pages 26-27. |
CEO's comment
Improved income despite weak European market
Despite falling inflation, we see a lower demand, due to lagging effects on household finances, especially in
Net sales decreased to
Better price and cost balance in both business areas
The Dining Solution business area´s net sales decreased to
During the quarter, Food Packaging Solutions launched a new, plastic-free food packaging solution with a unique seaweed coating, which offers both functionality and improved environmental performance, demonstrating the Group's focus on material development. Net sales decreased to
Expanding in food packaging solutions
During the quarter, the Group continued to expand in the field of food packaging solutions in the
During the quarter, the Group also acquired a majority stake in the German startup company Relevo. This
Strong financial position
After a couple of smaller acquisitions, the Group still has a strong financial position with room for maneuver for future growth opportunities.
Going forward, we see continued uncertainty in the market and a geopolitical instability.
However, our hope is that the lingering economic challenges for households will ease towards the end of the year.
Robert Dackeskog,
President and CEO,
For additional information, please contact:
+46 (0)40-10 62 00
magnus.carlsson@duni.com
+46 (0)76-819 83 26
katja.margell@duni.com
Box 237
201 22 Malmö
Phone: +46 (0)40-10 62 00
www.dunigroup.com
Company registration number: 556536-7488
This information is information that
https://news.cision.com/duni-group/r/interim-report-january-1---march-31--2024,c3966384
https://mb.cision.com/Main/295/3966384/2753677.pdf
https://news.cision.com/duni-group/i/graph-1,c3292632
https://news.cision.com/duni-group/i/graph-2,c3292631
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