Year-End Report for Duni AB (publ) 1 January - 31 December 2018

BOX, Sweden, Feb. 14, 2019 /PRNewswire/ --

1 October – 31 December

• Net sales amounted to SEK 1,460 m (1,254). Adjusted for exchange rate movements, net sales increased by 11.9%. Organic growth for the quarter was 1.5%.
• Earnings per share after dilution amounted to SEK 1.21 (2.55) SEK.
• Pulp prices remain high, increasing year-on-year by approximately 35%.
• Price increases to compensate for the raw material prices have been implemented and further price increases have been initiated.
• Duni acquired 75% of the shares in BioPak Ltd based in Australia and New Zealand, which is consolidated in New Markets since mid-October.

1 January – 31 December

• Net sales amounted to SEK 4,927 m (4,441). Adjusted for exchange rate movements, net sales increased by 6.0%.
• Earnings per share after dilution amounted to SEK 5.22 (6.99).
• Prices for input material have increased dramatically during the year, impacting all business areas except Meal Service.
• 75% of the shares in Biopac UK Ltd were acquired, and is consolidated in the Meal Service business area since February.
• The Board of Directors proposes a dividend of SEK 5.00 (5.00) per share, to be divided into two installments.

Key Financials

 

SEK m	3 months Oct-Dec 2018	3 months Oct-Dec 2017	12 months Jan-Dec 2018	12 months Jan-Dec 2017
Net sales	1,460	1,254	4,927	4,441
Operating income1)