Year-end Report for Duni AB (publ) January 1 - December 31 2019 - Seite 4

As previously announced, we decided to build two global brands, Duni and BioPak, and change our organization in line with this. Our current organizational structure of four business areas is now being transformed into one global sales and one global marketing function. In line with this, the Duni Group will report income for the Duni and BioPak segments as of the first quarter of 2020.

Goodwill impairment

Given the weak income performance of Duni Song Seng in Singapore and Sharp Serviettes in New Zealand since the second half of 2018, an impairment loss on goodwill totaling SEK 58 m was incurred in the quarter. Extensive improvement programs are underway in both companies.

Stable prices

Pulp prices stabilized during the quarter but are expected to rise again in 2020," says Johan Sundelin, President and CEO, Duni Group.

¹⁾ Currency-adjusted growth including acquisitions, which are compared with the previous year's pro forma figures.

For more information, please contact:
Johan Sundelin
President and CEO
[phone]

Mats Lindroth
CFO and EVP Finance
[phone]

Helena Haglund
Group Accounting Manager
[phone]

Duni AB (publ)
Box 237
SE-201 22 Malmö
Phone: [phone]
www.duni.com

Company registration no.: 556536-7488

Duni Group is a market leader in attractive, sustainable and convenient 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 Group has around 2,400 employees in 24 countries, its headquarters in Malmö and production units in Sweden, Germany, Poland, New Zealand and Thailand. Duni Group 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 am CET on February 7, 2020.

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The following files are available for download:

https://mb.cision.com/Main/295/3030061/1189962.pdf	Year-end report for Duni AB (publ) January 1 â€" December 31 2019
https://news.cision.com/duni-ab/i/q4-cision,c2745477	Q4 CISION
https://news.cision.com/duni-ab/i/duni-johan-sundelin-15559hr-color,c2 ...	Duni Johan Sundelin 15559HR Color