Announcement • Jun 12
Duni Group Showcases Design Collaborations and Modular Lighting Platform for D.Ls – Duni Lighting Solutions At 3Daysofdesign in Copenhagen Duni Group, via its brand d.ls – Duni Lighting Solutions, will participate in 3daysofdesign in Copenhagen on 10–12 June. During the event, d.ls – Duni Lighting Solutions will transform Hotel Herman K into a live hospitality environment, demonstrating how cordless lighting solutions can be applied across different environments, including restaurants, hotels and other public spaces. A key focus is the continued development of design collaborations, where selected new collections and previews will be presented in partnership with external designers, including Henrik Tjaerby and Marco Maximus. Highlights include new cordless lighting collections developed with innovative materials derived from renewable resources such as coffee and wheat, as well as early previews of additional collaborations exploring next-generation materials and production approaches. In addition to the design collaborations, the exhibition will present the company's integrated lighting platform, including the d.ls Essential, d.ls Modular and d.ls Smart concepts. As the adoption of cordless lighting has increased, solutions have often remained fragmented across products, charging systems and operational routines, which the platform approach aims to address through greater standardization and integration. Together, these demonstrate a flexible approach to hospitality lighting, where lighting products, charging infrastructure and remote control can operate as one connected system. The platform has been developed to support operational efficiency, space optimization and long-term scalability, while enabling hospitality operators to manage ambience consistently across venues and occasions, with remote lighting management supporting more efficient operations. Beyond the individual collections, the exhibition also highlights a growing focus on resource efficiency, showing how material choices and production approaches are being developed to support reduced waste and long-term use. The participation supports Duni Group's strategic priority to expand its innovative offering to customers and consumers, strengthening its position within the hospitality sector. Declared Dividend • May 26
Dividend of kr2.50 announced Shareholders will receive a dividend of kr2.50. Ex-date: 16th November 2026 Payment date: 20th November 2026 Dividend yield will be 35%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (83% earnings payout ratio) but not covered by cash flows (113% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 9.6% over the next year, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 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 following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 14
Duni Group Launches Assured Carbon Footprint Calculator Duni Group's new assured Carbon Footprint Calculator provided consistent and data-driven carbon footprint insights for the company's own-produced napkins and table covers. This tool made it easier for customers to make informed, more sustainable choices and reduce their climate impact. As demand for product-level CO2 data continues to grow, transparency and consistency are becoming increasingly important for both customers and companies. The Carbon Footprint Calculator also supports customer dialogue by enabling comparisons between Duni Group's own-produced napkins and relevant industry-average reference data for virgin tissue in Europe. The model that the tool is based on is independently assured by the Carbon Trust in accordance with ISO 14067:2018. This third-party assurance strengthens the credibility of how product carbon footprints are calculated and communicated. The underlying data is sourced from Duni Group's climate reporting. In addition to its customer benefits, the tool supports Duni Group's ongoing efforts to reduce carbon emissions by strengthening internal decision-making. Duni Group has previously launched a similar calculator for its food packaging assortment. Announcement • May 06
Duni Group Launches Black Paper-Based Packaging Collection Duni Group launched Tray Contrast and Ronda Contrast - a black paper-based packaging collection developed to enhance the visual presentation of food and facilitate sorting in relevant systems, while the material choice contributes to a lower climate impact. Black packaging has long been used to create contrast and enhance food presentation, but black plastic solutions can be difficult to sort. With Tray Contrast and Ronda Contrast, Duni Group now offers a paper-based alternative that retains the appreciated black contrast while facilitating sorting in existing systems. The collection consists of black paper-based trays and bowls with a functional barrier, combined with transparent lids for clear on-shelf and take-away visibility. The packaging is primarily intended for cold food but can be used up to 70 °C, and the lids have a tight fit to ensure safe handling. The trays and bowls are made from FSC®-certified and other controlled materials, without added PFAS. Part of the collection can also be custom branded to match the customer's unique graphic identity. For a sushi restaurant selling approximately 500 portions per week, switching from a black plastic tray weighing 20 g to this paper-based tray solution can reduce the use of plastic by up to around half a tonne per year, depending on the selected format. The launch is part of Duni Group's work to unite form, function and responsibility in everyday dining occasions - and supports the ambition to contribute to future sustainable and inspiring food experiences. A comparative life-cycle calculation in Duni Group's verified CO2 calculator showed that Tray Contrast has a lower calculated climate impact per tray than a reference tray made of black PET. The comparison is based on defined assumptions regarding, among other things, weight, transport and end-of-life handling, and is therefore indicative. Duni Group holds an FSC® certificate, FSC-C014985. Announcement • Apr 29
Duni Group Launches Sealable Paper Bowl For Ready Meals Duni Group launched Sealable Ronda, a sealable paper bowl for salads and bowl meals, developed within the Duniform brand. By combining paper with hermetic sealing and modified atmosphere packaging (MAP), the solution enables longer freshness for ready-to-eat meals, reduced food waste and secure handling throughout the distribution chain, while reducing the relative use of plastic. Demand for ready-made salads and bowl meals continues to grow, while food waste remains one of the main sustainability challenges within the ready-meal segment. At the same time, food producers and retailers face increasing demand for packaging solutions that can extend shelf life, perform safely in logistics and retail environments, and respond to the need for alternatives with lower plastic content. Sealable Ronda has been developed to meet these requirements by enabling hermetic sealing and modified atmosphere packaging (MAP) in a paper-based format, supporting additional days on the shelf and reducing the risk of food being discarded. Compared with plastic-based Duni bowls of a similar size, the solution features more than 85% lower plastic content and more than 50% lower CO2 emissions. The sealing provides a leak-resistant, tamper-evident and hygienic package that protects the meal throughout the distribution chain. It reduces the risk of leakage, supports safer transport, and enables cleaner handling in both logistics and retail environments. The visible seal also makes it easy for consumers to see that the package has not been opened. At the same time, the solution responds to a clear market demand: the ability to seal paper bowls and thereby combine a high share of renewable material with functionality that has long been standard in plastic packaging. The round bowl format is adapted for modern food concepts such as salads, bowls, sushi and poke bowls and provides a clear and appetising presentation on the retail shelf. The format is easy to stack and handle in store and is suitable for both hot and cold dishes. Sealable Ronda is made from FSC®-certified and other controlled material and can be printed, enabling producers to communicate content, origin and brand directly on the packaging. Duni Group, via its brand Duniform, offers Sealable Ronda as part of a complete system of compatible packaging, films, machines and services. The solution is developed to improve logistics, reduce downtime in production, and create better conditions for a structured approach to reducing both food waste and resource use. The launch aligns with Duni Group's ambition to contribute to future sustainable and inspiring food experiences through solutions that strengthen food safety, extend shelf life, and help reduce food waste throughout the value chain. Announcement • Apr 24
Duni Group Introduces Cordless Lighting Portfolio and Design Collection Duni 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. Announcement • Apr 10
Duni Group Offers Entire Packaging Assortment Without Added PFAS Duni 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. Announcement • Apr 09
Duni AB (Publ) Proposes Dividend, Payable on 25 May 2026 and 20 November 2026 Respectively The 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. Announcement • Mar 21
Duni Group Announces Departure of Nicklas Lauwell as Chief Officer Business Area Food Packaging Solutions Duni Group announced that Nicklas Lauwell, Chief Officer Business Area Food Packaging Solutions and member of Duni Group's Management Team, has decided to leave the Group to pursue a role as Club director for the football club IFK Göteborg. During this time, he has held several roles across the Group and has been a member of the Group Management Team since 2021. Nicklas' last day with Duni Group will be no later than June 30, 2026. The process to appoint a successor has been initiated. Announcement • Feb 18
Duni Group Launches FSC-Certified Table Cover Material with Resource-conscious Design With the launch of the new table cover material Velviq, Duni Group takes the next step in developing sustainable solutions for table settings in restaurants, hotels and catering. Velviq is FSC-certified and based on responsibly sourced wood-based raw material. It also features a resource-conscious design, meaning less material per cover compared with heavier alternatives. Velviq uses FSC-certified, wood-based raw material from forestry operations that meet requirements for environmental care and social responsibility. The raw material is produced at Duni Group's paper mill in Skapafors, Sweden, while the finished product is manufactured at the company's converting facility in Germany. This combination provides close control from raw material to finished cover and high traceability throughout the production chain. Traceability and transparency in production are central to Duni Group's sustainability work. Velviq is also designed for material efficiency. Compared with heavier table cover materials, the solution uses less material per cover, contributing to more efficient resource use--without compromising stability or usability. The range includes three product formats, rolls, placemats and runners, in White, Cream and Granite Grey. The material has a soft, tactile surface that supports a consistent table setting across different table formats in restaurant, hotels and catering. The launch is part of Duni Group's work to develop practical, material-efficient and responsible solutions--from raw material to use. It is therefore in line with Duni Group's ambition to contribute to future sustainable and inspiring food experiences. Announcement • Feb 06
Duni AB (Publ) Proposes Dividend The Board of Directors of Duni AB (publ) proposed a dividend of SEK 5.00 (5.00) per share, to be dividend into two partial payments. Announcement • Nov 26
Duni Group and Duniform®? Take the Next Step in Reducing Food Waste Duni Group is expanding its concept with the launch of vacuum and composting solutions designed to reduce food waste and cut plastic usage. Vacuum packaging extends shelf life, while composting turns organic waste into soil--giving foodservice operators a solution that strengthens both profitability and sustainability. Despite improved planning and growing awareness, food waste remains a structural challenge globally. With Duniform®? vacuum machines, food can stay fresh up to five times longer, reducing waste and streamlining logistics. At the same time, Duniform®? composting machines transform organic waste into soil within 24 hours, minimizing the need for external waste management and creating tangible value from what would otherwise be lost. Combined with compostable and recyclable packaging, these solutions enable a closed-loop system where resources are preserved and food waste is minimized--delivering clear benefits for both businesses and the environment. Duniform®? solutions are available via Duniform.se and Duni Group's reseller network. The range includes machine systems, aftermarket service, and compatible packaging, supported by expert advice tailored to different operational needs. Announcement • Nov 07
Duni AB (publ), Annual General Meeting, May 18, 2026 Duni AB (publ), Annual General Meeting, May 18, 2026. Location: malmo Sweden Announcement • Oct 24
Duni AB (publ) to Report Q1, 2026 Results on Apr 24, 2026 Duni AB (publ) announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Aug 19
Duni Group Launches Relevo Reusable System in Sweden Duni Group is launching its digital reuse system Relevo on the Swedish foodservice market, in collaboration with distributor Carepa. Relevo makes it easy for consumers to borrow and return reusable takeaway containers via an app - a scalable and user-friendly way to meet new sustainability requirements. Relevo is a proven system for reusable takeaway packaging and cups, already established as a market leader in Germany. Through the app, consumers can borrow containers and return them at any participating location - with no deposit, no manual tracking, and no disruption to existing workflows. The system is now available across Sweden, featuring a localized app and a partner platform that makes reuse simple and accessible. The launch comes at a time when new regulations are driving the need for sustainable alternatives in the takeaway sector. Since January 2024, businesses providing more than 150 single-use containers per day on average are required to offer reusable options. Relevo enables compliance with these requirements in an efficient and practical way. Announcement • Jul 14
Duni AB (publ) to Report Q4, 2025 Results on Feb 06, 2026 Duni AB (publ) announced that they will report Q4, 2025 results on Feb 06, 2026 Announcement • Jun 04
Duni Group Launches New Take-Ace Series with Improved Recyclability and Enhanced Functionality Duni is launching a new take-away series that combines improved recyclability with enhanced functionality. The series introduces a grey plastic base which, unlike traditional black plastic, can be detected and recycled within today's waste sorting systems. This launch marks an important step in Duni Group's commitment to more sustainable packaging - without compromising on usability, design or quality. To enable increased recycling and reduce environmental impact, Duni is replacing black plastic with a new, recyclability grey tone in its new take-away series, Vista. Unlike black plastic, which cannot be identified by optical sorting systems and therefore often ends up as residual waste, the grey plastic is fully detectable in modern recycling facilities. Furthermore, it contains no carbon black - a pigment that hampers recyclability and is associated with potential health concerns. This represents a clear improvement from a sustainability perspective and a step toward more circular use of resources. At the same time, the sleek grey tone provides a modern and elegant presentation of food - without compromising functionality or performance. Vista has been developed to meet increasing demands for sustainable and practical packaging - from regulatory bodies, consumers and the market alike. The series offers improved usability and is designed to simplify handling while enhancing the overall experience - from kitchen to end-user. The series is available in five sizes with two- or three-compartment options, suitable for both hot and cold meals. The packaging is made from recyclable polypropylene and has been optimized to use less material, reducing plastic consumption without compromising on functionality or quality. Vista is leak-proof, microwave-safe and equipped with anti-fog lids that reduce condensation and provide clear visibility. Adjustable vents manage steam to preserve texture, while hygiene and tamper-evident features ensure food safety. A tear-off hinge transforms the container into a convenient serving bowl. A smart stacking system further simplifies storage and handling. The Vista series will be available from July 1, 2025. Announcement • Jun 03
Duni AB (publ) (OM:DUNI) acquired 80% stake in Linepack Oy. Duni AB (publ) (OM:DUNI) acquired 80% stake in Linepack Oy on June 3, 2025. The acquisition strengthens the Food Packaging Solutions business area and complements the Duniform brand with advanced technology and local expertise. LinePack Oy has an annual turnover of approximately €2 million and employs six people.
Duni AB (publ) (OM:DUNI) completed the acquisition of 80% stake in Linepack Oy on June 3, 2025. Announcement • May 05
Duni AB (Publ) Announces Executive Changes Duni AB (publ) announced that Hanna Banica has been appointed Chief Officer Business Area Dining Solutions, and Manfred Hargarten will assume the role of Chief Commercial Excellence Officer. These changes enhance Duni Group's ability to proactively drive growth and increase competitiveness in the market. The changes aim to clarify responsibilities and streamline core functions - to better harness synergies and create a more agile, customer-centric organization. The current changes complement the leadership adjustments implemented earlier this year. Hanna Banica appointed Chief Officer Business Area Dining Solutions. Hanna Banica has been with Duni Group since 2022, most recently serving as Marketing Director for the Dining Solutions business area, where she played a key role in developing and implementing strategies for the business area. She has previously held senior marketing positions at Tepe and Lantmännen. In First Quarter 2025, Duni Group initiated a reorganization of its sales structure by establishing dedicated sales teams for each business area, aimed at creating a more customer-focused and efficient approach. In her new role, Hanna will be responsible for leading the dedicated sales team for Dining Solutions Europe, the marketing team, Lighting Solutions, and for the business area's performance and strategy. She will also be responsible for setting the digital strategy. Manfred Hargarten appointed Chief Commercial Excellence Officer. As Hanna assumes her new role, Manfred Hargarten will transition from his position as Interim Chief Officer Business Area Dining Solutions to the newly created role of Chief Commercial Excellence Officer. With his extensive experience as Chief Commercial Officer and his proven expertise in Commercial Excellence, Commercial Controlling, and Customer Care, Manfred will take on the important task of further strengthening and streamlining the Group's business-support functions. In this new role, he will focus on optimizing these key areas to enhance efficiency, support the business areas more effectively, and contribute decisively to the Group's long-term performance and competitiveness. Announcement • Apr 01
Duni AB (publ) to Report Q2, 2025 Results on Jul 11, 2025 Duni AB (publ) announced that they will report Q2, 2025 results on Jul 11, 2025 Announcement • Dec 19
Duni AB (publ) (OM:DUNI) agreed to acquire Poppies Europe Ltd. for SEK 670 million. Duni AB (publ) (OM:DUNI) agreed to acquire Poppies Europe Ltd. for SEK 670 million on December 18, 2024. Duni Group will acquire 100 percent of the company on a cash and debt free basis for a fixed purchase price of approximately SEK 670 m, whereof 60 percent will be paid upon closing and the remaining amount will be paid in three instalments by the end of 2025 (20%), 2026 (10%) and 2027 (10%). Financing is covered within Duni Group’s existing loan facility. For the period ending December 31, 2023, Poppies Europe Ltd. reported total revenue of SEK 620 million. The acquisition is subject to regulatory approval in the UK and customary closing conditions and is expected to be completed in the first half of 2025. Announcement • Dec 11
Duni AB (Publ) Announces Departure of Linus Lemark as Chief Officer Business Area Dining Solutions and Member of Management Team Duni Group announced that Linus Lemark, Chief Officer Business Area Dining Solutions and member of Duni Group's Management Team, has decided to leave the Group to pursue a CEO role outside of the Company. Linus last day with Duni Group will be no later than June 11, 2025. The process to appoint a successor has been initiated. Upcoming Dividend • Nov 04
Upcoming dividend of kr2.50 per share Eligible 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 German dividend payers (4.8%). Higher than average of industry peers (3.8%). Announcement • Nov 01
Duni AB (publ), Annual General Meeting, May 19, 2025 Duni AB (publ), Annual General Meeting, May 19, 2025. New Risk • Oct 25
New minor risk - Earnings quality The 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 24
Third 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 11% per year, which means it is significantly lagging earnings. Announcement • Aug 27
Duni AB (publ) (OM:DUNI) agreed to acquire 70% stake in Seti proizvodnja papirne galanterije d.o.o. Duni AB (publ) (OM:DUNI) agreed to acquire 70% stake in Seti proizvodnja papirne galanterije d.o.o. on August 27, 2024. Financing of the acquisition is planned to take place within Duni Group’s existing loan facility. SETI has annual net sales of approximately SEK 100 million. The expected completion of the transaction is October 1, 2024. Announcement • Aug 23
Duni AB (publ) to Report Q4, 2024 Results on Feb 11, 2025 Duni AB (publ) announced that they will report Q4, 2024 results on Feb 11, 2025 Reported Earnings • Jul 14
Second 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 5% per year, which means it is significantly lagging earnings. Declared Dividend • May 23
Dividend of kr2.50 announced Shareholders will receive a dividend of kr2.50. Ex-date: 11th November 2024 Payment date: 15th November 2024 Dividend yield will be 29%, which is higher than the industry average of 2.5%. 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. Announcement • May 23
Duni AB (publ) Approves Dividend, Payable 28 May 2024 and 15 November 2024 On 21 May 2024, Duni AB's Annual General Meeting ("AGM") in Malmö approved the proposed dividend to shareholders of SEK 5.00 per share, distributed to the shareholders in two equal payments of SEK 2.50 per share. Record date for the first instalment was determined as 23 May 2024, and record date for second instalment was determined as 12 November 2024. The first instalment is expected to be distributed through Euroclear Sweden AB on 28 May 2024, and the second instalment on 15 November 2024. Upcoming Dividend • May 15
Upcoming dividend of kr2.50 per share Eligible 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 German dividend payers (4.6%). Higher than average of industry peers (4.1%). Announcement • May 03
Duni AB (publ) to Report Q3, 2024 Results on Oct 24, 2024 Duni AB (publ) announced that they will report Q3, 2024 results on Oct 24, 2024 Announcement • Apr 24
Duni AB (publ) to Report Q2, 2024 Results on Jul 12, 2024 Duni AB (publ) announced that they will report Q2, 2024 results on Jul 12, 2024 Reported Earnings • Apr 21
Full 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 7% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 19
Final dividend of kr2.50 announced Shareholders will receive a dividend of kr2.50. Ex-date: 22nd May 2024 Payment date: 28th May 2024 Dividend yield will be 29%, which is higher than the industry average of 2.5%. 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 11
Full 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 2% per year, which means it is significantly lagging earnings. Announcement • Feb 09
Duni AB (publ) Proposes Dividend for the Year 2023 Duni AB (publ) proposed a dividend of SEK 5.00 (SEK 3.00) per share to be divided into two partial payments. Announcement • Nov 11
Duni AB (publ), Annual General Meeting, May 21, 2024 Duni AB (publ), Annual General Meeting, May 21, 2024. Upcoming Dividend • Nov 06
Upcoming dividend of kr1.50 per share at 2.9% yield Eligible 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 German dividend payers (5.0%). Lower than average of industry peers (5.2%). Recent Insider Transactions • Oct 27
Independent Director recently bought €65k worth of stock On the 24th of October, Morten Falkenberg bought around 7k shares on-market at roughly €8.94 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 €113k more in shares than they have sold in the last 12 months. Reported Earnings • Oct 25
Third 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 5% per year, which means it is significantly lagging earnings growth. Announcement • Sep 10
Mellby Gård AB made an offer to acquire remaining 69.99% stake in Duni AB (publ) (OM:DUNI) for SEK 3.1 billion. Mellby Gård AB made an offer to acquire remaining 69.99% stake in Duni AB (publ) (OM:DUNI) for SEK 3.1 billion on September 8, 2023. As per the term, the offer price per share is SEK 96.80 for 32,898,532 shares. The consideration payable in connection with the Offer will be financed through Mellby Gård’s own cash and credit facilities. Thus, Mellby Gård has sufficient cash resources to fully pay the Offer consideration. The completion of the Offer is conditional upon receipt of all necessary regulatory, governmental, competition authorities approvals. According to Mellby Gård’s assessment, the transaction will require approvals from competition authorities in Sweden, Norway, Poland and Germany. The acceptance period in the Offer is expected to commence on or about September 12, 2023, and expire on or about October 10, 2023. Mellby Gård has retained Erneholm Haskel AB as financial advisor and Advokatfirman Cederquist as legal advisor in connection with the Offer. Reported Earnings • Jul 14
Second quarter 2023 earnings released: EPS: kr2.21 (vs kr1.02 in 2Q 2022) Second quarter 2023 results: EPS: kr2.21 (up from kr1.02 in 2Q 2022). Revenue: kr1.94b (up 12% from 2Q 2022). Net income: kr104.0m (up 117% from 2Q 2022). Profit margin: 5.4% (up from 2.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 17
Duni AB (Publ) Approves the Proposed Dividend Distributed in Two Equal Payments On 16 May 2023, Duni AB's Annual General Meeting ("AGM") in Malmö approved the proposed dividend to shareholders of SEK 3.00 per share, distributed to the shareholders in two equal payments of SEK 1.50 per share. Record date for the first instalment was determined as 19 May 2023, and record date for second instalment was determined as 14 November 2023. The first instalment is expected to be distributed through Euroclear Sweden AB on 24 May 2023, and the second instalment on, 17 November 2023. Upcoming Dividend • May 10
Upcoming dividend of kr1.50 per share at 2.8% yield Eligible shareholders must have bought the stock before 17 May 2023. Payment date: 24 May 2023. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (2.8%). Reported Earnings • Apr 21
First quarter 2023 earnings released: EPS: kr1.66 (vs kr0.11 in 1Q 2022) First quarter 2023 results: EPS: kr1.66 (up from kr0.11 in 1Q 2022). Revenue: kr1.88b (up 30% from 1Q 2022). Net income: kr78.0m (up kr73.0m from 1Q 2022). Profit margin: 4.2% (up from 0.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 18
CFO & Executive VP of Finance recently bought €28k worth of stock On the 13th of March, Magnus Carlsson bought around 4k shares on-market at roughly €7.88 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. Announcement • Feb 15
Duni AB (publ) to Report Q2, 2023 Results on Jul 14, 2023 Duni AB (publ) announced that they will report Q2, 2023 results on Jul 14, 2023 Reported Earnings • Feb 15
Full 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 15% per year, which means it is significantly lagging earnings. Announcement • Dec 27
A fund managed Five V Capital completed the acquisition of 25% stake in BioPak Pty Limited from Duni AB (publ) (OM:DUNI) for AUD 65.8 million. A fund managed Five V Capital agreed to acquire 25% stake in BioPak Pty Limited from Duni AB (publ) (OM:DUNI) for AUD 65.8 million on December 13, 2022. The purchase price amounts to AUD 65.8 million out of that AUD 61.3 m is paid when the transaction is closed in December 2022 and AUD 4.5 million may be paid between Q3 2023 and Q3 2024 when certain predetermined conditions are met. Duni Group will after the transaction hold 53% of the shares in BioPak Pty Ltd. Following the transaction, Equistock Holdings 33 Pty Limited will hold 15% of the shares. The existing put and call option has thus been dissolved with a settlement amount of AUD 8.3 million to be paid on the closing date. Five V has a put option if a shareholder, other than Mellby Gård AB, would acquire minimum 40% of the shares in Duni Group. Following the Transaction, Five V will in total hold 30% of the shares in BioPak Pty Ltd. The remaining 2% is subject to vesting conditions under a staff share incentive scheme held by employees in the BioPak Group. The transaction completion is subject to customary closing conditions.
A fund managed Five V Capital completed the acquisition of 25% stake in BioPak Pty Limited from Duni AB (publ) (OM:DUNI) for AUD 65.8 million on December 27, 2022. Announcement • Dec 15
A fund managed Five V Capital agreed to acquire 25% stake in BioPak Pty Limited from Duni AB (publ) (OM:DUNI) for AUD 65.8 million. A fund managed Five V Capital agreed to acquire 25% stake in BioPak Pty Limited from Duni AB (publ) (OM:DUNI) for AUD 65.8 million on December 13, 2022. The purchase price amounts to AUD 65.8 million out of that AUD 61.3 m is paid when the transaction is closed in December 2022 and AUD 4.5 million may be paid between Q3 2023 and Q3 2024 when certain predetermined conditions are met. Duni Group will after the transaction hold 53% of the shares in BioPak Pty Ltd. Following the transaction, Equistock Holdings 33 Pty Limited will hold 15% of the shares. The existing put and call option has thus been dissolved with a settlement amount of AUD 8.3 million to be paid on the closing date. Five V has a put option if a shareholder, other than Mellby Gård AB, would acquire minimum 40% of the shares in Duni Group. Following the Transaction, Five V will in total hold 30% of the shares in BioPak Pty Ltd. The remaining 2% is subject to vesting conditions under a staff share incentive scheme held by employees in the BioPak Group. The transaction completion is subject to customary closing conditions. Announcement • Nov 16
Duni AB (Publ) Announces Executive Changes Duni AB (publ) announced as previously announced, Manfred Hargarten, currently Executive Vice President (EVP) Commercial for Centraland South regions, took over the responsibility for all Commercial regions as an interim solution in September this year following the change of position for Nicklas Bengtsson, previously EVP Commercial region North, South and West and now EVP Business Area BioPak. The position of Executive Vice President Commercial will, effective immediately, become permanent. Announcement • Nov 15
Duni AB (Publ) Appoints Nomination Committee for AGM 2023 Pursuant to a resolution adopted at Duni AB (publ)'s Annual General Meeting in 2022, a Nomination Committee has been appointed prior to the Annual General Meeting in 2023. Duni hereby announces the composition of the Nomination Committee. The following persons will serve on the Nomination Committee, which is charged with presenting proposals to the Annual General Meeting in 2023 regarding the composition of Duni’s Board of Directors, etc.: Mr. Johan Andersson, Mellby Gård AB Mr. Hans Hedström, Carnegie fonder. Mr. Bernard R. Horn, Jr., Polaris Capital Management, LLC. Mr. Thomas Gustafsson, Chairman of Duni AB. The company's Annual General Meeting will be held in Malmö on Tuesday 16 May 2023. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: kr1.83 (vs kr2.17 in 3Q 2021) Third quarter 2022 results: EPS: kr1.83 (down from kr2.17 in 3Q 2021). Revenue: kr1.83b (up 26% from 3Q 2021). Net income: kr86.0m (down 16% from 3Q 2021). Profit margin: 4.7% (down from 7.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Sep 13
Duni AB (Publ) Announces Executive Changes Duni AB (publ) announced appointment of Nicklas Bengtsson, currently Executive Vice President Commercial for NorthEast and West, has accepted the role EVP business area BioPak in Europe. The business area focuses on sustainable products and services for the growing market of consuming food and drink “on the go”. Manfred Hargarten, currently EVP Commercial Central and South, will take on Nicklas current responsibilities and consequently become EVP Commercial for all regions as an interim solution. At the same time, Mats Lindroth, currently EVP business area BioPak, will take on a new role as Senior Advisor and in this focus on BioPak Pty Ltd. and its subsidiaries, so called “BioPak Group”. Mats will leave the Duni Group management team during the autumn to focus on BioPak Group as a board member. Mats will continue to report to President and CEO, Robert Dackeskog, in his new role. The above changes will take effect immediately. Current segment reporting will not be affected. Reported Earnings • Jul 16
Second 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 8% per year, which means it has not declined as severely as earnings. Announcement • Jul 16
Duni AB (publ) to Report Q4, 2022 Results on Feb 14, 2023 Duni AB (publ) announced that they will report Q4, 2022 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €7.32, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 9x in the Consumer Durables industry in Germany. Total loss to shareholders of 29% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: kr0.11 (vs kr1.11 loss in 1Q 2021) First quarter 2022 results: EPS: kr0.11 (up from kr1.11 loss in 1Q 2021). Revenue: kr1.44b (up 55% from 1Q 2021). Net income: kr5.00m (up kr57.0m from 1Q 2021). Profit margin: 0.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Maria Fredholm was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 17
Full 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 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Maria Fredholm was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr1.62 (up from kr0.043 in FY 2020). Revenue: kr5.06b (up 12% from FY 2020). Net income: kr76.0m (up kr74.0m from FY 2020). Profit margin: 1.5% (up from 0% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 22
Third 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 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS kr0.38 (vs kr2.15 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr1.12b (up 37% from 2Q 2020). Net income: kr18.0m (up kr119.0m from 2Q 2020). Profit margin: 1.6% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Jul 15
Duni AB (publ) (OM:DUNI) acquired 20% stake in Relevo GmbH. Duni AB (publ) (OM:DUNI) acquired 20% stake in Relevo GmbH on July 14, 2021.
Duni AB (publ) (OM:DUNI) completed the acquisition of 20% stake in Relevo GmbH on July 14, 2021. Announcement • Jul 07
Duni Group Announces the Upcoming Launch of Fossil Free Premium Napkins and Table Coverings Under Its Duni Brand Duni Group announced the upcoming launch of fossil free premium napkins and table coverings under its Duni brand. With the switch to new fossil free binders containing food waste, Duni Group moves towards a circular business model. In an industry first, Duni has employed natural chemical technology based on leading research to reach the next level in sustainable product solutions. The launches mark the latest step in the Group's long-term plan to increase the use of renewable materials, phase out all fossil plastics from its product portfolio and become a circular business by 2030. Partnering with OrganoClick, Duni has developed new Bio Dunisoft® napkins, using OC-BioBinder(TM) made from corn, lemon peels and other food waste. In addition, new Bio Dunicel®premium table coverings will use a renewable binder made with potato starch, developed by Duni's factory team in Germany. Both napkins and table coverings are recyclable as paper. The new napkins and table coverings will additionally be launched in new, innovative, fibre-based packaging. All plastic is being removed, so the packaging can be recycled either as paper or cardboard. Reported Earnings • Apr 24
First quarter 2021 earnings released: kr1.11 loss per share (vs kr0.43 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: kr932.0m (down 25% from 1Q 2020). Net loss: kr52.0m (down 360% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Nov 19
An undisclosed buyer acquired 30% stake in Duni AB (publ) (OM:DUNI) from Mellby Gård AB. An undisclosed buyer acquired 30% stake in Duni AB (publ) (OM:DUNI) from Mellby Gård AB on November 16, 2020. Mellby Gård AB sold 14.1 million shares to the buyer.
An undisclosed buyer completed the acquisition of 30% stake in Duni AB (publ) (OM:DUNI) from Mellby Gård AB on November 16, 2020. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of kr39.0m, down 85% from the prior year. Total revenue was kr4.88b over the last 12 months, down 11% from the prior year. Is New 90 Day High Low • Oct 07
New 90-day high: €9.31 The company is up 3.0% from its price of €9.04 on 09 July 2020. The German market is also up 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Consumer Durables industry, which is up 16% over the same period. Announcement • Oct 05
Duni AB (publ) (OM:DUNI) acquired 75% stake of Biopak Pty Ltd for approximately SEK 410 million Duni AB (publ) (OM:DUNI) acquired 75% stake of Biopak Pty Ltd for approximately SEK 410 million on October 15, 2018. The consideration is covered within existing loan facilities. The transaction includes supplementary payment of approximately SEK 24 million for an additional 5% of the shares after two years, and a put and call option for the remaining 20% of shares after five years. Post-completion, three subsidiaries of Biopak will be consolidated under the Business Area New Markets as part of Duni and Biopak will however remain a separate company and continue to trade as BioPak. For the year ended December 31, 2017, Biopak Pty Ltd reported annual revenues of approximately SEK 385 million. The founders will still be active and part of the management team.
Duni AB (publ) (OM:DUNI) completed acquisition of 75% stake of Biopak Pty Ltd on October 15, 2018. Announcement • Aug 03
Duni AB (publ) Appoints Robert Dackeskog as CEO, Effective February 1, 2021 Robert Dackeskog, currently CEO for the dental wholesaler Unident AB, is appointed CEO for Duni Group. He assumes his position latest February 1, 2021. Robert has a long experience of different types of FMCG products for professionals as well as end customers, both nationally and internationally. Between 2012 and 2019 Robert was a member of the Duni Group management team as Business Area Director for Consumer and later Table Top. He left the Group in January 2019 and later started the assignment he has today. Before his time at Duni Group, Robert held senior positions within the Findus Group. Until Robert takes the position as new CEO, Mats Lindroth, deputy CEO and CFO, will continue as acting CEO. Announcement • Jul 20
Duni AB (Publ) Announces Executive Changes The Duni Group's board of directors have reached an agreement with CEO, Johan Sundelin, to leave his assignment with immediate effect. Mats Lindroth, deputy CEO and CFO, will step in as acting CEO. The recruitment process to find a new permanent CEO has started.