Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Interim Report for Duni AB (publ) January 1 - March 31, 2021


News provided by

Duni AB

22 Apr, 2021, 06:35 GMT

Share this article

Share toX

Share this article

Share toX

BOX, Sweden, April 22, 2021 /PRNewswire/ --

Continued strong impact from restrictions, preparations for easing

January 1–March 31            

  • Net sales amounted to SEK 932 m (1,249), corresponding to an 25.4% decrease in sales. Adjusted for exchange rate movements, net sales decreased by 22.9%.            
  • Earnings per share after dilution amounted to SEK -1.11 (0.43).           
  • The performance of both sales and income for Q1 are directly related to the social restrictions.           
  • The Duni business area is well prepared to meet the increase in demand expected as social restrictions are eased.           
  • Operating income for the BioPak business area nearly doubled from the previous year, from SEK 24 m to SEK 43 m.           
  • Despite a strong focus on costs, investments to future-proof the offering are continuing.

KEY FINANCIALS

                                   

                                   

 

SEK m                                   

                                   

3 months Jan-Mar 2021

                                   

3 months Jan-Mar 2020

                                   

12 months Apr-Mar 2020/2021

                                   

 

12 months Jan-Dec 2020          

                                   

Net sales

 

932

 

1,249

 

4,184

 

 

4,501

                                   

Organic growth

 

-22.9%

 

-4.2%

 

-23.2%

 

 

-18.7%

                                   

Operating income 1)

 

-41

 

80

 

28

 

 

149

                                   

Operating margin 1)

 

-4.4%

 

6.4%

 

0.7%

 

 

3.3%

                                   

Income after financial items 

 

72

 

29

 

-94

 

 

7

                                   

Income after tax 

 

-51

 

22

 

-70

 

 

4

1) For key financials, definitions and reconciliation of alternative key financials, see pages 26-27.
 

CEO's Comment 

Despite low vaccination rates in larger parts of Europe, which led to a relatively unchanged situation since the fourth quarter, we are optimistic about the future. Our experience from last year shows that demand recovers rapidly once the restrictions are lifted.

Continued restrictions put Q1 2021 at par with Q4 2020

Continued restrictions and a low rate of vaccination in our main markets led to a relatively unchanged situation compared with the fourth quarter of 2020. The hotel and restaurant markets, which are the main segments of the Duni business area, are still operating under strict restrictions. It is difficult to foresee when the restrictions will be eased at this time. 

We see continued strong and growing demand for sustainable packaging solutions, which primarily benefits the BioPak business area. The growth in take-away, which has been positive for several years, is further accelerating as most restaurants have transitioned from table service to take-away solutions. The pandemic and its consequences also caused a shortage in container capacity from Asia, which resulted in longer delivery times and increased logistics costs in some cases. During the quarter, we also saw price increases for raw materials, including pulp. We continue to work on mitigating these by having a strict cost focus, but as always, we also review the need for possible price adjustments.

Sales amounted to SEK 932 m (1,249), at fixed exchange rates this corresponds to a sales decrease of 22.9%. The decrease is exclusively attributable to the Duni business area, which focuses on the set table, going down with 48.2% of its sales from the previous year. The BioPak business area, which focuses on sustainable packaging solutions for take-away, increased it sales by 23.7% year-on-year. The Group's lower sales figure has a direct impact on operating income, which amounted to SEK -41 m (80) for the quarter.

As communicated to the market on March 18, we are preparing to apply for government support for fixed costs in Germany. The amount we will apply for is within the range previously communicated and is currently estimated at around EUR 5-6 m for the period November 2020 to March 2021. As the uncertainty about how much we will finally receive is large, revenue has not been reported in the first quarter. If we still qualify for support, we will continue to apply monthly.

Turbulent market in wake of the pandemic

The pandemic has a substantial negative impact on the hotel, tourism and restaurant industry, and it is difficult to foresee exactly when a future recovery will occur. However, restrictions and other measures linked to the pandemic have accelerated a series of trends, especially in sustainability, hygiene and digital interaction. We see new opportunities for both the industry and for Duni Group in these areas, and we are now stepping up our activity in them. 

Preparation for reopening

As the rate of vaccination increases in our main markets, the restrictions will be eased and demand will increase.  In summer 2020, we saw a very rapid recovery based on lower infection rates and eased restrictions. The same pattern was also seen in the third quarter. Our main focus now is to secure the supply chain for our most-in demand products for outdoor dining and take-away. An example of these is our best-seller Sacchetto®, which is both suitable for outdoor dining and contributes to hygienic table service. 

Despite continued market turbulence, we look to the future with confidence. The market is still challenging for the Duni business area, but, conversely, we are pleased with the strong increase in sales for the BioPak business area," says Robert Dackeskog, President and CEO, Duni Group.

For more information, please contact:
Robert Dackeskog, President and CEO, +46 (0)40 10 62 00
Magnus Carlsson, CFO, +46 (0)40 10 62 00
Helena Haglund, Group Accounting Manager, +46 (0)734 19 63 04

Duni AB (publ)
Box 237
SE-201 22 Malmö
Phone: +46 (40) 10 62 00

www.duni.com
Company registration number: 556536-7488

The Duni Group is a market leader in attractive, environmentally-sound and functional 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 around 2,200 employees in 24 countries, its headquarters in Malmö and production units in Sweden, Germany, Poland, New Zealand and Thailand. Duni is listed on the NASDAQ Stockholm under the ticker name "DUNI". Its ISIN code is SE0000616716. 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 07:45 CET on April 22, 2021.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/duni-ab/r/interim-report-for-duni-ab--publ--january-1-march-31--2021,c3330592

The following files are available for download:

https://mb.cision.com/Main/295/3330592/1405389.pdf

Interim Report for Duni AB (publ) January 1â€"March 31, 2021

https://news.cision.com/duni-ab/i/cision,c2903142

CISION

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.