View ValuationDuni 将来の成長Future 基準チェック /16Duniの収益は成長。EPSは成長すると9.6%年率で予測されます。主要情報n/a収益成長率9.64%EPS成長率Consumer Durables 収益成長69.8%収益成長率2.1%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日28 Apr 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • May 14Duni Group Launches Assured Carbon Footprint CalculatorDuni 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.Upcoming Dividend • May 12Upcoming dividend of kr2.50 per shareEligible shareholders must have bought the stock before 19 May 2026. Payment date: 25 May 2026. Payout ratio is on the higher end at 83%, and the cash payout ratio is above 100%. Trailing yield: 5.8%. Within top quartile of Swedish dividend payers (4.2%). In line with average of industry peers (5.5%).お知らせ • May 06Duni Group Launches Black Paper-Based Packaging CollectionDuni 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.お知らせ • Apr 29Duni Group Launches Sealable Paper Bowl For Ready MealsDuni 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.New Risk • Apr 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (113% cash payout ratio).Reported Earnings • Apr 26First quarter 2026 earnings released: EPS: kr0.72 (vs kr1.34 in 1Q 2025)First quarter 2026 results: EPS: kr0.72 (down from kr1.34 in 1Q 2025). Revenue: kr1.76b (down 5.3% from 1Q 2025). Net income: kr34.0m (down 46% from 1Q 2025). Profit margin: 1.9% (down from 3.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year.Board Change • Apr 24Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Janne Moltke-Leth was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 24Duni Group Introduces Cordless Lighting Portfolio and Design CollectionDuni Group is launching d.ls - Duni Lighting Solutions, a new brand that expands the Group's offering for the HoReCa sector. The launch includes a new innovative cordless lighting portfolio for everyday hospitality operations, alongside a design collection that is being unveiled internationally during Milan Design Week. Duni Group, via its new brand d.ls - Duni Lighting Solutions, is expanding into professional hospitality lighting with two complementary launches. The first is a new lighting portfolio developed for indoor and outdoor hospitality applications, comprising cordless ambience lighting and accessories. In parallel, d.ls - Duni Lighting Solutions will present a design collection, created in collaboration with design and branding studio Stylt Trampoli and lighting manufacturer Signify myCreation. The professional lighting portfolio has been developed to combine consistent ambience with practical performance in demanding hospitality environments. Products are designed for long service life and include features such as replaceable batteries, IP-rated performance and extended operating times, intended to support reliable daily operation and responsible use over time. The design collection is being unveiled internationally during Milan Design Week. The collection has been developed together with Stylt Trampoli and Signify myCreation, bringing together the global leader in hospitality design with conscious and sustainable material choices for a unique hospitality ambience design collection. The design collection is rooted in longevity, serviceability and with recycled 3D printed materials where secure sustainability is part of the solution, thanks to fewer components, serviceability and replaceable batteries, which all help to improve circularity performance. A short film presenting the launch is available via the following link.お知らせ • Apr 10Duni Group Offers Entire Packaging Assortment Without Added PFASDuni Group made the decision to phase out PFAS already in 2023 and can offer its entire packaging assortment without added PFAS well ahead of PPWR. The early decision was driven partly by increased awareness of the potential risks associated with PFAS and partly by our sustainability agenda. But it was also a strategic choice: By phasing out added PFAS early, Duni Group has had the opportunity to test different material solutions in good time and ensure that the assortment meets the PFAS requirements that PPWR will soon introduce. Historically, the use of PFAS in the food packaging industry has been a way to prevent liquids and fats from penetrating packaging materials. By acting before the requirements take effect, Duni Group has been able to test and evaluate different alternatives to PFAS under controlled conditions and develop solutions that meet upcoming regulations - without compromising functionality, quality, or user experience. The early decision to phase out added PFAS has made it possible for Duni Group to develop products that already comply with upcoming PFAS requirements while also supporting customers in understanding and navigating the new regulation, when needed. The result is a solution that ensures both compliance and quality - allowing customers to focus on their core business.お知らせ • Apr 09Duni AB (Publ) Proposes Dividend, Payable on 25 May 2026 and 20 November 2026 RespectivelyThe board of directors of Duni AB (publ) proposes a dividend of SEK 5.00 per share, distributed to the shareholders in two equal payments of SEK 2.50 per share to achieve a more balanced cash flow in relation to Duni's seasonal variation. Record date for the first instalment is proposed to be 20 May 2026, and record date for second instalment is proposed to be 17 November 2026. If the meeting resolves in accordance with the proposal, the first instalment is expected to be distributed through Euroclear Sweden AB on 25 May 2026, and the second instalment on 20 November 2026.Buy Or Sell Opportunity • Mar 24Now 20% overvaluedOver the last 90 days, the stock has fallen 8.2% to kr95.10. The fair value is estimated to be kr79.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only.お知らせ • Mar 21Duni Group Announces Departure of Nicklas Lauwell as Chief Officer Business Area Food Packaging SolutionsDuni 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.お知らせ • Feb 18Duni Group Launches FSC-Certified Table Cover Material with Resource-conscious DesignWith 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.分析記事 • Feb 09Duni (STO:DUNI) Is Due To Pay A Dividend Of SEK2.50Duni AB (publ) ( STO:DUNI ) has announced that it will pay a dividend of SEK2.50 per share on the 25th of May. Based on...Declared Dividend • Feb 09Final dividend of kr2.50 announcedDividend of kr2.50 is the same as last year. Ex-date: 19th May 2026 Payment date: 25th May 2026 Dividend yield will be 4.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but not covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 07Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: kr6.64 (up from kr5.47 in FY 2024). Revenue: kr7.69b (up 1.4% from FY 2024). Net income: kr312.0m (up 21% from FY 2024). Profit margin: 4.1% (up from 3.4% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Feb 06Duni AB (Publ) Proposes DividendThe 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.お知らせ • Dec 19+ 2 more updatesDuni AB (publ) to Report Q2, 2026 Results on Jul 10, 2026Duni AB (publ) announced that they will report Q2, 2026 results on Jul 10, 2026お知らせ • Nov 26Duni Group and Duniform®? Take the Next Step in Reducing Food WasteDuni 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.お知らせ • Nov 07Duni AB (publ), Annual General Meeting, May 18, 2026Duni AB (publ), Annual General Meeting, May 18, 2026. Location: malmo SwedenUpcoming Dividend • Nov 03Upcoming dividend of kr2.50 per shareEligible shareholders must have bought the stock before 10 November 2025. Payment date: 14 November 2025. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Swedish dividend payers (4.0%). In line with average of industry peers (4.9%).分析記事 • Oct 31Duni (STO:DUNI) Will Pay A Dividend Of SEK2.50Duni AB (publ) ( STO:DUNI ) will pay a dividend of SEK2.50 on the 14th of November. Based on this payment, the dividend...Reported Earnings • Oct 26Third quarter 2025 earnings released: EPS: kr2.23 (vs kr0.043 loss in 3Q 2024)Third quarter 2025 results: EPS: kr2.23 (up from kr0.043 loss in 3Q 2024). Revenue: kr1.97b (up 3.2% from 3Q 2024). Net income: kr105.0m (up kr107.0m from 3Q 2024). Profit margin: 5.3% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 24Duni AB (publ) to Report Q1, 2026 Results on Apr 24, 2026Duni AB (publ) announced that they will report Q1, 2026 results on Apr 24, 2026分析記事 • Oct 17Duni (STO:DUNI) Is Due To Pay A Dividend Of SEK2.50Duni AB (publ) ( STO:DUNI ) has announced that it will pay a dividend of SEK2.50 per share on the 14th of November. The...分析記事 • Sep 08Duni's (STO:DUNI) Dividend Will Be SEK2.50Duni AB (publ) ( STO:DUNI ) will pay a dividend of SEK2.50 on the 14th of November. Based on this payment, the dividend...お知らせ • Aug 19Duni Group Launches Relevo Reusable System in SwedenDuni 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.お知らせ • Jul 14Duni AB (publ) to Report Q4, 2025 Results on Feb 06, 2026Duni AB (publ) announced that they will report Q4, 2025 results on Feb 06, 2026Reported Earnings • Jul 13Second quarter 2025 earnings released: EPS: kr1.26 (vs kr1.72 in 2Q 2024)Second quarter 2025 results: EPS: kr1.26 (down from kr1.72 in 2Q 2024). Revenue: kr1.88b (flat on 2Q 2024). Net income: kr59.0m (down 27% from 2Q 2024). Profit margin: 3.1% (down from 4.3% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Jun 04Duni Group Launches New Take-Ace Series with Improved Recyclability and Enhanced FunctionalityDuni 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.お知らせ • Jun 03Duni 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.Declared Dividend • May 27Dividend of kr2.50 announcedShareholders will receive a dividend of kr2.50. Ex-date: 10th November 2025 Payment date: 14th November 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio) nor is it adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 7.9% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.お知らせ • May 20+ 1 more updateDuni AB (publ) Approves Dividend, Payable 26 May 2025 and 14 November 2025On 19 May 2025, 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 21?May 2025, and record date for second instalment was determined as 11 November 2025. The first instalment is expected to be distributed through Euroclear Sweden AB on 26 May 2025, and the second instalment on 14 November 2025.Upcoming Dividend • May 13Upcoming dividend of kr2.50 per shareEligible shareholders must have bought the stock before 20 May 2025. Payment date: 26 May 2025. Payout ratio and cash payout ratio are on the higher end at 97% and 99% respectively. Trailing yield: 5.0%. Within top quartile of Swedish dividend payers (3.9%). Higher than average of industry peers (3.0%).お知らせ • May 05Duni AB (Publ) Announces Executive ChangesDuni 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.Reported Earnings • Apr 18Full year 2024 earnings released: EPS: kr5.47 (vs kr8.30 in FY 2023)Full year 2024 results: EPS: kr5.47 (down from kr8.30 in FY 2023). Revenue: kr7.58b (down 1.8% from FY 2023). Net income: kr257.0m (down 34% from FY 2023). Profit margin: 3.4% (down from 5.1% in FY 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Apr 01Duni AB (publ) to Report Q2, 2025 Results on Jul 11, 2025Duni AB (publ) announced that they will report Q2, 2025 results on Jul 11, 2025お知らせ • Mar 31+ 1 more updateDuni AB (publ) to Report Fiscal Year 2024 Final Results between Apr 14, 2025 and Apr 18, 2025Duni AB (publ) announced that they will report fiscal year 2024 final results at 9:00 AM, Central European Standard Time on between Apr 14, 2025 and Apr 18, 2025Declared Dividend • Feb 24Final dividend of kr2.50 announcedDividend of kr2.50 is the same as last year. Ex-date: 20th May 2025 Payment date: 26th May 2025 Dividend yield will be 5.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio) nor is it covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.6% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.Reported Earnings • Feb 13Full year 2024 earnings released: EPS: kr5.47 (vs kr8.30 in FY 2023)Full year 2024 results: EPS: kr5.47 (down from kr8.30 in FY 2023). Revenue: kr7.58b (down 1.8% from FY 2023). Net income: kr257.0m (down 34% from FY 2023). Profit margin: 3.4% (down from 5.1% in FY 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Dec 22Chief Financial Officer recently bought kr360k worth of stockOn the 19th of December, Magnus Carlsson bought around 4k shares on-market at roughly kr90.00 per share. This transaction amounted to 57% of their direct individual holding 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.お知らせ • Dec 19Duni 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.お知らせ • Dec 11Duni AB (Publ) Announces Departure of Linus Lemark as Chief Officer Business Area Dining Solutions and Member of Management TeamDuni 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.Upcoming Dividend • Nov 04Upcoming dividend of kr2.50 per shareEligible shareholders must have bought the stock before 11 November 2024. Payment date: 15 November 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.1%. Within top quartile of Swedish dividend payers (4.5%). Higher than average of industry peers (3.8%).お知らせ • Nov 01Duni AB (publ), Annual General Meeting, May 19, 2025Duni AB (publ), Annual General Meeting, May 19, 2025.New Risk • Oct 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (100% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.1% net profit margin).Reported Earnings • Oct 24Third quarter 2024 earnings released: kr0.043 loss per share (vs kr2.79 profit in 3Q 2023)Third quarter 2024 results: kr0.043 loss per share (down from kr2.79 profit in 3Q 2023). Revenue: kr1.91b (down 1.3% from 3Q 2023). Net loss: kr2.00m (down 101% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • Aug 27Duni 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.お知らせ • Aug 23Duni AB (publ) to Report Q4, 2024 Results on Feb 11, 2025Duni AB (publ) announced that they will report Q4, 2024 results on Feb 11, 2025Reported Earnings • Jul 14Second quarter 2024 earnings released: EPS: kr1.72 (vs kr2.21 in 2Q 2023)Second quarter 2024 results: EPS: kr1.72 (down from kr2.21 in 2Q 2023). Revenue: kr1.88b (down 3.2% from 2Q 2023). Net income: kr81.0m (down 22% from 2Q 2023). Profit margin: 4.3% (down from 5.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Declared Dividend • May 23Dividend of kr2.50 announcedShareholders will receive a dividend of kr2.50. Ex-date: 11th November 2024 Payment date: 15th November 2024 Dividend yield will be 4.5%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • May 23Duni AB (publ) Approves Dividend, Payable 28 May 2024 and 15 November 2024On 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.Upcoming Dividend • May 15Upcoming dividend of kr2.50 per shareEligible shareholders must have bought the stock before 22 May 2024. Payment date: 28 May 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Swedish dividend payers (4.3%). Higher than average of industry peers (4.1%).お知らせ • May 03Duni AB (publ) to Report Q3, 2024 Results on Oct 24, 2024Duni AB (publ) announced that they will report Q3, 2024 results on Oct 24, 2024お知らせ • Apr 24Duni AB (publ) to Report Q2, 2024 Results on Jul 12, 2024Duni AB (publ) announced that they will report Q2, 2024 results on Jul 12, 2024Reported Earnings • Apr 21Full year 2023 earnings released: EPS: kr8.30 (vs kr4.26 in FY 2022)Full year 2023 results: EPS: kr8.30 (up from kr4.26 in FY 2022). Revenue: kr7.72b (up 11% from FY 2022). Net income: kr390.0m (up 95% from FY 2022). Profit margin: 5.1% (up from 2.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Recent Insider Transactions • Mar 05Non-Independent Director recently bought kr308k worth of stockOn the 1st of March, Sven Knutsson bought around 3k shares on-market at roughly kr103 per share. This transaction increased Sven's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.4m more in shares than they have sold in the last 12 months.Declared Dividend • Feb 16Final dividend of kr2.50 announcedShareholders will receive a dividend of kr2.50. Ex-date: 22nd May 2024 Payment date: 28th May 2024 Dividend yield will be 3.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 3.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 11Full year 2023 earnings released: EPS: kr8.30 (vs kr4.26 in FY 2022)Full year 2023 results: EPS: kr8.30 (up from kr4.26 in FY 2022). Revenue: kr7.72b (up 11% from FY 2022). Net income: kr390.0m (up 95% from FY 2022). Profit margin: 5.1% (up from 2.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 09Duni AB (publ) Proposes Dividend for the Year 2023Duni AB (publ) proposed a dividend of SEK 5.00 (SEK 3.00) per share to be divided into two partial payments.お知らせ • Jan 23+ 1 more updateDuni AB (publ) to Report Q1, 2024 Results on Apr 24, 2024Duni AB (publ) announced that they will report Q1, 2024 results on Apr 24, 2024お知らせ • Nov 11Duni AB (publ), Annual General Meeting, May 21, 2024Duni AB (publ), Annual General Meeting, May 21, 2024.Upcoming Dividend • Nov 06Upcoming dividend of kr1.50 per share at 2.9% yieldEligible shareholders must have bought the stock before 13 November 2023. Payment date: 17 November 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Swedish dividend payers (5.4%). Lower than average of industry peers (7.0%).Recent Insider Transactions • Oct 27Independent Director recently bought kr760k worth of stockOn the 24th of October, Morten Falkenberg bought around 7k shares on-market at roughly kr105 per share. This transaction increased Morten's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.3m more in shares than they have sold in the last 12 months.Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: kr2.79 (vs kr1.83 in 3Q 2022)Third quarter 2023 results: EPS: kr2.79 (up from kr1.83 in 3Q 2022). Revenue: kr1.94b (up 5.5% from 3Q 2022). Net income: kr131.0m (up 52% from 3Q 2022). Profit margin: 6.8% (up from 4.7% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 10Mellby 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.分析記事 • Jul 18Here's Why Duni (STO:DUNI) Has Caught The Eye Of InvestorsThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Reported Earnings • Jul 14Second 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 3% per year, which means it is significantly lagging earnings growth.お知らせ • May 17Duni AB (Publ) Approves the Proposed Dividend Distributed in Two Equal PaymentsOn 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 10Upcoming dividend of kr1.50 per share at 2.7% yieldEligible shareholders must have bought the stock before 17 May 2023. Payment date: 24 May 2023. Trailing yield: 2.7%. Lower than top quartile of Swedish dividend payers (5.2%). Lower than average of industry peers (4.8%).分析記事 • Apr 25Returns On Capital Signal Tricky Times Ahead For Duni (STO:DUNI)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Reported Earnings • Apr 21First 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 15CFO & Executive VP of Finance recently bought kr314k worth of stockOn 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.お知らせ • Feb 15Duni AB (publ) to Report Q2, 2023 Results on Jul 14, 2023Duni AB (publ) announced that they will report Q2, 2023 results on Jul 14, 2023Reported Earnings • Feb 14Full year 2022 earnings released: EPS: kr4.26 (vs kr1.62 in FY 2021)Full year 2022 results: EPS: kr4.26 (up from kr1.62 in FY 2021). Revenue: kr6.98b (up 38% from FY 2021). Net income: kr200.0m (up 163% from FY 2021). Profit margin: 2.9% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • Feb 14Duni AB (publ) to Report Q3, 2023 Results on Oct 24, 2023Duni AB (publ) announced that they will report Q3, 2023 results on Oct 24, 2023Recent Insider Transactions • Dec 16President & CEO recently bought kr312k worth of stockOn the 14th of December, Robert Dackeskog bought around 4k shares on-market at roughly kr89.11 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months.Reported Earnings • Oct 27Third 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 17% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to kr63.00, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 9x in the Consumer Durables industry in Sweden. Total loss to shareholders of 43% over the past three years.分析記事 • Sep 28Duni (STO:DUNI) Could Be Struggling To Allocate CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...Reported Earnings • Jul 16Second quarter 2022 earnings released: EPS: kr1.02 (vs kr0.36 in 2Q 2021)Second quarter 2022 results: EPS: kr1.02 (up from kr0.36 in 2Q 2021). Revenue: kr1.72b (up 53% from 2Q 2021). Net income: kr48.0m (up 182% from 2Q 2021). Profit margin: 2.8% (up from 1.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.お知らせ • Jul 16Duni AB (publ) to Report Q4, 2022 Results on Feb 14, 2023Duni AB (publ) announced that they will report Q4, 2022 results on Feb 14, 2023Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to kr79.20, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 10x in the Consumer Durables industry in Sweden. Total loss to shareholders of 34% over the past three years.分析記事 • Jun 17We Think Duni (STO:DUNI) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Board Change • Apr 27High number of new directorsThere 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 • Apr 17Full year 2021 earnings released: EPS: kr1.62 (vs kr0.043 in FY 2020)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). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.Board Change • Apr 02High number of new directorsThere 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 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull 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 63 percentage points per year, which is a significant difference in performance.分析記事 • Feb 17Here's What's Concerning About Duni's (STO:DUNI) Returns On CapitalIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...分析記事 • Nov 11The Returns On Capital At Duni (STO:DUNI) Don't Inspire ConfidenceWhat financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...Reported Earnings • Oct 22Third quarter 2021 earnings released: EPS kr2.17 (vs kr1.02 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr1.45b (up 16% from 3Q 2020). Net income: kr102.0m (up 113% from 3Q 2020). Profit margin: 7.0% (up from 3.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.Reported Earnings • Oct 22Third quarter 2021 earnings released: EPS kr2.17 (vs kr1.02 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr1.45b (up 16% from 3Q 2020). Net income: kr102.0m (up 113% from 3Q 2020). Profit margin: 7.0% (up from 3.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.業績と収益の成長予測OM:DUNI - アナリストの将来予測と過去の財務データ ( )SEK Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20277,861331N/AN/A112/31/20267,632N/AN/AN/A13/31/20267,586283208482N/A12/31/20257,685312186437N/A9/30/20257,777327337566N/A6/30/20257,714220238452N/A3/31/20257,705242238454N/A12/31/20247,578257221437N/A9/30/20247,492234409592N/A6/30/20247,516368548743N/A3/31/20247,5773908331,003N/A12/31/20237,7183901,0241,190N/A9/30/20237,721373790960N/A6/30/20237,622328590718N/A3/31/20237,410273239371N/A12/31/20226,976200-8348N/A9/30/20226,554149-154-47N/A6/30/20226,172163-167-70N/A3/31/20225,572133-196-109N/A12/31/20215,06176-1166N/A9/30/20214,690101463N/A6/30/20214,48848-4810N/A3/31/20214,184-7489155N/A12/31/20204,5012200282N/A9/30/20204,87739369518N/A6/30/20205,00472474644N/A3/31/20205,532242489674N/A12/31/20195,547269N/A665N/A9/30/20195,450255N/A487N/A6/30/20195,262239N/A399N/A3/31/20195,111239N/A334N/A12/31/20184,927245N/A343N/A9/30/20184,720308N/A414N/A6/30/20184,612322N/A421N/A3/31/20184,517329N/A471N/A12/31/20174,441329N/A449N/A9/30/20174,422321N/A436N/A6/30/20174,404335N/A497N/A3/31/20174,316335N/A433N/A12/31/20164,271332N/A446N/A9/30/20164,207329N/A495N/A6/30/20164,186335N/A454N/A3/31/20164,174329N/A522N/A12/31/20154,200346N/A623N/A9/30/20154,165341N/A587N/A6/30/20154,118326N/A619N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: DUNIの予測収益成長が 貯蓄率 ( 2% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: DUNIの収益がSwedish市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: DUNIの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: DUNIの収益 ( 2.1% ) Swedish市場 ( 0% ) よりも速いペースで成長すると予測されています。高い収益成長: DUNIの収益 ( 2.1% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: DUNIの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/17 06:35終値2026/05/15 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Duni AB (publ) 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Claes VikbladhABG Sundal Collier Sponsored
お知らせ • May 14Duni Group Launches Assured Carbon Footprint CalculatorDuni 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.
Upcoming Dividend • May 12Upcoming dividend of kr2.50 per shareEligible shareholders must have bought the stock before 19 May 2026. Payment date: 25 May 2026. Payout ratio is on the higher end at 83%, and the cash payout ratio is above 100%. Trailing yield: 5.8%. Within top quartile of Swedish dividend payers (4.2%). In line with average of industry peers (5.5%).
お知らせ • May 06Duni Group Launches Black Paper-Based Packaging CollectionDuni 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.
お知らせ • Apr 29Duni Group Launches Sealable Paper Bowl For Ready MealsDuni 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.
New Risk • Apr 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (113% cash payout ratio).
Reported Earnings • Apr 26First quarter 2026 earnings released: EPS: kr0.72 (vs kr1.34 in 1Q 2025)First quarter 2026 results: EPS: kr0.72 (down from kr1.34 in 1Q 2025). Revenue: kr1.76b (down 5.3% from 1Q 2025). Net income: kr34.0m (down 46% from 1Q 2025). Profit margin: 1.9% (down from 3.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year.
Board Change • Apr 24Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Janne Moltke-Leth was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 24Duni Group Introduces Cordless Lighting Portfolio and Design CollectionDuni Group is launching d.ls - Duni Lighting Solutions, a new brand that expands the Group's offering for the HoReCa sector. The launch includes a new innovative cordless lighting portfolio for everyday hospitality operations, alongside a design collection that is being unveiled internationally during Milan Design Week. Duni Group, via its new brand d.ls - Duni Lighting Solutions, is expanding into professional hospitality lighting with two complementary launches. The first is a new lighting portfolio developed for indoor and outdoor hospitality applications, comprising cordless ambience lighting and accessories. In parallel, d.ls - Duni Lighting Solutions will present a design collection, created in collaboration with design and branding studio Stylt Trampoli and lighting manufacturer Signify myCreation. The professional lighting portfolio has been developed to combine consistent ambience with practical performance in demanding hospitality environments. Products are designed for long service life and include features such as replaceable batteries, IP-rated performance and extended operating times, intended to support reliable daily operation and responsible use over time. The design collection is being unveiled internationally during Milan Design Week. The collection has been developed together with Stylt Trampoli and Signify myCreation, bringing together the global leader in hospitality design with conscious and sustainable material choices for a unique hospitality ambience design collection. The design collection is rooted in longevity, serviceability and with recycled 3D printed materials where secure sustainability is part of the solution, thanks to fewer components, serviceability and replaceable batteries, which all help to improve circularity performance. A short film presenting the launch is available via the following link.
お知らせ • Apr 10Duni Group Offers Entire Packaging Assortment Without Added PFASDuni Group made the decision to phase out PFAS already in 2023 and can offer its entire packaging assortment without added PFAS well ahead of PPWR. The early decision was driven partly by increased awareness of the potential risks associated with PFAS and partly by our sustainability agenda. But it was also a strategic choice: By phasing out added PFAS early, Duni Group has had the opportunity to test different material solutions in good time and ensure that the assortment meets the PFAS requirements that PPWR will soon introduce. Historically, the use of PFAS in the food packaging industry has been a way to prevent liquids and fats from penetrating packaging materials. By acting before the requirements take effect, Duni Group has been able to test and evaluate different alternatives to PFAS under controlled conditions and develop solutions that meet upcoming regulations - without compromising functionality, quality, or user experience. The early decision to phase out added PFAS has made it possible for Duni Group to develop products that already comply with upcoming PFAS requirements while also supporting customers in understanding and navigating the new regulation, when needed. The result is a solution that ensures both compliance and quality - allowing customers to focus on their core business.
お知らせ • Apr 09Duni AB (Publ) Proposes Dividend, Payable on 25 May 2026 and 20 November 2026 RespectivelyThe board of directors of Duni AB (publ) proposes a dividend of SEK 5.00 per share, distributed to the shareholders in two equal payments of SEK 2.50 per share to achieve a more balanced cash flow in relation to Duni's seasonal variation. Record date for the first instalment is proposed to be 20 May 2026, and record date for second instalment is proposed to be 17 November 2026. If the meeting resolves in accordance with the proposal, the first instalment is expected to be distributed through Euroclear Sweden AB on 25 May 2026, and the second instalment on 20 November 2026.
Buy Or Sell Opportunity • Mar 24Now 20% overvaluedOver the last 90 days, the stock has fallen 8.2% to kr95.10. The fair value is estimated to be kr79.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
お知らせ • Mar 21Duni Group Announces Departure of Nicklas Lauwell as Chief Officer Business Area Food Packaging SolutionsDuni 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.
お知らせ • Feb 18Duni Group Launches FSC-Certified Table Cover Material with Resource-conscious DesignWith 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.
分析記事 • Feb 09Duni (STO:DUNI) Is Due To Pay A Dividend Of SEK2.50Duni AB (publ) ( STO:DUNI ) has announced that it will pay a dividend of SEK2.50 per share on the 25th of May. Based on...
Declared Dividend • Feb 09Final dividend of kr2.50 announcedDividend of kr2.50 is the same as last year. Ex-date: 19th May 2026 Payment date: 25th May 2026 Dividend yield will be 4.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but not covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 07Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: kr6.64 (up from kr5.47 in FY 2024). Revenue: kr7.69b (up 1.4% from FY 2024). Net income: kr312.0m (up 21% from FY 2024). Profit margin: 4.1% (up from 3.4% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Feb 06Duni AB (Publ) Proposes DividendThe 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.
お知らせ • Dec 19+ 2 more updatesDuni AB (publ) to Report Q2, 2026 Results on Jul 10, 2026Duni AB (publ) announced that they will report Q2, 2026 results on Jul 10, 2026
お知らせ • Nov 26Duni Group and Duniform®? Take the Next Step in Reducing Food WasteDuni 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.
お知らせ • Nov 07Duni AB (publ), Annual General Meeting, May 18, 2026Duni AB (publ), Annual General Meeting, May 18, 2026. Location: malmo Sweden
Upcoming Dividend • Nov 03Upcoming dividend of kr2.50 per shareEligible shareholders must have bought the stock before 10 November 2025. Payment date: 14 November 2025. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Swedish dividend payers (4.0%). In line with average of industry peers (4.9%).
分析記事 • Oct 31Duni (STO:DUNI) Will Pay A Dividend Of SEK2.50Duni AB (publ) ( STO:DUNI ) will pay a dividend of SEK2.50 on the 14th of November. Based on this payment, the dividend...
Reported Earnings • Oct 26Third quarter 2025 earnings released: EPS: kr2.23 (vs kr0.043 loss in 3Q 2024)Third quarter 2025 results: EPS: kr2.23 (up from kr0.043 loss in 3Q 2024). Revenue: kr1.97b (up 3.2% from 3Q 2024). Net income: kr105.0m (up kr107.0m from 3Q 2024). Profit margin: 5.3% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 24Duni AB (publ) to Report Q1, 2026 Results on Apr 24, 2026Duni AB (publ) announced that they will report Q1, 2026 results on Apr 24, 2026
分析記事 • Oct 17Duni (STO:DUNI) Is Due To Pay A Dividend Of SEK2.50Duni AB (publ) ( STO:DUNI ) has announced that it will pay a dividend of SEK2.50 per share on the 14th of November. The...
分析記事 • Sep 08Duni's (STO:DUNI) Dividend Will Be SEK2.50Duni AB (publ) ( STO:DUNI ) will pay a dividend of SEK2.50 on the 14th of November. Based on this payment, the dividend...
お知らせ • Aug 19Duni Group Launches Relevo Reusable System in SwedenDuni 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.
お知らせ • Jul 14Duni AB (publ) to Report Q4, 2025 Results on Feb 06, 2026Duni AB (publ) announced that they will report Q4, 2025 results on Feb 06, 2026
Reported Earnings • Jul 13Second quarter 2025 earnings released: EPS: kr1.26 (vs kr1.72 in 2Q 2024)Second quarter 2025 results: EPS: kr1.26 (down from kr1.72 in 2Q 2024). Revenue: kr1.88b (flat on 2Q 2024). Net income: kr59.0m (down 27% from 2Q 2024). Profit margin: 3.1% (down from 4.3% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Jun 04Duni Group Launches New Take-Ace Series with Improved Recyclability and Enhanced FunctionalityDuni 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.
お知らせ • Jun 03Duni 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.
Declared Dividend • May 27Dividend of kr2.50 announcedShareholders will receive a dividend of kr2.50. Ex-date: 10th November 2025 Payment date: 14th November 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio) nor is it adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 7.9% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.
お知らせ • May 20+ 1 more updateDuni AB (publ) Approves Dividend, Payable 26 May 2025 and 14 November 2025On 19 May 2025, 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 21?May 2025, and record date for second instalment was determined as 11 November 2025. The first instalment is expected to be distributed through Euroclear Sweden AB on 26 May 2025, and the second instalment on 14 November 2025.
Upcoming Dividend • May 13Upcoming dividend of kr2.50 per shareEligible shareholders must have bought the stock before 20 May 2025. Payment date: 26 May 2025. Payout ratio and cash payout ratio are on the higher end at 97% and 99% respectively. Trailing yield: 5.0%. Within top quartile of Swedish dividend payers (3.9%). Higher than average of industry peers (3.0%).
お知らせ • May 05Duni AB (Publ) Announces Executive ChangesDuni 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.
Reported Earnings • Apr 18Full year 2024 earnings released: EPS: kr5.47 (vs kr8.30 in FY 2023)Full year 2024 results: EPS: kr5.47 (down from kr8.30 in FY 2023). Revenue: kr7.58b (down 1.8% from FY 2023). Net income: kr257.0m (down 34% from FY 2023). Profit margin: 3.4% (down from 5.1% in FY 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Apr 01Duni AB (publ) to Report Q2, 2025 Results on Jul 11, 2025Duni AB (publ) announced that they will report Q2, 2025 results on Jul 11, 2025
お知らせ • Mar 31+ 1 more updateDuni AB (publ) to Report Fiscal Year 2024 Final Results between Apr 14, 2025 and Apr 18, 2025Duni AB (publ) announced that they will report fiscal year 2024 final results at 9:00 AM, Central European Standard Time on between Apr 14, 2025 and Apr 18, 2025
Declared Dividend • Feb 24Final dividend of kr2.50 announcedDividend of kr2.50 is the same as last year. Ex-date: 20th May 2025 Payment date: 26th May 2025 Dividend yield will be 5.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio) nor is it covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.6% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.
Reported Earnings • Feb 13Full year 2024 earnings released: EPS: kr5.47 (vs kr8.30 in FY 2023)Full year 2024 results: EPS: kr5.47 (down from kr8.30 in FY 2023). Revenue: kr7.58b (down 1.8% from FY 2023). Net income: kr257.0m (down 34% from FY 2023). Profit margin: 3.4% (down from 5.1% in FY 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Dec 22Chief Financial Officer recently bought kr360k worth of stockOn the 19th of December, Magnus Carlsson bought around 4k shares on-market at roughly kr90.00 per share. This transaction amounted to 57% of their direct individual holding 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.
お知らせ • Dec 19Duni 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.
お知らせ • Dec 11Duni AB (Publ) Announces Departure of Linus Lemark as Chief Officer Business Area Dining Solutions and Member of Management TeamDuni 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.
Upcoming Dividend • Nov 04Upcoming dividend of kr2.50 per shareEligible shareholders must have bought the stock before 11 November 2024. Payment date: 15 November 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.1%. Within top quartile of Swedish dividend payers (4.5%). Higher than average of industry peers (3.8%).
お知らせ • Nov 01Duni AB (publ), Annual General Meeting, May 19, 2025Duni AB (publ), Annual General Meeting, May 19, 2025.
New Risk • Oct 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (100% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.1% net profit margin).
Reported Earnings • Oct 24Third quarter 2024 earnings released: kr0.043 loss per share (vs kr2.79 profit in 3Q 2023)Third quarter 2024 results: kr0.043 loss per share (down from kr2.79 profit in 3Q 2023). Revenue: kr1.91b (down 1.3% from 3Q 2023). Net loss: kr2.00m (down 101% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • Aug 27Duni 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.
お知らせ • Aug 23Duni AB (publ) to Report Q4, 2024 Results on Feb 11, 2025Duni AB (publ) announced that they will report Q4, 2024 results on Feb 11, 2025
Reported Earnings • Jul 14Second quarter 2024 earnings released: EPS: kr1.72 (vs kr2.21 in 2Q 2023)Second quarter 2024 results: EPS: kr1.72 (down from kr2.21 in 2Q 2023). Revenue: kr1.88b (down 3.2% from 2Q 2023). Net income: kr81.0m (down 22% from 2Q 2023). Profit margin: 4.3% (down from 5.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Declared Dividend • May 23Dividend of kr2.50 announcedShareholders will receive a dividend of kr2.50. Ex-date: 11th November 2024 Payment date: 15th November 2024 Dividend yield will be 4.5%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • May 23Duni AB (publ) Approves Dividend, Payable 28 May 2024 and 15 November 2024On 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.
Upcoming Dividend • May 15Upcoming dividend of kr2.50 per shareEligible shareholders must have bought the stock before 22 May 2024. Payment date: 28 May 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Swedish dividend payers (4.3%). Higher than average of industry peers (4.1%).
お知らせ • May 03Duni AB (publ) to Report Q3, 2024 Results on Oct 24, 2024Duni AB (publ) announced that they will report Q3, 2024 results on Oct 24, 2024
お知らせ • Apr 24Duni AB (publ) to Report Q2, 2024 Results on Jul 12, 2024Duni AB (publ) announced that they will report Q2, 2024 results on Jul 12, 2024
Reported Earnings • Apr 21Full year 2023 earnings released: EPS: kr8.30 (vs kr4.26 in FY 2022)Full year 2023 results: EPS: kr8.30 (up from kr4.26 in FY 2022). Revenue: kr7.72b (up 11% from FY 2022). Net income: kr390.0m (up 95% from FY 2022). Profit margin: 5.1% (up from 2.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • Mar 05Non-Independent Director recently bought kr308k worth of stockOn the 1st of March, Sven Knutsson bought around 3k shares on-market at roughly kr103 per share. This transaction increased Sven's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.4m more in shares than they have sold in the last 12 months.
Declared Dividend • Feb 16Final dividend of kr2.50 announcedShareholders will receive a dividend of kr2.50. Ex-date: 22nd May 2024 Payment date: 28th May 2024 Dividend yield will be 3.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 3.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 11Full year 2023 earnings released: EPS: kr8.30 (vs kr4.26 in FY 2022)Full year 2023 results: EPS: kr8.30 (up from kr4.26 in FY 2022). Revenue: kr7.72b (up 11% from FY 2022). Net income: kr390.0m (up 95% from FY 2022). Profit margin: 5.1% (up from 2.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 09Duni AB (publ) Proposes Dividend for the Year 2023Duni AB (publ) proposed a dividend of SEK 5.00 (SEK 3.00) per share to be divided into two partial payments.
お知らせ • Jan 23+ 1 more updateDuni AB (publ) to Report Q1, 2024 Results on Apr 24, 2024Duni AB (publ) announced that they will report Q1, 2024 results on Apr 24, 2024
お知らせ • Nov 11Duni AB (publ), Annual General Meeting, May 21, 2024Duni AB (publ), Annual General Meeting, May 21, 2024.
Upcoming Dividend • Nov 06Upcoming dividend of kr1.50 per share at 2.9% yieldEligible shareholders must have bought the stock before 13 November 2023. Payment date: 17 November 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Swedish dividend payers (5.4%). Lower than average of industry peers (7.0%).
Recent Insider Transactions • Oct 27Independent Director recently bought kr760k worth of stockOn the 24th of October, Morten Falkenberg bought around 7k shares on-market at roughly kr105 per share. This transaction increased Morten's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.3m more in shares than they have sold in the last 12 months.
Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: kr2.79 (vs kr1.83 in 3Q 2022)Third quarter 2023 results: EPS: kr2.79 (up from kr1.83 in 3Q 2022). Revenue: kr1.94b (up 5.5% from 3Q 2022). Net income: kr131.0m (up 52% from 3Q 2022). Profit margin: 6.8% (up from 4.7% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 10Mellby 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.
分析記事 • Jul 18Here's Why Duni (STO:DUNI) Has Caught The Eye Of InvestorsThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Reported Earnings • Jul 14Second 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 3% per year, which means it is significantly lagging earnings growth.
お知らせ • May 17Duni AB (Publ) Approves the Proposed Dividend Distributed in Two Equal PaymentsOn 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 10Upcoming dividend of kr1.50 per share at 2.7% yieldEligible shareholders must have bought the stock before 17 May 2023. Payment date: 24 May 2023. Trailing yield: 2.7%. Lower than top quartile of Swedish dividend payers (5.2%). Lower than average of industry peers (4.8%).
分析記事 • Apr 25Returns On Capital Signal Tricky Times Ahead For Duni (STO:DUNI)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Reported Earnings • Apr 21First 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 15CFO & Executive VP of Finance recently bought kr314k worth of stockOn 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.
お知らせ • Feb 15Duni AB (publ) to Report Q2, 2023 Results on Jul 14, 2023Duni AB (publ) announced that they will report Q2, 2023 results on Jul 14, 2023
Reported Earnings • Feb 14Full year 2022 earnings released: EPS: kr4.26 (vs kr1.62 in FY 2021)Full year 2022 results: EPS: kr4.26 (up from kr1.62 in FY 2021). Revenue: kr6.98b (up 38% from FY 2021). Net income: kr200.0m (up 163% from FY 2021). Profit margin: 2.9% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • Feb 14Duni AB (publ) to Report Q3, 2023 Results on Oct 24, 2023Duni AB (publ) announced that they will report Q3, 2023 results on Oct 24, 2023
Recent Insider Transactions • Dec 16President & CEO recently bought kr312k worth of stockOn the 14th of December, Robert Dackeskog bought around 4k shares on-market at roughly kr89.11 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months.
Reported Earnings • Oct 27Third 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 17% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to kr63.00, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 9x in the Consumer Durables industry in Sweden. Total loss to shareholders of 43% over the past three years.
分析記事 • Sep 28Duni (STO:DUNI) Could Be Struggling To Allocate CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
Reported Earnings • Jul 16Second quarter 2022 earnings released: EPS: kr1.02 (vs kr0.36 in 2Q 2021)Second quarter 2022 results: EPS: kr1.02 (up from kr0.36 in 2Q 2021). Revenue: kr1.72b (up 53% from 2Q 2021). Net income: kr48.0m (up 182% from 2Q 2021). Profit margin: 2.8% (up from 1.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 16Duni AB (publ) to Report Q4, 2022 Results on Feb 14, 2023Duni AB (publ) announced that they will report Q4, 2022 results on Feb 14, 2023
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to kr79.20, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 10x in the Consumer Durables industry in Sweden. Total loss to shareholders of 34% over the past three years.
分析記事 • Jun 17We Think Duni (STO:DUNI) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Board Change • Apr 27High number of new directorsThere 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 • Apr 17Full year 2021 earnings released: EPS: kr1.62 (vs kr0.043 in FY 2020)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). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.
Board Change • Apr 02High number of new directorsThere 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 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull 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 63 percentage points per year, which is a significant difference in performance.
分析記事 • Feb 17Here's What's Concerning About Duni's (STO:DUNI) Returns On CapitalIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
分析記事 • Nov 11The Returns On Capital At Duni (STO:DUNI) Don't Inspire ConfidenceWhat financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...
Reported Earnings • Oct 22Third quarter 2021 earnings released: EPS kr2.17 (vs kr1.02 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr1.45b (up 16% from 3Q 2020). Net income: kr102.0m (up 113% from 3Q 2020). Profit margin: 7.0% (up from 3.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
Reported Earnings • Oct 22Third quarter 2021 earnings released: EPS kr2.17 (vs kr1.02 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr1.45b (up 16% from 3Q 2020). Net income: kr102.0m (up 113% from 3Q 2020). Profit margin: 7.0% (up from 3.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.