Duni AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 01:45 am EDT
Share
Duni AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 1,935 million compared to SEK 1,834 million a year ago. Net income was SEK 131 million compared to SEK 86 million a year ago. Basic earnings per share from continuing operations was SEK 2.8 compared to SEK 1.84 a year ago.
For the nine months, sales was SEK 5,747 million compared to SEK 5,002 million a year ago. Net income was SEK 313 million compared to SEK 140 million a year ago. Basic earnings per share from continuing operations was SEK 6.65 compared to SEK 2.97 a year ago.
Duni AB is a Sweden-based company that designs, produces and markets table setting products. It also provides packaging and packaging systems to the take-away market. In March 2014, the Company introduced new organizational structure, based on five business areas. The Professional business area was divided in three separate ones: the Table Top, offering napkins, table coverings and candles for traditional restaurants in Europe; the Meal Service, manufacturing products for take-away packaging, serving and catering, targeting fast food segment; and the New Markets, active in geographic markets outside Europe. In addition, it is active in the Consumer business area, focused on the grocery retail trade; and the Materials and Services, comprising all other sales, such as tissue paper and hygiene products. Duni AB operates in over 15 countries and has production units in Sweden, Germany and Poland. In June 2014, it acquired 100% of the shares in the Paper+Design Group.
DUNI AB 
