Interim Report for Duni AB (publ) 1 January - 30 June 2019

MALMÖ, Sweden, July 12, 2019 /PRNewswire/ -- The margin program contributes to a historically strong second quarter

1 April – 30 June

• Net sales amounted to SEK 1,348 m (1,197), corresponding to a 12.6% increase in sales. Adjusted for exchange rate movements, net sales increased by 9.9%.

• Earnings per share after dilution amounted to SEK 1.41 (1.39).

• Gradually declining raw material prices combined with the implemented price increases contributes to a recovery of the margin.

1 January – 30 June

• Net sales amounted to SEK 2,612 m (2,277), corresponding to a 14.7% increase in sales. Adjusted for exchange rate movements, net sales increased by 11.1%.

• Earnings per share after dilution amounted to SEK 2.49 (2.61).

• Positive contribution from price increases and BioPak in Australia, which was acquired in October 2018.

• Continuing higher expenses for input materials and increased year-on-year expenses for logistics services.

KEY FINANCIALS

SEK m	3 months Apr-Jun 2019	3 months Apr-Jun 2018	6 months Jan-Jun 2019	6 months Jan-Jun 2018	12 months  Jul-Jun 2018/2019	12 months Jan-Dec 2018
Net sales	1,348	1,197	2,612	2,277	5,263	4,927
Organic growth	-2.1%