2013 in brief

Continued improved profitability

• Net sales increased to SEK 3,803 (3,669) m
• Operating income (EBIT) increased to SEK 385 (342) m
• The operating margin strengthened to 10.1% (9.3%) 
• The Board proposes that the dividend be increased to SEK 4.00 (3.50) per share

The overall rate of growth was 4.7% in comparable currency. Although the European market as a whole was unchanged and markets in several regions declined somewhat, Duni grew within most areas.

Professional Business Area

Net sales increased to SEK 2,702 (2,682) m, thereby accounting for 71% (73%) of the Group’s net sales. Operating income increased to SEK 356 (337) m, with the operating margin strengthening to 13.2% (12.6%).

The traditional restaurant sector stagnated during the year, but with indications of a degree of improvement during the second half of the year. Catering demonstrated a significantly more positive trend, with Professional enjoying growth in this segment during the year. Customer solutions with a clear environmental profile, as well as new customized concepts, have proven to be successful.

During the year, the business area implemented a new, market-driven organization with greater focus on the take-away segment. This led to sound growth within the segment as well as greater cost efficiency which offset cost increases within other areas.

The acquisition of Song Seng in Singapore has made a positive contribution to earnings and additional synergies are expected within both purchasing as well as sales of Duni's products.

Consumer Business Area

Net sales increased to SEK 603 (551) m, thereby accounting for 16% (15%) of the Group's net sales. Operating income increased to SEK 12 (6) m, with the operating margin strengthening to 2.1% (1.0%).

Consumer grew on all important markets, at the same time as the retail trade began a slow recovery, with slightly positive figures for the year. The volatile business climate which characterizes the retail trade represents a challenge. Thus, a continued attractive product range is of the greatest importance in order to retain and satisfy existing customers and gain new contracts.

The added volumes and the increased capacity utilization have made a positive contribution to the increase in Consumer’s earnings.

Tissue Business Area

Net sales increased to SEK 499 (436) m, thereby accounting for 13% (12%) of the Group's net sales. Operating income increased to SEK 17 (-1) m, with the operating margin strengthening to 3.4% (-0.2%). The increase in earnings is a result of the decision to discontinue external sales to the hygiene products sector.

Through the decision to discontinue the business, operational efficiency has increased, at the same time as measures can be gradually implemented towards the closure.

• This is Duni
• CEO statement
• 2013 in brief
• Financial targets
• Strategy
• Duni's markets
• Trademarks and design
• Growth areas
• Business areas
• Production and distribution
• Corporate social responsibility
• The share