Ankündigung • May 14
Duni Group Launches Assured Carbon Footprint Calculator Duni Group's new assured Carbon Footprint Calculator provided consistent and data-driven carbon footprint insights for the company's own-produced napkins and table covers. This tool made it easier for customers to make informed, more sustainable choices and reduce their climate impact. As demand for product-level CO2 data continues to grow, transparency and consistency are becoming increasingly important for both customers and companies. The Carbon Footprint Calculator also supports customer dialogue by enabling comparisons between Duni Group's own-produced napkins and relevant industry-average reference data for virgin tissue in Europe. The model that the tool is based on is independently assured by the Carbon Trust in accordance with ISO 14067:2018. This third-party assurance strengthens the credibility of how product carbon footprints are calculated and communicated. The underlying data is sourced from Duni Group's climate reporting. In addition to its customer benefits, the tool supports Duni Group's ongoing efforts to reduce carbon emissions by strengthening internal decision-making. Duni Group has previously launched a similar calculator for its food packaging assortment. Ankündigung • May 06
Duni Group Launches Black Paper-Based Packaging Collection Duni Group launched Tray Contrast and Ronda Contrast - a black paper-based packaging collection developed to enhance the visual presentation of food and facilitate sorting in relevant systems, while the material choice contributes to a lower climate impact. Black packaging has long been used to create contrast and enhance food presentation, but black plastic solutions can be difficult to sort. With Tray Contrast and Ronda Contrast, Duni Group now offers a paper-based alternative that retains the appreciated black contrast while facilitating sorting in existing systems. The collection consists of black paper-based trays and bowls with a functional barrier, combined with transparent lids for clear on-shelf and take-away visibility. The packaging is primarily intended for cold food but can be used up to 70 °C, and the lids have a tight fit to ensure safe handling. The trays and bowls are made from FSC®-certified and other controlled materials, without added PFAS. Part of the collection can also be custom branded to match the customer's unique graphic identity. For a sushi restaurant selling approximately 500 portions per week, switching from a black plastic tray weighing 20 g to this paper-based tray solution can reduce the use of plastic by up to around half a tonne per year, depending on the selected format. The launch is part of Duni Group's work to unite form, function and responsibility in everyday dining occasions - and supports the ambition to contribute to future sustainable and inspiring food experiences. A comparative life-cycle calculation in Duni Group's verified CO2 calculator showed that Tray Contrast has a lower calculated climate impact per tray than a reference tray made of black PET. The comparison is based on defined assumptions regarding, among other things, weight, transport and end-of-life handling, and is therefore indicative. Duni Group holds an FSC® certificate, FSC-C014985. Ankündigung • Apr 29
Duni Group Launches Sealable Paper Bowl For Ready Meals Duni Group launched Sealable Ronda, a sealable paper bowl for salads and bowl meals, developed within the Duniform brand. By combining paper with hermetic sealing and modified atmosphere packaging (MAP), the solution enables longer freshness for ready-to-eat meals, reduced food waste and secure handling throughout the distribution chain, while reducing the relative use of plastic. Demand for ready-made salads and bowl meals continues to grow, while food waste remains one of the main sustainability challenges within the ready-meal segment. At the same time, food producers and retailers face increasing demand for packaging solutions that can extend shelf life, perform safely in logistics and retail environments, and respond to the need for alternatives with lower plastic content. Sealable Ronda has been developed to meet these requirements by enabling hermetic sealing and modified atmosphere packaging (MAP) in a paper-based format, supporting additional days on the shelf and reducing the risk of food being discarded. Compared with plastic-based Duni bowls of a similar size, the solution features more than 85% lower plastic content and more than 50% lower CO2 emissions. The sealing provides a leak-resistant, tamper-evident and hygienic package that protects the meal throughout the distribution chain. It reduces the risk of leakage, supports safer transport, and enables cleaner handling in both logistics and retail environments. The visible seal also makes it easy for consumers to see that the package has not been opened. At the same time, the solution responds to a clear market demand: the ability to seal paper bowls and thereby combine a high share of renewable material with functionality that has long been standard in plastic packaging. The round bowl format is adapted for modern food concepts such as salads, bowls, sushi and poke bowls and provides a clear and appetising presentation on the retail shelf. The format is easy to stack and handle in store and is suitable for both hot and cold dishes. Sealable Ronda is made from FSC®-certified and other controlled material and can be printed, enabling producers to communicate content, origin and brand directly on the packaging. Duni Group, via its brand Duniform, offers Sealable Ronda as part of a complete system of compatible packaging, films, machines and services. The solution is developed to improve logistics, reduce downtime in production, and create better conditions for a structured approach to reducing both food waste and resource use. The launch aligns with Duni Group's ambition to contribute to future sustainable and inspiring food experiences through solutions that strengthen food safety, extend shelf life, and help reduce food waste throughout the value chain. Ankündigung • Mar 21
Duni Group Announces Departure of Nicklas Lauwell as Chief Officer Business Area Food Packaging Solutions Duni Group announced that Nicklas Lauwell, Chief Officer Business Area Food Packaging Solutions and member of Duni Group's Management Team, has decided to leave the Group to pursue a role as Club director for the football club IFK Göteborg. During this time, he has held several roles across the Group and has been a member of the Group Management Team since 2021. Nicklas' last day with Duni Group will be no later than June 30, 2026. The process to appoint a successor has been initiated. Ankündigung • Feb 18
Duni Group Launches FSC-Certified Table Cover Material with Resource-conscious Design With the launch of the new table cover material Velviq, Duni Group takes the next step in developing sustainable solutions for table settings in restaurants, hotels and catering. Velviq is FSC-certified and based on responsibly sourced wood-based raw material. It also features a resource-conscious design, meaning less material per cover compared with heavier alternatives. Velviq uses FSC-certified, wood-based raw material from forestry operations that meet requirements for environmental care and social responsibility. The raw material is produced at Duni Group's paper mill in Skapafors, Sweden, while the finished product is manufactured at the company's converting facility in Germany. This combination provides close control from raw material to finished cover and high traceability throughout the production chain. Traceability and transparency in production are central to Duni Group's sustainability work. Velviq is also designed for material efficiency. Compared with heavier table cover materials, the solution uses less material per cover, contributing to more efficient resource use--without compromising stability or usability. The range includes three product formats, rolls, placemats and runners, in White, Cream and Granite Grey. The material has a soft, tactile surface that supports a consistent table setting across different table formats in restaurant, hotels and catering. The launch is part of Duni Group's work to develop practical, material-efficient and responsible solutions--from raw material to use. It is therefore in line with Duni Group's ambition to contribute to future sustainable and inspiring food experiences. Ankündigung • Feb 06
Duni AB (Publ) Proposes Dividend The Board of Directors of Duni AB (publ) proposed a dividend of SEK 5.00 (5.00) per share, to be dividend into two partial payments. Ankündigung • Nov 26
Duni Group and Duniform®? Take the Next Step in Reducing Food Waste Duni Group is expanding its concept with the launch of vacuum and composting solutions designed to reduce food waste and cut plastic usage. Vacuum packaging extends shelf life, while composting turns organic waste into soil--giving foodservice operators a solution that strengthens both profitability and sustainability. Despite improved planning and growing awareness, food waste remains a structural challenge globally. With Duniform®? vacuum machines, food can stay fresh up to five times longer, reducing waste and streamlining logistics. At the same time, Duniform®? composting machines transform organic waste into soil within 24 hours, minimizing the need for external waste management and creating tangible value from what would otherwise be lost. Combined with compostable and recyclable packaging, these solutions enable a closed-loop system where resources are preserved and food waste is minimized--delivering clear benefits for both businesses and the environment. Duniform®? solutions are available via Duniform.se and Duni Group's reseller network. The range includes machine systems, aftermarket service, and compatible packaging, supported by expert advice tailored to different operational needs. Ankündigung • Nov 07
Duni AB (publ), Annual General Meeting, May 18, 2026 Duni AB (publ), Annual General Meeting, May 18, 2026. Location: malmo Sweden Ankündigung • Oct 24
Duni AB (publ) to Report Q1, 2026 Results on Apr 24, 2026 Duni AB (publ) announced that they will report Q1, 2026 results on Apr 24, 2026 Ankündigung • Aug 19
Duni Group Launches Relevo Reusable System in Sweden Duni Group is launching its digital reuse system Relevo on the Swedish foodservice market, in collaboration with distributor Carepa. Relevo makes it easy for consumers to borrow and return reusable takeaway containers via an app - a scalable and user-friendly way to meet new sustainability requirements. Relevo is a proven system for reusable takeaway packaging and cups, already established as a market leader in Germany. Through the app, consumers can borrow containers and return them at any participating location - with no deposit, no manual tracking, and no disruption to existing workflows. The system is now available across Sweden, featuring a localized app and a partner platform that makes reuse simple and accessible. The launch comes at a time when new regulations are driving the need for sustainable alternatives in the takeaway sector. Since January 2024, businesses providing more than 150 single-use containers per day on average are required to offer reusable options. Relevo enables compliance with these requirements in an efficient and practical way. Ankündigung • Jul 14
Duni AB (publ) to Report Q4, 2025 Results on Feb 06, 2026 Duni AB (publ) announced that they will report Q4, 2025 results on Feb 06, 2026 Ankündigung • Jun 04
Duni Group Launches New Take-Ace Series with Improved Recyclability and Enhanced Functionality Duni is launching a new take-away series that combines improved recyclability with enhanced functionality. The series introduces a grey plastic base which, unlike traditional black plastic, can be detected and recycled within today's waste sorting systems. This launch marks an important step in Duni Group's commitment to more sustainable packaging - without compromising on usability, design or quality. To enable increased recycling and reduce environmental impact, Duni is replacing black plastic with a new, recyclability grey tone in its new take-away series, Vista. Unlike black plastic, which cannot be identified by optical sorting systems and therefore often ends up as residual waste, the grey plastic is fully detectable in modern recycling facilities. Furthermore, it contains no carbon black - a pigment that hampers recyclability and is associated with potential health concerns. This represents a clear improvement from a sustainability perspective and a step toward more circular use of resources. At the same time, the sleek grey tone provides a modern and elegant presentation of food - without compromising functionality or performance. Vista has been developed to meet increasing demands for sustainable and practical packaging - from regulatory bodies, consumers and the market alike. The series offers improved usability and is designed to simplify handling while enhancing the overall experience - from kitchen to end-user. The series is available in five sizes with two- or three-compartment options, suitable for both hot and cold meals. The packaging is made from recyclable polypropylene and has been optimized to use less material, reducing plastic consumption without compromising on functionality or quality. Vista is leak-proof, microwave-safe and equipped with anti-fog lids that reduce condensation and provide clear visibility. Adjustable vents manage steam to preserve texture, while hygiene and tamper-evident features ensure food safety. A tear-off hinge transforms the container into a convenient serving bowl. A smart stacking system further simplifies storage and handling. The Vista series will be available from July 1, 2025. Ankündigung • Jun 03
Duni AB (publ) (OM:DUNI) acquired 80% stake in Linepack Oy. Duni AB (publ) (OM:DUNI) acquired 80% stake in Linepack Oy on June 3, 2025. The acquisition strengthens the Food Packaging Solutions business area and complements the Duniform brand with advanced technology and local expertise. LinePack Oy has an annual turnover of approximately €2 million and employs six people.
Duni AB (publ) (OM:DUNI) completed the acquisition of 80% stake in Linepack Oy on June 3, 2025. Ankündigung • May 05
Duni AB (Publ) Announces Executive Changes Duni AB (publ) announced that Hanna Banica has been appointed Chief Officer Business Area Dining Solutions, and Manfred Hargarten will assume the role of Chief Commercial Excellence Officer. These changes enhance Duni Group's ability to proactively drive growth and increase competitiveness in the market. The changes aim to clarify responsibilities and streamline core functions - to better harness synergies and create a more agile, customer-centric organization. The current changes complement the leadership adjustments implemented earlier this year. Hanna Banica appointed Chief Officer Business Area Dining Solutions. Hanna Banica has been with Duni Group since 2022, most recently serving as Marketing Director for the Dining Solutions business area, where she played a key role in developing and implementing strategies for the business area. She has previously held senior marketing positions at Tepe and Lantmännen. In First Quarter 2025, Duni Group initiated a reorganization of its sales structure by establishing dedicated sales teams for each business area, aimed at creating a more customer-focused and efficient approach. In her new role, Hanna will be responsible for leading the dedicated sales team for Dining Solutions Europe, the marketing team, Lighting Solutions, and for the business area's performance and strategy. She will also be responsible for setting the digital strategy. Manfred Hargarten appointed Chief Commercial Excellence Officer. As Hanna assumes her new role, Manfred Hargarten will transition from his position as Interim Chief Officer Business Area Dining Solutions to the newly created role of Chief Commercial Excellence Officer. With his extensive experience as Chief Commercial Officer and his proven expertise in Commercial Excellence, Commercial Controlling, and Customer Care, Manfred will take on the important task of further strengthening and streamlining the Group's business-support functions. In this new role, he will focus on optimizing these key areas to enhance efficiency, support the business areas more effectively, and contribute decisively to the Group's long-term performance and competitiveness. Ankündigung • Apr 01
Duni AB (publ) to Report Q2, 2025 Results on Jul 11, 2025 Duni AB (publ) announced that they will report Q2, 2025 results on Jul 11, 2025 Ankündigung • Dec 19
Duni AB (publ) (OM:DUNI) agreed to acquire Poppies Europe Ltd. for SEK 670 million. Duni AB (publ) (OM:DUNI) agreed to acquire Poppies Europe Ltd. for SEK 670 million on December 18, 2024. Duni Group will acquire 100 percent of the company on a cash and debt free basis for a fixed purchase price of approximately SEK 670 m, whereof 60 percent will be paid upon closing and the remaining amount will be paid in three instalments by the end of 2025 (20%), 2026 (10%) and 2027 (10%). Financing is covered within Duni Group’s existing loan facility. For the period ending December 31, 2023, Poppies Europe Ltd. reported total revenue of SEK 620 million. The acquisition is subject to regulatory approval in the UK and customary closing conditions and is expected to be completed in the first half of 2025. Ankündigung • Dec 11
Duni AB (Publ) Announces Departure of Linus Lemark as Chief Officer Business Area Dining Solutions and Member of Management Team Duni Group announced that Linus Lemark, Chief Officer Business Area Dining Solutions and member of Duni Group's Management Team, has decided to leave the Group to pursue a CEO role outside of the Company. Linus last day with Duni Group will be no later than June 11, 2025. The process to appoint a successor has been initiated. Ankündigung • Nov 01
Duni AB (publ), Annual General Meeting, May 19, 2025 Duni AB (publ), Annual General Meeting, May 19, 2025. Ankündigung • Aug 27
Duni AB (publ) (OM:DUNI) agreed to acquire 70% stake in Seti proizvodnja papirne galanterije d.o.o. Duni AB (publ) (OM:DUNI) agreed to acquire 70% stake in Seti proizvodnja papirne galanterije d.o.o. on August 27, 2024. Financing of the acquisition is planned to take place within Duni Group’s existing loan facility. SETI has annual net sales of approximately SEK 100 million. The expected completion of the transaction is October 1, 2024. Ankündigung • Aug 23
Duni AB (publ) to Report Q4, 2024 Results on Feb 11, 2025 Duni AB (publ) announced that they will report Q4, 2024 results on Feb 11, 2025 Ankündigung • May 23
Duni AB (publ) Approves Dividend, Payable 28 May 2024 and 15 November 2024 On 21 May 2024, Duni AB's Annual General Meeting ("AGM") in Malmö approved the proposed dividend to shareholders of SEK 5.00 per share, distributed to the shareholders in two equal payments of SEK 2.50 per share. Record date for the first instalment was determined as 23 May 2024, and record date for second instalment was determined as 12 November 2024. The first instalment is expected to be distributed through Euroclear Sweden AB on 28 May 2024, and the second instalment on 15 November 2024. Ankündigung • May 03
Duni AB (publ) to Report Q3, 2024 Results on Oct 24, 2024 Duni AB (publ) announced that they will report Q3, 2024 results on Oct 24, 2024 Ankündigung • Apr 24
Duni AB (publ) to Report Q2, 2024 Results on Jul 12, 2024 Duni AB (publ) announced that they will report Q2, 2024 results on Jul 12, 2024 Ankündigung • Feb 09
Duni AB (publ) Proposes Dividend for the Year 2023 Duni AB (publ) proposed a dividend of SEK 5.00 (SEK 3.00) per share to be divided into two partial payments. Ankündigung • Nov 11
Duni AB (publ), Annual General Meeting, May 21, 2024 Duni AB (publ), Annual General Meeting, May 21, 2024. Ankündigung • Sep 10
Mellby Gård AB made an offer to acquire remaining 69.99% stake in Duni AB (publ) (OM:DUNI) for SEK 3.1 billion. Mellby Gård AB made an offer to acquire remaining 69.99% stake in Duni AB (publ) (OM:DUNI) for SEK 3.1 billion on September 8, 2023. As per the term, the offer price per share is SEK 96.80 for 32,898,532 shares. The consideration payable in connection with the Offer will be financed through Mellby Gård’s own cash and credit facilities. Thus, Mellby Gård has sufficient cash resources to fully pay the Offer consideration. The completion of the Offer is conditional upon receipt of all necessary regulatory, governmental, competition authorities approvals. According to Mellby Gård’s assessment, the transaction will require approvals from competition authorities in Sweden, Norway, Poland and Germany. The acceptance period in the Offer is expected to commence on or about September 12, 2023, and expire on or about October 10, 2023. Mellby Gård has retained Erneholm Haskel AB as financial advisor and Advokatfirman Cederquist as legal advisor in connection with the Offer. Reported Earnings • Jul 15
Second quarter 2023 earnings released: EPS: kr2.21 (vs kr1.02 in 2Q 2022) Second quarter 2023 results: EPS: kr2.21 (up from kr1.02 in 2Q 2022). Revenue: kr1.94b (up 12% from 2Q 2022). Net income: kr104.0m (up 117% from 2Q 2022). Profit margin: 5.4% (up from 2.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Ankündigung • May 17
Duni AB (Publ) Approves the Proposed Dividend Distributed in Two Equal Payments On 16 May 2023, Duni AB's Annual General Meeting ("AGM") in Malmö approved the proposed dividend to shareholders of SEK 3.00 per share, distributed to the shareholders in two equal payments of SEK 1.50 per share. Record date for the first instalment was determined as 19 May 2023, and record date for second instalment was determined as 14 November 2023. The first instalment is expected to be distributed through Euroclear Sweden AB on 24 May 2023, and the second instalment on, 17 November 2023. Upcoming Dividend • May 10
Upcoming dividend of kr1.50 per share at 2.7% yield Eligible shareholders must have bought the stock before 17 May 2023. Payment date: 24 May 2023. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (5.3%). Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to kr110, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 11x in the Consumer Durables industry in the United Kingdom. Total returns to shareholders of 37% over the past three years. Reported Earnings • Apr 27
First quarter 2023 earnings released: EPS: kr1.66 (vs kr0.11 in 1Q 2022) First quarter 2023 results: EPS: kr1.66 (up from kr0.11 in 1Q 2022). Revenue: kr1.88b (up 30% from 1Q 2022). Net income: kr78.0m (up kr73.0m from 1Q 2022). Profit margin: 4.2% (up from 0.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 15
CFO & Executive VP of Finance recently bought kr314k worth of stock On the 13th of March, Magnus Carlsson bought around 4k shares on-market at roughly kr89.60 per share. This transaction increased Magnus' direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Magnus' only on-market trade for the last 12 months. Ankündigung • Feb 15
Duni AB (publ) to Report Q2, 2023 Results on Jul 14, 2023 Duni AB (publ) announced that they will report Q2, 2023 results on Jul 14, 2023 Ankündigung • Feb 14
Duni AB (publ) to Report Q3, 2023 Results on Oct 24, 2023 Duni AB (publ) announced that they will report Q3, 2023 results on Oct 24, 2023 Recent Insider Transactions • Dec 24
Independent Director recently sold kr82k worth of stock On the 19th of December, Pauline Lindwall sold around 1k shares on-market at roughly kr82.20 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr230k more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 29% share price gain to kr92.60, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 8x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 24% over the past three years. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: kr1.83 (vs kr2.17 in 3Q 2021) Third quarter 2022 results: EPS: kr1.83 (down from kr2.17 in 3Q 2021). Revenue: kr1.83b (up 26% from 3Q 2021). Net income: kr86.0m (down 16% from 3Q 2021). Profit margin: 4.7% (down from 7.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Ankündigung • Jul 16
Duni AB (publ) to Report Q4, 2022 Results on Feb 14, 2023 Duni AB (publ) announced that they will report Q4, 2022 results on Feb 14, 2023 Board Change • May 03
High number of new directors Employee Representative Director Maria Fredholm was the last director to join the board, commencing their role in 2022. Board Change • Apr 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Maria Fredholm was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr1.62 (up from kr0.043 in FY 2020). Revenue: kr5.06b (up 12% from FY 2020). Net income: kr76.0m (up kr74.0m from FY 2020). Profit margin: 1.5% (up from 0% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Board Change • Jan 05
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Kerstin Hake was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Kerstin Hake was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 12
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Kerstin Hake was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 05
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Kerstin Hake was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 07
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Kerstin Hake was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 05
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Kerstin Hake was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 27
First quarter 2021 earnings released: kr1.11 loss per share (vs kr0.43 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: kr932.0m (down 25% from 1Q 2020). Net loss: kr52.0m (down 360% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has remained flat, which means it is well ahead of earnings.