Financial targets
Since being listed on the Stockholm Stock Exchange in November 2007, Duni has had consistent financial targets with respect to growth and profitability. Generally, the profitability target has been achieved, while growth has been below-target. In order to increase the rate of growth, Duni has adopted strategic measures to increase focus on higher growth markets and areas.
Growth
Duni's target is an average annual organic growth in sales in excess of 5% per year over a business cycle. In addition, Duni may consider acquisitions in order to reach new growth markets or strengthen its position on existing markets.
Profitability
The target is that Duni's operating margin shall amount to 10% or more. Profitability shall be increased through sales growth, continued focus on premium products, and continued improvements within purchasing and production.
Dividend policy
It is the Board’s intention that, in the long term, dividends shall amount to at least 40% of income after tax.
Content
Duni's candles are quality-marked and color-coordinated with other products
Sales growth 5%
at fixed exchange rates
Sales growth | |
2009 | -2,8 |
2010 | 0,2 |
2011 | -0,8 |
2012 | -1,6 |
2013 | 3,3 |
Operating margin 10%
Operating margin | |
2009 | 10,3 |
2010 | 10,9 |
2011 | 10,6 |
2012 | 9,3 |
2013 | 10,1 |
Dividend, 40% of profit
Dividend for 2013 relates to the Board's proposal
Dividend | |
2009 | 35 |
2010 | 53,7 |
2011 | 63,1 |
2012 | 132,9 |
2013 | 70,4 |
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